Piper Sandler Has Lowered Expectations for Reinsurance Group of America (NYSE:RGA) Stock Price

Reinsurance Group of America (NYSE:RGA - Free Report) had its price target reduced by Piper Sandler from $252.00 to $242.00 in a report issued on Monday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the insurance provider's stock.

Several other research analysts also recently commented on RGA. StockNews.com raised Reinsurance Group of America from a "hold" rating to a "buy" rating in a research report on Thursday, October 17th. Royal Bank of Canada boosted their target price on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. increased their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Finally, Barclays dropped their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $228.31.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA traded up $6.74 during trading hours on Monday, hitting $205.80. 535,358 shares of the stock were exchanged, compared to its average volume of 507,755. Reinsurance Group of America has a one year low of $166.21 and a one year high of $233.81. The company's 50 day moving average is $217.14 and its 200 day moving average is $216.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $13.56 billion, a P/E ratio of 19.14 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly 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%. On average, research analysts expect that Reinsurance Group of America will post 23.14 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is currently 33.15%.

Hedge Funds Weigh In On Reinsurance Group of America

Several institutional investors have recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC increased its holdings in shares of Reinsurance Group of America by 1.2% during the third quarter. Resonant Capital Advisors LLC now owns 4,368 shares of the insurance provider's stock worth $952,000 after buying an additional 53 shares in the last quarter. Spire Wealth Management grew its position in Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after acquiring an additional 57 shares during the last quarter. Keybank National Association OH increased its holdings in Reinsurance Group of America by 2.6% during the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock valued at $500,000 after purchasing an additional 59 shares in the last quarter. Baron Wealth Management LLC raised its position in 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 purchasing an additional 64 shares during the last quarter. Finally, Tectonic Advisors LLC raised its position in Reinsurance Group of America by 3.0% in the 3rd quarter. Tectonic Advisors LLC now owns 2,358 shares of the insurance provider's stock valued at $514,000 after purchasing an additional 69 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

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.