Reinsurance Group of America, Incorporated (NYSE:RGA) Stake Reduced by Natixis Advisors L.P.

Natixis Advisors L.P. trimmed its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 128,364 shares of the insurance provider’s stock after selling 5,708 shares during the period. Natixis Advisors L.P.’s holdings in Reinsurance Group of America were worth $20,765,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RGA. Vanguard Group Inc. lifted its stake in Reinsurance Group of America by 1.5% during the third quarter. Vanguard Group Inc. now owns 7,350,810 shares of the insurance provider’s stock valued at $1,067,264,000 after purchasing an additional 110,877 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Reinsurance Group of America by 7.3% during the 3rd quarter. American Century Companies Inc. now owns 2,605,471 shares of the insurance provider’s stock worth $378,288,000 after acquiring an additional 177,299 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of Reinsurance Group of America by 2.7% in the 3rd quarter. Earnest Partners LLC now owns 2,371,076 shares of the insurance provider’s stock worth $344,257,000 after acquiring an additional 62,045 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Reinsurance Group of America by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 918,023 shares of the insurance provider’s stock valued at $133,288,000 after purchasing an additional 13,229 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Reinsurance Group of America by 33.5% in the 3rd quarter. AQR Capital Management LLC now owns 709,359 shares of the insurance provider’s stock valued at $102,992,000 after purchasing an additional 177,812 shares during the period. Institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RGA. Evercore ISI raised their target price on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Piper Sandler increased their target price on Reinsurance Group of America from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Morgan Stanley raised their target price on Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. UBS Group upped their price target on Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $189.00 to $195.00 and gave the stock a “neutral” rating in a research report on Friday. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.85.

Reinsurance Group of America Trading Up 5.5 %

Shares of NYSE:RGA opened at $201.65 on Monday. Reinsurance Group of America, Incorporated has a 1 year low of $133.13 and a 1 year high of $202.06. The firm has a fifty day moving average price of $186.60 and a 200 day moving average price of $171.07. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $13.27 billion, a PE ratio of 15.67 and a beta of 0.88.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.55 by $1.47. Reinsurance Group of America had a return on equity of 15.94% and a net margin of 4.16%. The company had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the company posted $5.16 EPS. Analysts expect that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Monday, May 13th. Reinsurance Group of America’s dividend payout ratio is 26.42%.

Insider Transactions at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,588 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total value of $272,866.04. Following the transaction, the executive vice president now directly owns 13,625 shares in the company, valued at approximately $2,341,183.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Todd C. Larson sold 2,966 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total transaction of $542,422.08. Following the completion of the sale, the chief financial officer now owns 49,549 shares in the company, valued at approximately $9,061,521.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William L. Hutton sold 1,588 shares of Reinsurance Group of America stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $171.83, for a total value of $272,866.04. Following the completion of the transaction, the executive vice president now directly owns 13,625 shares in the company, valued at $2,341,183.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,462 shares of company stock worth $1,162,239. 1.37% of the stock is owned by insiders.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. The company 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.