Reinsurance Group of America, Incorporated (NYSE:RGA) to Issue $0.89 Quarterly Dividend

Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.89 per share by the insurance provider on Tuesday, March 4th. This represents a $3.56 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, February 18th.

Reinsurance Group of America has raised its dividend by an average of 6.8% per year over the last three years and has increased its dividend every year for the last 15 years. Reinsurance Group of America has a dividend payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Reinsurance Group of America to earn $25.22 per share next year, which means the company should continue to be able to cover its $3.56 annual dividend with an expected future payout ratio of 14.1%.

Reinsurance Group of America Trading Down 3.7 %

Shares of NYSE:RGA traded down $7.74 during trading on Monday, reaching $200.73. The stock had a trading volume of 989,775 shares, compared to its average volume of 471,968. Reinsurance Group of America has a fifty-two week low of $165.38 and a fifty-two week high of $233.81. The business has a fifty day moving average price of $218.73 and a 200-day moving average price of $217.40. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The stock has a market cap of $13.22 billion, a P/E ratio of 18.69 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.80%. As a group, analysts anticipate that Reinsurance Group of America will post 23.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RGA has been the subject of several analyst reports. StockNews.com raised Reinsurance Group of America from a "hold" rating to a "buy" rating in a research report on Thursday, October 17th. Barclays cut their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday. JPMorgan Chase & Co. increased their target price 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. Finally, Piper Sandler cut their price target on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $228.31.

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.