Reinsurance Group of America (NYSE:RGA) Shares Gap Down After Earnings Miss

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) gapped down before the market opened on Friday following a dissappointing earnings announcement. The stock had previously closed at $230.49, but opened at $214.19. Reinsurance Group of America shares last traded at $214.62, with a volume of 308,741 shares changing hands.

The insurance provider reported $4.99 earnings per share for the quarter, missing analysts' consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.80% and a net margin of 3.24%.

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 issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.80%. Reinsurance Group of America's payout ratio is presently 33.15%.

Analyst Ratings Changes

Several equities analysts have weighed in on RGA shares. StockNews.com upgraded shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a research report on Thursday, October 17th. Royal Bank of Canada reissued an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday. JPMorgan Chase & Co. lifted their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Piper Sandler cut their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Barclays cut their price target 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 assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Reinsurance Group of America has an average rating of "Moderate Buy" and a consensus price target of $228.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Resonant Capital Advisors LLC grew its position in 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 lifted its position in shares of Reinsurance Group of America by 39.0% in 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 period. Keybank National Association OH grew its holdings in shares of 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 worth $500,000 after purchasing an additional 59 shares in the last quarter. Baron Wealth Management LLC increased its position in shares of Reinsurance Group of America by 4.5% during the third 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 period. Finally, Tectonic Advisors LLC raised its stake in shares of Reinsurance Group of America by 3.0% in the third 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 in the last quarter. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

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 50-day moving average of $218.19 and a 200 day moving average of $217.27. The stock has a market capitalization of $13.01 billion, a P/E ratio of 18.44 and a beta of 0.93.

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.