Reinsurance Group of America, Incorporated (NYSE:RGA) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the thirteen analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $231.85.

Several equities research analysts have weighed in on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Barclays reduced 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. Evercore ISI lowered their target price on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Wells Fargo & Company upped their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their price objective on 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.

Reinsurance Group of America Price Performance

RGA stock traded up $0.99 during trading on Friday, hitting $196.85. 314,648 shares of the stock traded hands, compared to its average volume of 513,419. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The stock has a market cap of $13.00 billion, a price-to-earnings ratio of 18.33 and a beta of 0.91. Reinsurance Group of America has a one year low of $178.84 and a one year high of $233.81. The company has a 50 day simple moving average of $204.94 and a 200 day simple moving average of $213.54.

Remove Ads

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. Equities analysts expect that Reinsurance Group of America will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.81%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's payout ratio is presently 33.15%.

Institutional Investors Weigh In On Reinsurance Group of America

A number of hedge funds have recently modified their holdings of the business. Colonial Trust Co SC raised its holdings in Reinsurance Group of America by 72.2% during the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock worth $29,000 after buying an additional 57 shares during the period. Private Trust Co. NA lifted its position in Reinsurance Group of America by 333.3% in the 3rd 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 in the last quarter. Spire Wealth Management increased its holdings in Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after purchasing an additional 57 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Reinsurance Group of America in the 4th quarter valued at about $44,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Reinsurance Group of America by 38.1% in the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock valued at $62,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

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.