Reinsurance Group of America (NYSE:RGA) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America (NYSE:RGA - Free Report) from a neutral rating to an overweight rating in a research report released on Wednesday morning, Marketbeat.com reports. They currently have $237.00 price target on the insurance provider's stock, up from their previous price target of $232.00.

RGA has been the topic of a number of other research reports. Wells Fargo & Company raised their target price on Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Piper Sandler reduced 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 note on Monday, February 10th. Barclays decreased their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Evercore ISI lowered their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $230.38.

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Reinsurance Group of America Stock Performance

RGA traded down $7.01 during trading on Wednesday, hitting $165.39. The stock had a trading volume of 283,072 shares, compared to its average volume of 403,477. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The firm has a market cap of $10.92 billion, a price-to-earnings ratio of 15.36 and a beta of 0.70. The company has a 50 day moving average price of $201.62 and a 200-day moving average price of $212.66. Reinsurance Group of America has a one year low of $150.00 and a one year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its 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 return on equity of 14.55% and a net margin of 3.24%. As a group, research analysts predict that Reinsurance Group of America will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 2.15%. Reinsurance Group of America's payout ratio is 33.15%.

Institutional Trading of Reinsurance Group of America

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RGA. Colonial Trust Co SC boosted its holdings in Reinsurance Group of America by 72.2% during the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock worth $29,000 after acquiring an additional 57 shares during the last quarter. Spire Wealth Management boosted its holdings in Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after purchasing an additional 57 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Reinsurance Group of America in the 4th quarter worth about $44,000. Versant Capital Management Inc grew its position in Reinsurance Group of America by 38.1% in the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock worth $62,000 after purchasing an additional 80 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in Reinsurance Group of America by 99.4% in the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock valued at $66,000 after buying an additional 155 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

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.