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

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $193.23.

Several analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Reinsurance Group of America from $170.00 to $189.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Wells Fargo & Company lifted their price target on Reinsurance Group of America from $193.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday. Piper Sandler increased their price objective on Reinsurance Group of America from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Evercore ISI lifted their target price on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, UBS Group boosted their target price on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the stock a “buy” rating in a research report on Wednesday.

Reinsurance Group of America Trading Down 0.3 %

Shares of NYSE RGA opened at $184.38 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.48. Reinsurance Group of America has a one year low of $133.13 and a one year high of $196.25. The business has a 50-day moving average price of $180.89 and a two-hundred day moving average price of $166.50. The firm has a market capitalization of $12.12 billion, a PE ratio of 13.73 and a beta of 0.89.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, topping the consensus estimate of $4.40 by $0.33. The business had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company posted $2.99 earnings per share. As a group, analysts predict that Reinsurance Group of America will post 19.38 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Monday, February 12th. Reinsurance Group of America’s dividend payout ratio is currently 25.32%.

Insider Transactions at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,908 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the completion of the sale, the executive vice president now owns 13,363 shares in the company, valued at approximately $2,429,927.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Todd C. Larson sold 2,966 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total transaction of $542,422.08. Following the transaction, the chief financial officer now owns 49,549 shares in the company, valued at approximately $9,061,521.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP William L. Hutton sold 1,908 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total transaction of $346,950.72. Following the completion of the sale, the executive vice president now owns 13,363 shares of the company’s stock, valued at approximately $2,429,927.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,462 shares of company stock worth $1,162,239. Company insiders own 1.31% of the company’s stock.

Hedge Funds Weigh In On Reinsurance Group of America

Large investors have recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC raised its stake in shares of Reinsurance Group of America by 129,207.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 12,117,433 shares of the insurance provider’s stock valued at $1,721,766,000 after buying an additional 12,108,062 shares in the last quarter. Vanguard Group Inc. lifted its stake in Reinsurance Group of America by 1.5% during the third quarter. Vanguard Group Inc. now owns 7,350,810 shares of the insurance provider’s stock worth $1,067,264,000 after purchasing an additional 110,877 shares during the period. American Century Companies Inc. boosted its holdings in Reinsurance Group of America by 7.3% during the third quarter. American Century Companies Inc. now owns 2,605,471 shares of the insurance provider’s stock valued at $378,288,000 after purchasing an additional 177,299 shares in the last quarter. State Street Corp grew its stake in shares of Reinsurance Group of America by 4.7% in the 1st quarter. State Street Corp now owns 2,411,086 shares of the insurance provider’s stock valued at $263,917,000 after purchasing an additional 108,922 shares during the period. Finally, Earnest Partners LLC raised its holdings in shares of Reinsurance Group of America by 2.7% in the 3rd quarter. Earnest Partners LLC now owns 2,371,076 shares of the insurance provider’s stock worth $344,257,000 after buying an additional 62,045 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

About Reinsurance Group of America

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.