Reinsurance Group of America, Incorporated (NYSE:RGA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $255.50.

RGA has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $264.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Evercore reaffirmed an “outperform” rating and issued a $267.00 price target on shares of Reinsurance Group of America in a report on Monday, May 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, UBS Group boosted their target price on shares of Reinsurance Group of America from $220.00 to $236.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th.

Insider Buying and Selling

In other news, EVP Ronald Herrmann sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $210.58, for a total value of $1,474,060.00. Following the completion of the sale, the executive vice president directly owned 3,938 shares in the company, valued at approximately $829,264.04. The trade was a 64.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John W. Hayden sold 414 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total value of $88,989.30. Following the sale, the executive vice president directly owned 20,949 shares in the company, valued at approximately $4,502,987.55. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Reinsurance Group of America

Institutional investors have recently added to or reduced their stakes in the business. Activest Wealth Management acquired a new stake in shares of Reinsurance Group of America during the fourth quarter worth $30,000. Tobam boosted its holdings in shares of Reinsurance Group of America by 244.7% in the 4th quarter. Tobam now owns 162 shares of the insurance provider’s stock valued at $33,000 after buying an additional 115 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Reinsurance Group of America in the 4th quarter valued at about $35,000. Advisory Services Network LLC bought a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at about $38,000. Finally, Entrust Financial LLC bought a new stake in shares of Reinsurance Group of America during the 4th quarter valued at about $40,000. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Trading Up 0.7%

Shares of RGA opened at $241.60 on Friday. The company has a market capitalization of $15.83 billion, a P/E ratio of 13.09 and a beta of 0.47. Reinsurance Group of America has a one year low of $165.52 and a one year high of $244.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a 50-day moving average price of $213.97 and a 200 day moving average price of $209.65.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 earnings per share for the quarter, beating analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same quarter last year, the firm earned $5.66 EPS. Reinsurance Group of America’s quarterly revenue was up 23.5% on a year-over-year basis. Sell-side analysts forecast that Reinsurance Group of America will post 26.86 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.93 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.72 annualized dividend and a yield of 1.5%. Reinsurance Group of America’s dividend payout ratio is presently 20.15%.

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.