Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $214.72 and traded as high as $215.10. Reinsurance Group of America shares last traded at $213.63, with a volume of 401,322 shares.
Analyst Upgrades and Downgrades
RGA has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, October 3rd. Barclays upped their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. TD Cowen started coverage on Reinsurance Group of America in a report on Wednesday, October 9th. They set a "hold" rating and a $235.00 price target on the stock. Raymond James upped their price objective on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the company a "strong-buy" rating in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the stock a "neutral" rating in a research note on Thursday, October 3rd. 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $227.77.
Read Our Latest Stock Report on Reinsurance Group of America
Reinsurance Group of America Price Performance
The stock has a market cap of $14.07 billion, a price-to-earnings ratio of 19.62 and a beta of 0.93. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The company's fifty day moving average is $218.76 and its two-hundred day moving average is $214.71.
Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, beating analysts' consensus estimates of $5.31 by $0.82. The business had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The company's revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $5.57 earnings per share. As a group, research analysts predict that Reinsurance Group of America, Incorporated will post 21.67 earnings per share for the current year.
Reinsurance Group of America Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.89 per share. The ex-dividend date was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 1.67%. Reinsurance Group of America's dividend payout ratio (DPR) is presently 32.69%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Armstrong Advisory Group Inc. purchased a new position in Reinsurance Group of America in the third quarter valued at $25,000. International Assets Investment Management LLC purchased a new position in shares of Reinsurance Group of America in the 2nd quarter valued at about $28,000. Private Trust Co. NA grew its position in shares of Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock worth $34,000 after buying an additional 120 shares in the last quarter. Wolff Wiese Magana LLC purchased a new stake in shares of Reinsurance Group of America during the third quarter worth approximately $34,000. Finally, Strengthening Families & Communities LLC acquired a new stake in Reinsurance Group of America in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 95.11% of the company's stock.
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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