Reinsurance Group of America (NYSE:RGA) Price Target Lowered to $233.00 at Morgan Stanley

Reinsurance Group of America (NYSE:RGA - Free Report) had its target price trimmed by Morgan Stanley from $245.00 to $233.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the insurance provider's stock.

A number of other research analysts also recently commented on the company. Barclays reduced their target price 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. Piper Sandler lowered their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. StockNews.com raised shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. increased 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 note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and an average target price of $228.08.

Reinsurance Group of America Trading Up 0.6 %

RGA traded up $1.16 during midday trading on Friday, hitting $201.01. The company's stock had a trading volume of 566,698 shares, compared to its average volume of 537,084. Reinsurance Group of America has a 52-week low of $167.80 and a 52-week high of $233.81. The firm has a 50-day moving average price of $216.09 and a two-hundred day moving average price of $216.45. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The firm has a market cap of $13.24 billion, a P/E ratio of 18.72 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.80% and a net margin of 3.24%. On average, research analysts anticipate that Reinsurance Group of America will post 23.14 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.89 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 1.77%. Reinsurance Group of America's dividend payout ratio (DPR) is presently 33.15%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RGA. Colonial Trust Co SC grew its position in Reinsurance Group of America by 72.2% in the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after buying an additional 57 shares in the last quarter. Wolff Wiese Magana LLC bought a new position in shares of Reinsurance Group of America in the third quarter valued at approximately $34,000. Private Trust Co. NA increased its stake in shares of Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock valued at $34,000 after acquiring an additional 120 shares during the period. Strengthening Families & Communities LLC acquired a new position in shares of Reinsurance Group of America during the third quarter valued at approximately $36,000. Finally, Capital Performance Advisors LLP bought a new stake in Reinsurance Group of America during the third quarter worth approximately $37,000. 95.11% of the stock is owned by institutional investors and hedge funds.

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.