Loomis Sayles & Co. L P Decreases Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Loomis Sayles & Co. L P lowered its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 12.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 182,847 shares of the insurance provider’s stock after selling 26,836 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Reinsurance Group of America were worth $39,061,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RGA. Vanguard Group Inc. increased its position in Reinsurance Group of America by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider’s stock valued at $1,541,121,000 after buying an additional 51,733 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of Reinsurance Group of America by 1.4% during the fourth quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider’s stock valued at $526,911,000 after acquiring an additional 33,082 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Reinsurance Group of America by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider’s stock valued at $241,849,000 after purchasing an additional 18,162 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Reinsurance Group of America by 1.3% in the 4th quarter. JPMorgan Chase & Co. now owns 369,732 shares of the insurance provider’s stock worth $78,986,000 after purchasing an additional 4,779 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Reinsurance Group of America by 8.2% during the 3rd quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider’s stock worth $79,872,000 after purchasing an additional 27,931 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

RGA opened at $201.61 on Friday. The firm has a fifty day moving average price of $205.49 and a 200 day moving average price of $213.61. Reinsurance Group of America, Incorporated has a 1 year low of $178.84 and a 1 year high of $233.81. The stock has a market cap of $13.31 billion, a P/E ratio of 18.77 and a beta of 0.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data 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 return on equity of 14.55% and a net margin of 3.24%. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.77%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s payout ratio is currently 33.15%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. Morgan Stanley cut their price objective 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. Barclays decreased their target price on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company increased their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $231.85.

Reinsurance Group of America Company 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.