Natixis Advisors LLC Has $52.32 Million Stock Position in Reinsurance Group of America, Incorporated $RGA

Natixis Advisors LLC increased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 257,136 shares of the insurance provider’s stock after purchasing an additional 11,398 shares during the period. Natixis Advisors LLC’s holdings in Reinsurance Group of America were worth $52,317,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. AXQ Capital LP acquired a new position in Reinsurance Group of America during the 4th quarter worth approximately $526,000. BNP Paribas Financial Markets raised its stake in Reinsurance Group of America by 486.7% during the 4th quarter. BNP Paribas Financial Markets now owns 45,742 shares of the insurance provider’s stock worth $9,307,000 after buying an additional 37,946 shares during the period. Norges Bank acquired a new position in Reinsurance Group of America during the 4th quarter worth approximately $173,767,000. Coyle Financial Counsel LLC raised its stake in Reinsurance Group of America by 33.6% during the 4th quarter. Coyle Financial Counsel LLC now owns 1,418 shares of the insurance provider’s stock worth $289,000 after buying an additional 357 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Reinsurance Group of America during the 4th quarter worth approximately $352,000. 95.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on RGA. Evercore reaffirmed an “outperform” rating and set a $267.00 price target on shares of Reinsurance Group of America in a research note on Monday, May 18th. UBS Group increased their price objective on Reinsurance Group of America from $216.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Wall Street Zen raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. 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 note on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. increased their price objective on Reinsurance Group of America from $264.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $251.25.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock opened at $195.39 on Thursday. The company has a market cap of $12.80 billion, a PE ratio of 10.58 and a beta of 0.47. Reinsurance Group of America, Incorporated has a 52 week low of $165.52 and a 52 week high of $229.21. The business has a 50 day moving average price of $207.96 and a 200-day moving average price of $204.88. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, topping the consensus estimate of $6.03 by $0.94. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.47 billion. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The company’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business posted $5.66 earnings per share. Equities analysts anticipate that Reinsurance Group of America, Incorporated will post 26.88 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were issued a $0.93 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.72 annualized dividend and a dividend yield of 1.9%. Reinsurance Group of America’s dividend payout ratio is currently 20.15%.

Insider Activity at Reinsurance Group of America

In other news, EVP John W. Hayden sold 414 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total value of $88,989.30. Following the completion of the transaction, the executive vice president directly owned 20,949 shares of the company’s stock, valued at $4,502,987.55. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ronald Herrmann sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $210.58, for a total value of $1,474,060.00. Following the completion of the transaction, the executive vice president directly owned 3,938 shares of the company’s stock, valued at approximately $829,264.04. This represents a 64.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.60% of the company’s stock.

Reinsurance Group of America Profile

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.