Reinsurance Group of America (NYSE:RGA) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Reinsurance Group of America, Incorporated (NYSE:RGA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $214.72 and traded as high as $215.10. Reinsurance Group of America shares last traded at $213.63, with a volume of 401,322 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Raymond James lifted their target price on Reinsurance Group of America from $228.00 to $250.00 and gave the stock a “strong-buy” rating in a report on Tuesday, September 24th. Barclays upped their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Royal Bank of Canada lifted their price objective on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, TD Cowen started coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 9th. They set a “hold” rating and a $235.00 target price on the stock. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $227.77.

Reinsurance Group of America Stock Performance

The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market cap of $14.07 billion, a P/E ratio of 19.62 and a beta of 0.93. The business’s 50-day moving average price is $218.74 and its 200-day moving average price is $214.72.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly 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 return on equity of 15.01% and a net margin of 3.32%. The business had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter in the prior year, the business posted $5.57 earnings per share. The business’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 21.67 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.67%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio is currently 32.69%.

Institutional Trading of Reinsurance Group of America

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new stake in Reinsurance Group of America in the 3rd quarter worth $25,000. International Assets Investment Management LLC purchased a new stake in shares of Reinsurance Group of America during the second quarter worth about $28,000. Private Trust Co. NA raised its stake in Reinsurance Group of America by 333.3% during the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 120 shares during the period. Wolff Wiese Magana LLC purchased a new position in Reinsurance Group of America in the 3rd quarter worth approximately $34,000. Finally, Strengthening Families & Communities LLC purchased a new stake in Reinsurance Group of America during the 3rd quarter valued at approximately $36,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

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.