Reinsurance Group of America, Incorporated (NYSE:RGA) Given Average Rating of "Moderate Buy" by Brokerages

Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $229.62.

Several equities research analysts have issued reports on RGA shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. Barclays lowered their target price on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Piper Sandler reduced their price target 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. Morgan Stanley decreased their price target on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Finally, 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.

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Reinsurance Group of America Stock Down 1.1 %

Shares of NYSE:RGA traded down $2.20 during mid-day trading on Wednesday, reaching $190.80. 548,553 shares of the stock were exchanged, compared to its average volume of 532,415. The stock's 50 day simple moving average is $212.57 and its 200-day simple moving average is $215.71. Reinsurance Group of America has a one year low of $178.84 and a one year high of $233.81. The company has a market cap of $12.60 billion, a P/E ratio of 17.77 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46.

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

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's payout ratio is presently 33.15%.

Institutional Trading of Reinsurance Group of America

Several hedge funds and other institutional investors have recently modified their holdings of RGA. Vanguard Group Inc. lifted its position in Reinsurance Group of America by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider's stock worth $1,541,121,000 after acquiring an additional 51,733 shares during the last quarter. FMR LLC increased its stake in shares of Reinsurance Group of America by 11.1% during the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock worth $1,205,042,000 after purchasing an additional 564,693 shares during the period. WCM Investment Management LLC lifted its holdings in Reinsurance Group of America by 1.4% during the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider's stock worth $526,911,000 after purchasing an additional 33,082 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Reinsurance Group of America by 389.4% in the 4th 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. Finally, Geode Capital Management LLC grew its holdings in Reinsurance Group of America by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider's stock valued at $238,031,000 after buying an additional 4,106 shares in the last quarter. Institutional investors own 95.11% of the company's stock.

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.