Natixis Advisors LLC Has $43.23 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Natixis Advisors LLC increased its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 202,349 shares of the insurance provider’s stock after buying an additional 8,651 shares during the period. Natixis Advisors LLC owned 0.31% of Reinsurance Group of America worth $43,228,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings in Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after buying an additional 120 shares during the last quarter. Strengthening Families & Communities LLC acquired a new position in Reinsurance Group of America in the third quarter worth approximately $36,000. Spire Wealth Management increased its holdings in Reinsurance Group of America by 39.0% in the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after buying an additional 57 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Reinsurance Group of America in the fourth quarter worth approximately $44,000. Finally, Versant Capital Management Inc increased its holdings in Reinsurance Group of America by 38.1% in the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock worth $62,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on RGA. JPMorgan Chase & Co. increased their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Piper Sandler lowered their price target on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Evercore ISI lowered their price target on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday. Morgan Stanley lowered their price target on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Finally, Wells Fargo & Company increased their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $231.85.

Reinsurance Group of America Trading Up 3.2 %

Shares of Reinsurance Group of America stock opened at $191.98 on Monday. The company’s fifty day simple moving average is $209.88 and its 200-day simple moving average is $214.95. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 17.88 and a beta of 0.91. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 1 year low of $178.84 and a 1 year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. As a group, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.85%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 33.15%.

Reinsurance Group of America 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.