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

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have received an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $227.77.

A number of research firms have issued reports on RGA. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. TD Cowen started coverage on shares of Reinsurance Group of America in a research report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price objective on the stock. Morgan Stanley reduced their target price 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. Royal Bank of Canada raised their price target on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $220.00 to $222.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd.

Insider Activity at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,209 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the sale, the executive vice president now directly owns 12,357 shares in the company, valued at approximately $2,705,812.29. This trade represents a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RGA. 1832 Asset Management L.P. acquired a new stake in shares of Reinsurance Group of America during the first quarter worth $1,953,000. LRI Investments LLC purchased a new stake in Reinsurance Group of America during the first quarter valued at about $33,000. Price T Rowe Associates Inc. MD lifted its stake in Reinsurance Group of America by 22.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 143,178 shares of the insurance provider’s stock valued at $27,617,000 after buying an additional 26,306 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Reinsurance Group of America in the first quarter worth about $12,529,000. Finally, Tidal Investments LLC increased its position in shares of Reinsurance Group of America by 88.5% in the first quarter. Tidal Investments LLC now owns 9,942 shares of the insurance provider’s stock worth $1,918,000 after acquiring an additional 4,667 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA opened at $230.70 on Monday. 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 simple moving average of $219.09 and a 200 day simple moving average of $212.96. Reinsurance Group of America has a fifty-two week low of $157.48 and a fifty-two week high of $233.14. The company has a market cap of $15.19 billion, a PE ratio of 21.18 and a beta of 0.92.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping analysts’ consensus estimates of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The business had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same period in the prior year, the firm earned $5.57 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts anticipate that Reinsurance Group of America will post 21.93 EPS for the current 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 issued a $0.89 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.56 annualized dividend and a dividend yield of 1.54%. Reinsurance Group of America’s dividend payout ratio (DPR) is 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.