Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 31.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 193,698 shares of the insurance provider’s stock after purchasing an additional 45,924 shares during the period. Natixis Advisors LLC’s holdings in Reinsurance Group of America were worth $42,201,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. purchased a new stake in Reinsurance Group of America during the 3rd quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new stake in shares of Reinsurance Group of America in the 2nd quarter valued at approximately $28,000. Family Firm Inc. purchased a new stake in shares of Reinsurance Group of America in the 2nd quarter valued at approximately $29,000. New Covenant Trust Company N.A. purchased a new stake in shares of Reinsurance Group of America in the 1st quarter valued at approximately $28,000. Finally, Wolff Wiese Magana LLC purchased a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at approximately $34,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Up 1.1 %

Shares of NYSE:RGA opened at $231.95 on Monday. The stock has a market cap of $15.28 billion, a P/E ratio of 21.30 and a beta of 0.92. The firm has a fifty day moving average price of $217.33 and a 200 day moving average price of $211.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 1-year low of $157.21 and a 1-year high of $233.14.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping analysts’ consensus estimates of $5.31 by $0.82. The firm had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. Reinsurance Group of America’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.57 EPS. Sell-side analysts predict that Reinsurance Group of America, Incorporated will post 21.93 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 1.53%. Reinsurance Group of America’s payout ratio is currently 32.69%.

Analyst Upgrades and Downgrades

RGA has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on shares of Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Keefe, Bruyette & Woods raised shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Raymond James upped their target price on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 24th. Finally, Barclays lowered their target price on shares of Reinsurance Group of America from $255.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $227.38.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the transaction, the executive vice president now owns 12,357 shares in the company, valued at approximately $2,705,812.29. This represents a 8.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.37% of the stock is owned by insiders.

About Reinsurance Group of America

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.