Natixis Advisors LLC Lowers Holdings in Reinsurance Group of America, Incorporated $RGA

Natixis Advisors LLC reduced its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 245,738 shares of the insurance provider’s stock after selling 2,678 shares during the quarter. Natixis Advisors LLC’s holdings in Reinsurance Group of America were worth $47,214,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Reinsurance Group of America in the 2nd quarter worth $167,955,000. Orion Porfolio Solutions LLC increased its stake in shares of Reinsurance Group of America by 6,076.4% during the second quarter. Orion Porfolio Solutions LLC now owns 602,503 shares of the insurance provider’s stock worth $119,512,000 after acquiring an additional 592,748 shares during the period. Laurel Wealth Advisors LLC increased its stake in shares of Reinsurance Group of America by 19,387.3% during the second quarter. Laurel Wealth Advisors LLC now owns 561,818 shares of the insurance provider’s stock worth $111,442,000 after acquiring an additional 558,935 shares during the period. American Century Companies Inc. raised its holdings in Reinsurance Group of America by 35.2% during the second quarter. American Century Companies Inc. now owns 2,044,818 shares of the insurance provider’s stock worth $405,610,000 after purchasing an additional 532,891 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in Reinsurance Group of America in the second quarter valued at about $69,426,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Down 0.3%

RGA stock opened at $206.53 on Tuesday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $207.91 and its 200 day moving average price is $198.03. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $229.21. The company has a market cap of $13.54 billion, a P/E ratio of 11.64 and a beta of 0.50.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The company had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.25 billion. During the same period last year, the company posted $4.99 earnings per share. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 20.96%.

Analyst Ratings Changes

A number of brokerages have weighed in on RGA. Piper Sandler reaffirmed an “overweight” rating and issued a $263.00 price objective on shares of Reinsurance Group of America in a report on Friday, February 6th. TD Cowen reissued a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Wall Street Zen raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Wells Fargo & Company upped their price objective on Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Finally, Morgan Stanley increased their price objective on Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Reinsurance Group of America has an average rating of “Moderate Buy” and an average target price of $247.75.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.