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 thirteen analysts that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $228.31.

A number of brokerages have commented on RGA. JPMorgan Chase & Co. upped their price objective on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Barclays lowered their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Royal Bank of Canada increased their target price on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th.

Institutional Trading of Reinsurance Group of America

Several institutional investors and hedge funds have recently modified their holdings of RGA. Eagle Asset Management Inc. raised its stake in Reinsurance Group of America by 15.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider’s stock valued at $25,297,000 after purchasing an additional 15,289 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Reinsurance Group of America by 4.8% during the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock worth $19,232,000 after buying an additional 4,119 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Reinsurance Group of America by 7.9% during the third quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider’s stock worth $16,862,000 after buying an additional 5,699 shares in the last quarter. Consolidated Planning Corp acquired a new position in shares of Reinsurance Group of America in the third quarter valued at approximately $737,000. Finally, Pacer Advisors Inc. lifted its stake in shares of Reinsurance Group of America by 23.8% during the fourth quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider’s stock valued at $3,077,000 after buying an additional 2,768 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $208.71 on Friday. The stock’s 50-day moving average price is $219.12 and its 200 day moving average price is $217.48. 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 stock has a market capitalization of $13.75 billion, a PE ratio of 19.16 and a beta of 0.93. Reinsurance Group of America has a 52-week low of $165.38 and a 52-week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. As a group, equities research analysts forecast that Reinsurance Group of America will post 21.4 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.71%. Reinsurance Group of America’s dividend payout ratio (DPR) 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.