Reinsurance Group of America Inc. (NYSE:RGA) has received an average rating of “Hold” from the eleven brokerages that are presently covering the firm. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $101.56.

A number of brokerages have weighed in on RGA. Evercore ISI began coverage on shares of Reinsurance Group of America in a research report on Wednesday, July 6th. They set a “hold” rating and a $92.00 price target for the company. Deutsche Bank AG lifted their price objective on shares of Reinsurance Group of America from $98.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, July 7th. Citigroup Inc. lifted their price objective on shares of Reinsurance Group of America from $97.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, July 7th. Goldman Sachs Group Inc. upgraded shares of Reinsurance Group of America from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $96.00 to $108.00 in a report on Friday, July 15th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Reinsurance Group of America in a report on Wednesday, July 6th.

Reinsurance Group of America (NYSE:RGA) traded up 0.34% on Wednesday, hitting $107.82. 82,309 shares of the company’s stock were exchanged. Reinsurance Group of America has a 12-month low of $76.96 and a 12-month high of $110.89. The company has a market cap of $6.91 billion, a PE ratio of 12.69 and a beta of 1.07. The company’s 50-day moving average price is $104.35 and its 200-day moving average price is $97.95.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/reinsurance-group-of-america-inc-nyserga-given-average-rating-of-hold-by-brokerages.html

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, July 28th. The company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.51. Reinsurance Group of America had a net margin of 5.17% and a return on equity of 9.26%. The business earned $3.04 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the business earned $1.94 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. Analysts forecast that Reinsurance Group of America will post $9.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 30th. Shareholders of record on Tuesday, August 9th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.53%. The ex-dividend date was Friday, August 5th. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.37. Reinsurance Group of America’s payout ratio is 19.25%.

In other news, SVP John W. Hayden sold 1,988 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $105.42, for a total transaction of $209,574.96. Following the completion of the sale, the senior vice president now owns 8,074 shares in the company, valued at approximately $851,161.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO A Greig Woodring sold 31,058 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $100.62, for a total transaction of $3,125,055.96. Following the sale, the chief executive officer now owns 208,353 shares of the company’s stock, valued at approximately $20,964,478.86. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Several hedge funds have recently modified their holdings of RGA. Creative Planning increased its stake in shares of Reinsurance Group of America by 4.7% in the second quarter. Creative Planning now owns 1,136 shares of the company’s stock valued at $110,000 after buying an additional 51 shares in the last quarter. Acrospire Investment Management LLC increased its stake in shares of Reinsurance Group of America by 50.0% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock valued at $116,000 after buying an additional 400 shares in the last quarter. Huntington National Bank bought a new stake in shares of Reinsurance Group of America during the second quarter valued at $150,000. Tower Research Capital LLC TRC bought a new stake in shares of Reinsurance Group of America during the second quarter valued at $161,000. Finally, Seven Eight Capital LLC increased its stake in shares of Reinsurance Group of America by 325.0% in the second quarter. Seven Eight Capital LLC now owns 1,700 shares of the company’s stock valued at $165,000 after buying an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional and non-traditional life and health reinsurance. The Company has geographic-based or function-based segments, including U.S. and Latin America; Canada; Europe, Middle East and Africa; Asia Pacific, and Corporate and Other.

5 Day Chart for NYSE:RGA

Receive News & Ratings for Reinsurance Group of America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reinsurance Group of America Inc. and related companies with MarketBeat.com's FREE daily email newsletter.