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

Loomis Sayles & Co. L P cut its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. 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 owned 0.28% of Reinsurance Group of America worth $39,061,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RGA. Spire Wealth Management grew its stake in shares of Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after buying an additional 57 shares in the last quarter. Keybank National Association OH grew its position in Reinsurance Group of America by 2.6% in the fourth quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider’s stock worth $500,000 after acquiring an additional 59 shares in the last quarter. Inspire Investing LLC grew its position in Reinsurance Group of America by 0.5% in the fourth quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider’s stock worth $3,039,000 after acquiring an additional 72 shares in the last quarter. Integrated Investment Consultants LLC increased its stake in Reinsurance Group of America by 2.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider’s stock worth $715,000 after acquiring an additional 77 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Reinsurance Group of America by 38.1% during the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 80 shares during the period. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of RGA stock opened at $201.61 on Friday. Reinsurance Group of America, Incorporated has a twelve month low of $178.84 and a twelve month high of $233.81. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $205.49 and a two-hundred day simple moving average of $213.61. The stock has a market capitalization of $13.31 billion, a price-to-earnings ratio of 18.77 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RGA. Wells Fargo & Company boosted their target price on Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Barclays reduced their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their price target 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. Morgan Stanley reduced their price objective 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 report on Friday, February 14th. Finally, Evercore ISI dropped their target price on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $231.85.

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.