Share on StockTwits

Research analysts at Keefe, Bruyette & Woods began coverage on shares of Reinsurance Group of America (NYSE:RGA) in a report released on Monday, AnalystRatingsNetwork reports. The firm set a “market perform” rating and a $83.00 price target on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 7.36% from the stock’s previous close.

Shares of Reinsurance Group of America (NYSE:RGA) traded up 0.25% on Monday, hitting $77.31. 302,112 shares of the company’s stock traded hands. Reinsurance Group of America has a 1-year low of $62.49 and a 1-year high of $81.28. The stock’s 50-day moving average is $78.19 and its 200-day moving average is $75.27. The company has a market cap of $5.374 billion and a price-to-earnings ratio of 14.92.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, April 24th. The company reported $1.61 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.73 by $0.12. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the company posted $1.65 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts predict that Reinsurance Group of America will post $7.71 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, May 30th. Investors of record on Friday, May 9th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Wednesday, May 7th.

RGA has been the subject of a number of other recent research reports. Analysts at Barclays downgraded shares of Reinsurance Group of America from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 16th. They now have a $81.00 price target on the stock, down previously from $88.00. They noted that the move was a valuation call. Analysts at Zacks reiterated an “outperform” rating on shares of Reinsurance Group of America in a research note on Tuesday, February 4th. They now have a $88.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Reinsurance Group of America has a consensus rating of “Hold” and an average price target of $81.67.

Reinsurance Group of America, Incorporated (NYSE:RGA) is an insurance holding company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.