Reinsurance Group of America Inc (RGA) Receives Consensus Recommendation of “Hold” from Analysts

Reinsurance Group of America Inc (NYSE:RGA) has been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $150.43.

A number of research analysts have issued reports on the company. Royal Bank of Canada reissued a “hold” rating and issued a $165.00 target price on shares of Reinsurance Group of America in a research note on Friday, December 8th. Wells Fargo & Co reissued a “market perform” rating and issued a $165.00 target price (up from $160.00) on shares of Reinsurance Group of America in a research note on Wednesday. Zacks Investment Research cut Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Citigroup set a $171.00 price objective on Reinsurance Group of America and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $148.00 price objective on shares of Reinsurance Group of America in a research report on Friday, November 10th.

In related news, EVP John P. Laughlin, Jr. sold 1,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $149.96, for a total transaction of $149,960.00. Following the sale, the executive vice president now owns 27,277 shares in the company, valued at $4,090,458.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John P. Laughlin, Jr. sold 500 shares of the company’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $155.60, for a total value of $77,800.00. Following the sale, the executive vice president now owns 26,777 shares in the company, valued at approximately $4,166,501.20. The disclosure for this sale can be found here. 1.47% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RGA. Toronto Dominion Bank raised its holdings in Reinsurance Group of America by 11.7% during the second quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock worth $101,000 after acquiring an additional 83 shares in the last quarter. Fieldpoint Private Securities LLC bought a new stake in Reinsurance Group of America during the third quarter worth about $113,000. D.A. Davidson & CO. raised its holdings in Reinsurance Group of America by 27.3% during the second quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock worth $148,000 after acquiring an additional 248 shares in the last quarter. Halsey Associates Inc. CT bought a new stake in Reinsurance Group of America during the third quarter worth about $205,000. Finally, Foster & Motley Inc. bought a new stake in Reinsurance Group of America during the fourth quarter worth about $207,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Reinsurance Group of America (RGA) traded down $4.33 during trading hours on Friday, reaching $155.47. The company’s stock had a trading volume of 238,452 shares, compared to its average volume of 321,085. Reinsurance Group of America has a 1 year low of $121.93 and a 1 year high of $165.12. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $10,096.41 and a PE ratio of 5.61.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Monday, January 29th. The insurance provider reported $2.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.24). Reinsurance Group of America had a net margin of 14.56% and a return on equity of 8.62%. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.22 billion. During the same period in the previous year, the firm posted $2.92 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. equities analysts expect that Reinsurance Group of America will post 12.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 1.29%. Reinsurance Group of America’s dividend payout ratio is currently 7.22%.

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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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