Analysts Set Reinsurance Group of America, Incorporated (NYSE:RGA) Price Target at $227.77

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $227.77.

A number of research firms have commented on RGA. Barclays raised their price objective on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday. TD Cowen began coverage on Reinsurance Group of America in a research report on Wednesday, October 9th. They set a "hold" rating and a $235.00 price objective on the stock. Raymond James boosted their price objective on Reinsurance Group of America from $228.00 to $250.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, September 24th. Royal Bank of Canada boosted their price objective on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. lifted their target price on Reinsurance Group of America from $220.00 to $222.00 and gave the stock a "neutral" rating in a report on Thursday, October 3rd.

Reinsurance Group of America Stock Performance

Shares of RGA traded up $2.59 on Monday, reaching $233.29. 118,100 shares of the stock traded hands, compared to its average volume of 354,154. The stock's 50-day moving average price is $219.09 and its 200-day moving average price is $212.96. Reinsurance Group of America has a 12 month low of $157.48 and a 12 month high of $233.81. The firm has a market cap of $15.36 billion, a price-to-earnings ratio of 21.18 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $5.29 billion. During the same quarter in the prior year, the firm posted $5.57 earnings per share. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. Equities analysts forecast that Reinsurance Group of America will post 21.93 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, November 8th. Reinsurance Group of America's dividend payout ratio is currently 32.69%.

Insider Activity

In other news, EVP William L. Hutton sold 1,209 shares of the company'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 owns 12,357 shares of the company's stock, valued at $2,705,812.29. This represents a 8.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.37% of the company's stock.

Institutional Trading of Reinsurance Group of America

A number of large investors have recently made changes to their positions in RGA. Armstrong Advisory Group Inc. purchased a new stake in shares of Reinsurance Group of America in the third quarter valued at $25,000. New Covenant Trust Company N.A. acquired a new position in shares of Reinsurance Group of America during the first quarter worth approximately $28,000. International Assets Investment Management LLC acquired a new position in shares of Reinsurance Group of America during the second quarter worth approximately $28,000. Family Firm Inc. bought a new stake in shares of Reinsurance Group of America during the 2nd quarter worth $29,000. Finally, LRI Investments LLC bought a new stake in shares of Reinsurance Group of America during the 1st quarter worth $33,000. 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.