JPMorgan Chase & Co. Issues Positive Forecast for Reinsurance Group of America (NYSE:RGA) Stock Price

Reinsurance Group of America (NYSE:RGA - Free Report) had its price objective raised by JPMorgan Chase & Co. from $227.00 to $232.00 in a research note released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the insurance provider's stock.

RGA has been the topic of a number of other reports. TD Cowen began coverage on Reinsurance Group of America in a report on Wednesday, October 9th. They issued a "hold" rating and a $235.00 price objective on the stock. Royal Bank of Canada raised their target price on Reinsurance Group of America from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Wells Fargo & Company boosted their price target on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. StockNews.com upgraded Reinsurance Group of America from a "hold" rating to a "buy" rating in a research report on Thursday, October 17th. Finally, Piper Sandler upped their price objective on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $228.31.

Reinsurance Group of America Stock Up 1.5 %

Shares of NYSE RGA traded up $3.24 during trading hours on Tuesday, hitting $221.91. 646,407 shares of the stock were exchanged, compared to its average volume of 550,727. The company has a market cap of $14.62 billion, a PE ratio of 20.38 and a beta of 0.94. Reinsurance Group of America has a 12 month low of $163.81 and a 12 month high of $233.81. 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 firm has a fifty day moving average price of $219.09 and a 200-day moving average price of $215.01.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $5.29 billion. During the same quarter last year, the firm earned $5.57 EPS. The business's quarterly revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts expect that Reinsurance Group of America will post 21.67 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America's payout ratio is 32.69%.

Hedge Funds Weigh In On Reinsurance Group of America

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in shares of Reinsurance Group of America by 8.9% in the third quarter. GAMMA Investing LLC now owns 609 shares of the insurance provider's stock valued at $133,000 after acquiring an additional 50 shares in the last quarter. Resonant Capital Advisors LLC increased its holdings in Reinsurance Group of America by 1.2% during the 3rd quarter. Resonant Capital Advisors LLC now owns 4,368 shares of the insurance provider's stock worth $952,000 after purchasing an additional 53 shares during the period. GHP Investment Advisors Inc. raised its position in Reinsurance Group of America by 0.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 9,462 shares of the insurance provider's stock valued at $1,942,000 after purchasing an additional 62 shares in the last quarter. Baron Wealth Management LLC boosted its stake in shares of Reinsurance Group of America by 4.5% in the 3rd quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider's stock valued at $324,000 after buying an additional 64 shares during the period. Finally, Tectonic Advisors LLC grew its position in shares of Reinsurance Group of America by 3.0% during the third quarter. Tectonic Advisors LLC now owns 2,358 shares of the insurance provider's stock worth $514,000 after buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

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.