Reinsurance Group of America, Incorporated (NYSE:RGA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $239.8889.

A number of brokerages recently issued reports on RGA. Morgan Stanley cut their target price on Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Barclays restated an “overweight” rating and set a $246.00 price objective on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lowered their target price on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Finally, Raymond James Financial downgraded Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday, October 17th.

Hedge Funds Weigh In On Reinsurance Group of America

Several large investors have recently bought and sold shares of RGA. Richard W. Paul & Associates LLC grew its stake in shares of Reinsurance Group of America by 3.7% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,523 shares of the insurance provider’s stock worth $302,000 after acquiring an additional 54 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in Reinsurance Group of America by 1.3% during the third quarter. Rehmann Capital Advisory Group now owns 4,281 shares of the insurance provider’s stock worth $819,000 after purchasing an additional 54 shares during the last quarter. Bessemer Group Inc. grew its position in Reinsurance Group of America by 1.0% in the 3rd quarter. Bessemer Group Inc. now owns 5,776 shares of the insurance provider’s stock worth $1,110,000 after purchasing an additional 58 shares in the last quarter. Xponance Inc. increased its stake in Reinsurance Group of America by 0.8% in the 3rd quarter. Xponance Inc. now owns 7,637 shares of the insurance provider’s stock valued at $1,467,000 after buying an additional 58 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Reinsurance Group of America by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock worth $76,000 after buying an additional 58 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $192.65 on Friday. Reinsurance Group of America has a one year low of $159.25 and a one year high of $232.97. The company has a market cap of $12.66 billion, a PE ratio of 14.82 and a beta of 0.55. The stock has a 50-day moving average of $190.06 and a 200-day moving average of $192.98. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.13 and a quick ratio of 0.13.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.57. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The business had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the prior year, the company earned $6.13 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities research analysts predict that Reinsurance Group of America will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were issued a dividend of $0.93 per share. The ex-dividend date was Monday, November 10th. This represents a $3.72 annualized dividend and a yield of 1.9%. Reinsurance Group of America’s dividend payout ratio is 28.62%.

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.