Loomis Sayles & Co. L P Sells 26,836 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Loomis Sayles & Co. L P decreased its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 182,847 shares of the insurance provider's stock after selling 26,836 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.28% of Reinsurance Group of America worth $39,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Reinsurance Group of America by 1.3% in the fourth quarter. JPMorgan Chase & Co. now owns 369,732 shares of the insurance provider's stock worth $78,986,000 after buying an additional 4,779 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Reinsurance Group of America during the 4th quarter worth $237,000. Segall Bryant & Hamill LLC grew its position in shares of Reinsurance Group of America by 0.7% during the 4th quarter. Segall Bryant & Hamill LLC now owns 161,495 shares of the insurance provider's stock valued at $34,500,000 after acquiring an additional 1,163 shares during the period. Vanguard Group Inc. increased its stake in shares of Reinsurance Group of America by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider's stock worth $1,541,121,000 after purchasing an additional 51,733 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in Reinsurance Group of America by 234.7% in the 4th quarter. LPL Financial LLC now owns 108,229 shares of the insurance provider's stock worth $23,121,000 after purchasing an additional 75,891 shares during the period. 95.11% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

Several analysts have issued reports on RGA shares. Piper Sandler cut their price target on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a report on Monday, February 10th. JPMorgan Chase & Co. increased their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Wells Fargo & Company lifted their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Evercore ISI reduced their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Finally, Morgan Stanley lowered their target price on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Reinsurance Group of America has a consensus rating of "Moderate Buy" and a consensus price target of $231.85.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock traded up $0.89 during midday trading on Tuesday, reaching $197.79. 47,259 shares of the stock traded hands, compared to its average volume of 398,108. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 12 month low of $178.84 and a 12 month high of $233.81. The stock's fifty day moving average is $204.41 and its 200-day moving average is $213.44. The stock has a market cap of $13.06 billion, a P/E ratio of 18.40 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts' consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. As a group, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio is 33.15%.

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.