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

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $227.77.

Several equities research analysts recently weighed in on RGA shares. Raymond James upped their price objective on shares of 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. TD Cowen initiated coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They issued a "hold" rating and a $235.00 price objective for the company. Barclays boosted their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Piper Sandler lifted their price target on Reinsurance Group of America from $237.00 to $242.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada upped their price objective on Reinsurance Group of America from $235.00 to $245.00 and gave the company an "outperform" rating in a report on Monday, November 4th.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the firm's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the sale, the executive vice president now directly owns 12,357 shares in the company, valued at approximately $2,705,812.29. This trade represents a 8.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.37% of the company's stock.

Hedge Funds Weigh In On Reinsurance Group of America

A number of large investors have recently made changes to their positions in RGA. Earnest Partners LLC grew its position in Reinsurance Group of America by 1.9% during the second quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider's stock valued at $539,476,000 after purchasing an additional 50,228 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of Reinsurance Group of America by 1,208.5% during the 3rd quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider's stock valued at $527,742,000 after buying an additional 2,260,605 shares during the period. Geode Capital Management LLC grew its holdings in shares of Reinsurance Group of America by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider's stock valued at $241,849,000 after acquiring an additional 18,162 shares in the last quarter. Sei Investments Co. increased its stake in shares of Reinsurance Group of America by 5.9% in the second quarter. Sei Investments Co. now owns 825,719 shares of the insurance provider's stock worth $169,497,000 after acquiring an additional 45,709 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI raised its holdings in shares of Reinsurance Group of America by 681.8% during the second quarter. Zurich Insurance Group Ltd FI now owns 507,840 shares of the insurance provider's stock worth $104,244,000 after acquiring an additional 442,883 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA traded up $2.83 during trading hours on Friday, hitting $207.54. The stock had a trading volume of 1,110,194 shares, compared to its average volume of 360,650. The stock's fifty day simple moving average is $219.46 and its 200 day simple moving average is $214.17. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 19.06 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. Reinsurance Group of America has a 1-year low of $159.82 and a 1-year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, October 31st. The insurance provider reported $6.13 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 firm had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.29 billion. During the same period last year, the firm earned $5.57 EPS. The firm's revenue was up 9.7% compared to the same quarter last year. Sell-side analysts anticipate that Reinsurance Group of America will post 21.67 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a $0.89 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.56 annualized dividend and a dividend yield of 1.72%. Reinsurance Group of America's dividend payout ratio (DPR) is presently 32.69%.

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.