Loomis Sayles & Co. L P Grows Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Loomis Sayles & Co. L P raised its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,683 shares of the insurance provider’s stock after purchasing an additional 649 shares during the period. Loomis Sayles & Co. L P’s holdings in Reinsurance Group of America were worth $45,683,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RGA. Armstrong Advisory Group Inc. bought a new position in shares of Reinsurance Group of America in the third quarter worth $25,000. New Covenant Trust Company N.A. bought a new position in Reinsurance Group of America in the 1st quarter worth about $28,000. International Assets Investment Management LLC purchased a new position in Reinsurance Group of America during the 2nd quarter valued at about $28,000. Family Firm Inc. bought a new stake in shares of Reinsurance Group of America during the second quarter valued at about $29,000. Finally, LRI Investments LLC bought a new position in shares of Reinsurance Group of America in the first quarter valued at approximately $33,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the sale, the executive vice president now directly owns 12,357 shares in the company, valued at $2,705,812.29. The trade was a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.37% of the stock is currently owned by insiders.

Reinsurance Group of America Trading Up 0.3 %

RGA stock opened at $231.43 on Tuesday. Reinsurance Group of America, Incorporated has a one year low of $157.48 and a one year high of $233.81. The company has a market capitalization of $15.24 billion, a PE ratio of 21.25 and a beta of 0.92. The company’s 50 day moving average price is $219.35 and its two-hundred day moving average price is $213.14. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17.

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

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, November 8th. Reinsurance Group of America’s dividend payout ratio (DPR) is 32.69%.

Analyst Upgrades and Downgrades

Several brokerages have commented on RGA. TD Cowen started coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price target for the company. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Barclays lifted their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Piper Sandler lifted their target price on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $227.77.

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.