Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $170.19 and last traded at $172.95, with a volume of 258733 shares. The stock had previously closed at $187.11.
Analysts Set New Price Targets
Several equities analysts recently commented on RGA shares. Morgan Stanley decreased their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. UBS Group reaffirmed a "neutral" rating and set a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Barclays dropped 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. Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Three equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $230.38.
Read Our Latest Report on RGA
Reinsurance Group of America Price Performance
The firm has a market capitalization of $10.98 billion, a PE ratio of 15.42 and a beta of 0.70. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $201.62 and a 200 day moving average price of $212.66.
Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. Equities analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.
Reinsurance Group of America Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.89 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 2.14%. Reinsurance Group of America's dividend payout ratio (DPR) is currently 33.15%.
Institutional Trading of Reinsurance Group of America
Institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. boosted its stake in Reinsurance Group of America by 389.4% during the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock worth $239,911,000 after purchasing an additional 893,537 shares during the last quarter. Norges Bank purchased a new position in shares of Reinsurance Group of America in the fourth quarter worth about $174,082,000. FMR LLC boosted its position in 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 acquiring an additional 564,693 shares during the last quarter. Tidal Investments LLC grew its stake in Reinsurance Group of America by 6,944.4% during the 4th quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider's stock valued at $60,963,000 after acquiring an additional 281,317 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Reinsurance Group of America by 34.4% in the 4th quarter. Invesco Ltd. now owns 944,635 shares of the insurance provider's stock valued at $201,802,000 after acquiring an additional 241,669 shares during the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.
About Reinsurance Group of America
(
Get Free Report)
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.
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