Analysts Set Reinsurance Group of America, Incorporated (NYSE:RGA) Price Target at $228.31

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $228.31.

A number of equities analysts have issued reports on RGA shares. Raymond James upped their target price on Reinsurance Group of America from $228.00 to $250.00 and gave the stock a "strong-buy" rating in a report on Tuesday, September 24th. Barclays lowered their price target on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. StockNews.com raised shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. JPMorgan Chase & Co. upped their price objective on 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. Finally, 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 target price on the stock.

Institutional Trading of Reinsurance Group of America

Hedge funds have recently added to or reduced their stakes in the company. Eagle Asset Management Inc. lifted its holdings in Reinsurance Group of America by 15.7% in the third quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider's stock worth $25,297,000 after purchasing an additional 15,289 shares during the period. Sanctuary Advisors LLC acquired a new position in Reinsurance Group of America during the 2nd quarter worth $1,925,000. Insight Wealth Strategies LLC acquired a new stake in Reinsurance Group of America during the 3rd quarter worth $3,548,000. Oppenheimer Asset Management Inc. increased its stake in Reinsurance Group of America by 23.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 31,798 shares of the insurance provider's stock valued at $6,527,000 after buying an additional 6,144 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Reinsurance Group of America by 4.8% in the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider's stock valued at $19,232,000 after buying an additional 4,119 shares in the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Price Performance

RGA stock traded up $5.66 during midday trading on Tuesday, reaching $219.81. The stock had a trading volume of 173,397 shares, compared to its average volume of 474,849. The company's fifty day simple moving average is $219.74 and its 200 day simple moving average is $215.45. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 20.18 and a beta of 0.94. Reinsurance Group of America has a 52-week low of $163.81 and a 52-week high of $233.81. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45.

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 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 company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the previous year, the firm posted $5.57 EPS. Reinsurance Group of America's revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts predict that Reinsurance Group of America will post 21.67 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America's payout ratio is 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.