Reinsurance Group of America (NYSE:RGA) Releases Quarterly Earnings Results

Reinsurance Group of America (NYSE:RGA - Get Free Report) released its earnings results on Thursday. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts' consensus estimates of $5.22 by ($0.23), Zacks reports. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.80%.

Reinsurance Group of America Trading Down 3.7 %

RGA stock traded down $7.74 during midday trading on Monday, reaching $200.73. 989,775 shares of the company traded hands, compared to its average volume of 471,968. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 18.69 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. The business has a 50 day moving average of $218.73 and a 200-day moving average of $217.40. Reinsurance Group of America has a 52-week low of $165.38 and a 52-week high of $233.81.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.89 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.77%. Reinsurance Group of America's payout ratio is currently 33.15%.

Analyst Ratings Changes

Several equities analysts have recently commented on RGA shares. JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Barclays lowered their price target on 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday. StockNews.com raised shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. Finally, Piper Sandler cut their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.