Mitsubishi UFJ Trust & Banking Corp Sells 1,092 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Mitsubishi UFJ Trust & Banking Corp decreased its stake in Reinsurance Group of America, Incorporated (NYSE:RGAGet Rating) by 10.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 9,354 shares of the insurance provider’s stock after selling 1,092 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Reinsurance Group of America were worth $1,097,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Graham Capital Wealth Management LLC raised its stake in shares of Reinsurance Group of America by 0.8% during the second quarter. Graham Capital Wealth Management LLC now owns 17,599 shares of the insurance provider’s stock valued at $2,064,000 after acquiring an additional 147 shares during the last quarter. Willis Investment Counsel raised its position in Reinsurance Group of America by 0.7% in the second quarter. Willis Investment Counsel now owns 136,980 shares of the insurance provider’s stock worth $16,066,000 after acquiring an additional 978 shares during the period. Baird Financial Group Inc. increased its stake in shares of Reinsurance Group of America by 16.5% in the second quarter. Baird Financial Group Inc. now owns 12,138 shares of the insurance provider’s stock worth $1,423,000 after purchasing an additional 1,717 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in Reinsurance Group of America during the second quarter valued at approximately $207,000. Finally, MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income grew its stake in Reinsurance Group of America by 18.9% during the second quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income now owns 131,220 shares of the insurance provider’s stock valued at $15,391,000 after acquiring an additional 20,890 shares in the last quarter. Institutional investors own 97.41% of the company’s stock.

Reinsurance Group of America Stock Up 2.4 %

Shares of NYSE RGA opened at $138.83 on Monday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 1.12. Reinsurance Group of America, Incorporated has a 12 month low of $94.32 and a 12 month high of $148.75. The firm has a market capitalization of $9.28 billion, a PE ratio of 16.37 and a beta of 0.93. The firm has a fifty day simple moving average of $134.85 and a two-hundred day simple moving average of $125.55.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Tuesday, November 15th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $3.20 annualized dividend and a yield of 2.30%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 37.74%.

Analyst Upgrades and Downgrades

A number of research firms have commented on RGA. StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Monday, November 7th. TheStreet raised shares of Reinsurance Group of America from a “c+” rating to a “b-” rating in a research note on Thursday, November 3rd. Citigroup boosted their price target on shares of Reinsurance Group of America from $112.00 to $116.00 in a research note on Wednesday, November 16th. Morgan Stanley boosted their price objective on shares of Reinsurance Group of America from $140.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, November 4th. Finally, JPMorgan Chase & Co. lowered shares of Reinsurance Group of America from an “overweight” rating to a “neutral” rating and set a $136.00 price objective for the company. in a report on Monday, October 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $134.80.

About Reinsurance Group of America

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Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.

Further Reading

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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