Brokerages Set Reinsurance Group of America, Incorporated (NYSE:RGA) Price Target at $230.15

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $230.15.

A number of brokerages have recently commented on RGA. Piper Sandler lowered their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. 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 note on Monday, February 10th. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods dropped their price target on shares of Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company decreased their price target on shares of Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th.

Hedge Funds Weigh In On Reinsurance Group of America

A number of institutional investors and hedge funds have recently bought and sold shares of RGA. Alliancebernstein L.P. boosted its stake in shares of Reinsurance Group of America by 389.4% in the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock valued at $239,911,000 after purchasing an additional 893,537 shares during the period. Norges Bank acquired a new position in Reinsurance Group of America in the 4th quarter worth $174,082,000. FMR LLC boosted its position in Reinsurance Group of America by 11.1% in the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock valued at $1,205,042,000 after buying an additional 564,693 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Reinsurance Group of America by 54,931.6% during the first quarter. GAMMA Investing LLC now owns 474,923 shares of the insurance provider's stock valued at $93,512,000 after acquiring an additional 474,060 shares in the last quarter. Finally, Tidal Investments LLC increased its position in shares of Reinsurance Group of America by 6,944.4% during the fourth quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider's stock worth $60,963,000 after acquiring an additional 281,317 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Price Performance

RGA stock traded down $3.56 during trading on Thursday, hitting $187.99. The stock had a trading volume of 411,536 shares, compared to its average volume of 407,677. Reinsurance Group of America has a 1-year low of $159.25 and a 1-year high of $233.81. The stock has a market cap of $12.42 billion, a price-to-earnings ratio of 17.50 and a beta of 0.70. The company's 50 day moving average price is $189.55 and its two-hundred day moving average price is $208.44. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15.

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 (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%. On average, sell-side analysts forecast that Reinsurance Group of America will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.89 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.89%. Reinsurance Group of America's payout ratio is currently 33.15%.

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.