Reinsurance Group of America, Incorporated (NYSE:RGA) has been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $141.13.

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada restated a “hold” rating and issued a $134.00 target price on shares of Reinsurance Group of America in a report on Tuesday, October 10th. Goldman Sachs Group assumed coverage on shares of Reinsurance Group of America in a report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 target price on the stock. Wells Fargo & Company restated a “hold” rating and issued a $131.00 target price on shares of Reinsurance Group of America in a report on Thursday, October 26th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $148.00 target price on shares of Reinsurance Group of America in a report on Friday, November 10th. Finally, Citigroup set a $171.00 target price on shares of Reinsurance Group of America and gave the stock a “buy” rating in a report on Tuesday, November 21st.

In related news, Director Christine Rose Detrick sold 659 shares of Reinsurance Group of America stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $149.50, for a total transaction of $98,520.50. Following the transaction, the director now owns 4,023 shares in the company, valued at approximately $601,438.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of Reinsurance Group of America stock in a transaction on Monday, November 6th. The shares were sold at an average price of $149.96, for a total transaction of $149,960.00. Following the transaction, the executive vice president now owns 27,277 shares in the company, valued at approximately $4,090,458.92. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RGA. IFP Advisors Inc bought a new stake in Reinsurance Group of America in the 2nd quarter valued at $207,000. Canada Pension Plan Investment Board increased its holdings in Reinsurance Group of America by 14.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 10,200 shares of the insurance provider’s stock valued at $1,310,000 after acquiring an additional 1,300 shares during the last quarter. Arizona State Retirement System increased its holdings in Reinsurance Group of America by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 27,100 shares of the insurance provider’s stock valued at $3,479,000 after acquiring an additional 300 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Reinsurance Group of America by 61.9% in the 2nd quarter. First Trust Advisors LP now owns 165,763 shares of the insurance provider’s stock worth $21,282,000 after buying an additional 63,380 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Reinsurance Group of America by 8.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 39,667 shares of the insurance provider’s stock worth $5,156,000 after buying an additional 2,960 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

Shares of Reinsurance Group of America (NYSE:RGA) traded down $1.18 during midday trading on Thursday, hitting $156.53. 344,694 shares of the company’s stock were exchanged, compared to its average volume of 322,107. Reinsurance Group of America has a fifty-two week low of $121.93 and a fifty-two week high of $165.12. The company has a market capitalization of $10,327.83, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.34.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.82. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.08 billion. Reinsurance Group of America had a net margin of 6.44% and a return on equity of 9.32%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.46 earnings per share. research analysts forecast that Reinsurance Group of America will post 11.07 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Tuesday, November 7th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Monday, November 6th. Reinsurance Group of America’s dividend payout ratio (DPR) is 16.46%.

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Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

Analyst Recommendations for Reinsurance Group of America (NYSE:RGA)

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