Reinsurance Group of America, Incorporated (NYSE:RGA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have earned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $225.92.

RGA has been the subject of several research reports. Raymond James increased their price target on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 24th. Jefferies Financial Group raised their price objective on shares of Reinsurance Group of America from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the company a “neutral” rating in a research note on Thursday. Evercore ISI raised their price objective on shares of Reinsurance Group of America from $225.00 to $241.00 and gave the company an “outperform” rating in a research note on Wednesday, June 26th. Finally, Morgan Stanley reduced their price objective on shares of Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th.

Insider Transactions at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value of $264,734.73. Following the transaction, the executive vice president now directly owns 12,357 shares in the company, valued at $2,705,812.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Reinsurance Group of America

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GHP Investment Advisors Inc. lifted its position in Reinsurance Group of America by 0.7% during the second quarter. GHP Investment Advisors Inc. now owns 9,462 shares of the insurance provider’s stock valued at $1,942,000 after purchasing an additional 62 shares in the last quarter. Covestor Ltd increased its holdings in shares of Reinsurance Group of America by 20.3% in the first quarter. Covestor Ltd now owns 374 shares of the insurance provider’s stock worth $72,000 after purchasing an additional 63 shares during the last quarter. Fiduciary Family Office LLC increased its holdings in shares of Reinsurance Group of America by 3.1% in the second quarter. Fiduciary Family Office LLC now owns 2,550 shares of the insurance provider’s stock worth $523,000 after purchasing an additional 76 shares during the last quarter. GAMMA Investing LLC increased its stake in Reinsurance Group of America by 16.5% during the second quarter. GAMMA Investing LLC now owns 559 shares of the insurance provider’s stock worth $115,000 after acquiring an additional 79 shares during the last quarter. Finally, Hilltop National Bank increased its stake in Reinsurance Group of America by 13.1% during the second quarter. Hilltop National Bank now owns 706 shares of the insurance provider’s stock worth $145,000 after acquiring an additional 82 shares during the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Up 2.5 %

Shares of NYSE RGA opened at $219.94 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52. Reinsurance Group of America has a 12 month low of $140.75 and a 12 month high of $227.87. The firm has a market capitalization of $14.47 billion, a PE ratio of 17.09 and a beta of 0.91. The firm has a fifty day simple moving average of $213.21 and a two-hundred day simple moving average of $205.77.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, August 1st. The insurance provider reported $5.48 EPS for the quarter, topping the consensus estimate of $4.94 by $0.54. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $5.07 billion. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the business earned $4.40 EPS. Equities analysts expect that Reinsurance Group of America will post 21.7 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were paid a $0.89 dividend. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.85. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, August 9th. Reinsurance Group of America’s dividend payout ratio (DPR) is 27.66%.

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.