Natixis Advisors L.P. Sells 3,295 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Posted by Defense World Staff on Apr 12th, 2023

Natixis Advisors L.P. reduced its stake in Reinsurance Group of America, Incorporated (NYSE:RGA – Get Rating) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,485 shares of the insurance provider’s stock after selling 3,295 shares during the period. Natixis Advisors L.P. owned 0.17% of Reinsurance Group of America worth $16,268,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in Reinsurance Group of America by 1.1% in the third quarter. Janney Montgomery Scott LLC now owns 6,748 shares of the insurance provider’s stock worth $849,000 after purchasing an additional 71 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in Reinsurance Group of America by 3.3% in the third quarter. Raymond James Trust N.A. now owns 2,383 shares of the insurance provider’s stock worth $300,000 after purchasing an additional 77 shares during the last quarter. Fulton Bank N.A. boosted its holdings in Reinsurance Group of America by 3.0% in the third quarter. Fulton Bank N.A. now owns 2,830 shares of the insurance provider’s stock worth $356,000 after purchasing an additional 83 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Reinsurance Group of America by 2.5% in the second quarter. Captrust Financial Advisors now owns 3,820 shares of the insurance provider’s stock worth $448,000 after purchasing an additional 93 shares during the last quarter. Finally, Resonant Capital Advisors LLC boosted its holdings in Reinsurance Group of America by 2.2% in the third quarter. Resonant Capital Advisors LLC now owns 4,494 shares of the insurance provider’s stock worth $565,000 after purchasing an additional 95 shares during the last quarter. 96.46% of the stock is owned by institutional investors.

Reinsurance Group of America Stock Up 0.3 %

RGA opened at $135.43 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.13 and a current ratio of 0.13. Reinsurance Group of America, Incorporated has a fifty-two week low of $104.46 and a fifty-two week high of $153.35. The firm’s fifty day moving average is $139.30 and its 200 day moving average is $139.87. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 14.72 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA – Get Rating) last announced its quarterly earnings results on Friday, February 3rd. The insurance provider reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.51 by ($0.52). The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.33 billion. Reinsurance Group of America had a net margin of 3.83% and a return on equity of 16.86%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.56) earnings per share. On average, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 15.62 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Tuesday, February 14th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.20 dividend on an annualized basis and a yield of 2.36%. Reinsurance Group of America’s dividend payout ratio is currently 34.78%.

Analyst Ratings Changes

Several brokerages recently issued reports on RGA. The Goldman Sachs Group raised their target price on shares of Reinsurance Group of America from $147.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, January 9th. StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Friday, March 10th. Evercore ISI upgraded shares of Reinsurance Group of America from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $148.00 to $167.00 in a research note on Thursday, January 5th. Citigroup upgraded shares of Reinsurance Group of America from a “sell” rating to a “buy” rating and lifted their price target for the stock from $133.00 to $158.00 in a research note on Wednesday, March 15th. Finally, Morgan Stanley lifted their price target on shares of Reinsurance Group of America from $145.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 10th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $155.56.

Reinsurance Group of America Company Profile

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Reinsurance Group of America, Inc is a holding company, which engages in the provision of traditional and non-traditional life and health reinsurance products. It operates through the following segments: U.S. and Latin America, Canada, Europe, Middle East, and Africa, Asia Pacific, and Corporate and Other.