Reinsurance Group of America Inc (RGA) Shares Sold by Natixis

Natixis trimmed its holdings in shares of Reinsurance Group of America Inc (NYSE:RGA) by 13.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,274 shares of the insurance provider’s stock after selling 366 shares during the quarter. Natixis’ holdings in Reinsurance Group of America were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in RGA. Sei Investments Co. grew its stake in Reinsurance Group of America by 21.3% during the 4th quarter. Sei Investments Co. now owns 47,905 shares of the insurance provider’s stock worth $7,470,000 after buying an additional 8,400 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Reinsurance Group of America during the 4th quarter worth $217,000. Eaton Vance Management purchased a new position in Reinsurance Group of America during the 4th quarter worth $1,035,000. Quadrature Capital Ltd purchased a new position in Reinsurance Group of America during the 4th quarter worth $496,000. Finally, Carillon Tower Advisers Inc. purchased a new position in Reinsurance Group of America during the 4th quarter worth $5,557,000. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Several analysts have weighed in on the company. Wells Fargo & Co set a $165.00 price target on Reinsurance Group of America and gave the company a “hold” rating in a research note on Thursday, April 26th. Zacks Investment Research upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research note on Tuesday, April 3rd. UBS Group assumed coverage on Reinsurance Group of America in a research note on Friday, March 2nd. They set a “neutral” rating and a $168.00 price target on the stock. ValuEngine downgraded Reinsurance Group of America from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, Credit Suisse Group assumed coverage on Reinsurance Group of America in a research note on Wednesday, April 25th. They set a “neutral” rating and a $164.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Reinsurance Group of America has an average rating of “Hold” and an average target price of $159.78.

Reinsurance Group of America opened at $136.37 on Wednesday, MarketBeat reports. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.31. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.33 and a beta of 0.73. Reinsurance Group of America Inc has a fifty-two week low of $126.33 and a fifty-two week high of $165.12.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, April 26th. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.48 by ($0.87). The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.08 billion. Reinsurance Group of America had a net margin of 14.01% and a return on equity of 8.04%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $1.86 EPS. research analysts forecast that Reinsurance Group of America Inc will post 11.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 29th. Stockholders of record on Tuesday, May 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, May 7th. This represents a $2.00 annualized dividend and a dividend yield of 1.47%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 18.45%.

In other news, EVP Alain Neemeh sold 2,955 shares of the business’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $153.66, for a total value of $454,065.30. Following the completion of the transaction, the executive vice president now owns 37,492 shares of the company’s stock, valued at approximately $5,761,020.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director J Cliff Eason sold 2,991 shares of the business’s stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $150.84, for a total value of $451,162.44. Following the completion of the transaction, the director now directly owns 8,800 shares of the company’s stock, valued at approximately $1,327,392. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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