Reinsurance Group of America, Incorporated (NYSE:RGA) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have earned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $228.31.

RGA has been the subject of several research analyst reports. Barclays cut their price objective 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. JPMorgan Chase & Co. upped their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company lifted their price objective on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Finally, TD Cowen started coverage on Reinsurance Group of America in a research note on Wednesday, October 9th. They set a “hold” rating and a $235.00 price objective for the company.

Institutional Trading of Reinsurance Group of America

Institutional investors have recently bought and sold shares of the company. Earnest Partners LLC lifted its holdings in shares of Reinsurance Group of America by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider’s stock valued at $539,476,000 after buying an additional 50,228 shares during the last quarter. WCM Investment Management LLC raised its position in Reinsurance Group of America by 1,208.5% during the third quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider’s stock valued at $527,742,000 after acquiring an additional 2,260,605 shares in the last quarter. Geode Capital Management LLC lifted its stake in Reinsurance Group of America by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider’s stock valued at $241,849,000 after acquiring an additional 18,162 shares during the last quarter. Sei Investments Co. grew its position in Reinsurance Group of America by 5.9% in the second quarter. Sei Investments Co. now owns 825,719 shares of the insurance provider’s stock worth $169,497,000 after acquiring an additional 45,709 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI raised its holdings in shares of Reinsurance Group of America by 681.8% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 507,840 shares of the insurance provider’s stock valued at $104,244,000 after purchasing an additional 442,883 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $214.40 on Tuesday. The firm has a market capitalization of $14.12 billion, a PE ratio of 19.69 and a beta of 0.94. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $219.74 and a 200 day moving average price of $215.45. Reinsurance Group of America has a 52-week low of $163.81 and a 52-week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, beating analysts’ consensus estimates of $5.31 by $0.82. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned $5.57 earnings per share. On average, sell-side analysts anticipate that Reinsurance Group of America will post 21.67 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio is currently 32.69%.

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.