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

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have received an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $238.6667.

Several research analysts have weighed in on RGA shares. Morgan Stanley set a $208.00 price target on Reinsurance Group of America in a research report on Monday, December 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Barclays set a $237.00 price target on shares of Reinsurance Group of America in a research report on Thursday, January 8th. Raymond James Financial downgraded shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research report on Friday, October 17th. Finally, Wells Fargo & Company upped their target price on shares of Reinsurance Group of America from $237.00 to $238.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th.

Reinsurance Group of America Trading Down 0.6%

Reinsurance Group of America stock opened at $194.98 on Friday. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 15.00 and a beta of 0.55. The firm has a 50-day moving average of $197.41 and a 200-day moving average of $193.12. 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 has a one year low of $159.25 and a one year high of $232.97.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $6.02 billion. During the same quarter in the previous year, the business earned $6.13 earnings per share. Reinsurance Group of America’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities analysts expect that Reinsurance Group of America will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were paid a $0.93 dividend. 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 currently 28.62%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RGA. WCM Investment Management LLC increased its holdings in shares of Reinsurance Group of America by 3.6% during the 3rd quarter. WCM Investment Management LLC now owns 2,734,458 shares of the insurance provider’s stock worth $519,356,000 after acquiring an additional 94,479 shares during the last quarter. American Century Companies Inc. lifted its holdings in Reinsurance Group of America by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 2,369,057 shares of the insurance provider’s stock valued at $455,167,000 after purchasing an additional 324,239 shares during the last quarter. State Street Corp boosted its position in Reinsurance Group of America by 2.8% during the third quarter. State Street Corp now owns 2,346,447 shares of the insurance provider’s stock worth $450,823,000 after purchasing an additional 64,296 shares during the period. Geode Capital Management LLC increased its holdings in shares of Reinsurance Group of America by 4.6% in the second quarter. Geode Capital Management LLC now owns 1,219,609 shares of the insurance provider’s stock valued at $241,960,000 after purchasing an additional 53,211 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Reinsurance Group of America by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,098,564 shares of the insurance provider’s stock valued at $211,054,000 after purchasing an additional 49,323 shares during the period. 95.11% of the stock is currently owned by institutional investors.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.