Reinsurance Group of America, Incorporated (NYSE:RGA) Receives Consensus Recommendation 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 ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $196.00.

A number of equities research analysts recently issued reports on the company. 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 research report on Friday, April 5th. UBS Group raised their price target on Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Evercore ISI boosted their price objective on Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $212.00 target price on shares of Reinsurance Group of America in a research note on Friday, April 12th. Finally, Morgan Stanley lifted their target price on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th.

Reinsurance Group of America Stock Up 2.2 %

RGA stock opened at $207.74 on Thursday. Reinsurance Group of America has a twelve month low of $135.07 and a twelve month high of $208.39. The firm has a market capitalization of $13.67 billion, a PE ratio of 16.14 and a beta of 0.88. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 0.46. The stock has a 50-day simple moving average of $188.33 and a two-hundred day simple moving average of $172.07.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Friday, May 3rd. The insurance provider reported $6.02 EPS for the quarter, beating the consensus estimate of $4.55 by $1.47. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. The company had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same quarter in the previous year, the company earned $5.16 earnings per share. On average, equities analysts predict that Reinsurance Group of America will post 19.41 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Monday, May 13th. Reinsurance Group of America’s dividend payout ratio is presently 26.42%.

Insider Buying and Selling at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the transaction, the executive vice president now owns 13,363 shares in the company, valued at $2,429,927.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,588 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $171.83, for a total value of $272,866.04. Following the completion of the sale, the executive vice president now owns 13,625 shares in the company, valued at $2,341,183.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William L. Hutton sold 1,908 shares of the firm’s 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 transaction, the executive vice president now owns 13,363 shares in the company, valued at approximately $2,429,927.92. The disclosure for this sale can be found here. Insiders sold a total of 6,462 shares of company stock worth $1,162,239 over the last three months. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Reinsurance Group of America

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RGA. Lindbrook Capital LLC increased its stake in shares of Reinsurance Group of America by 129.9% during the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after buying an additional 87 shares during the period. Pineridge Advisors LLC purchased a new position in Reinsurance Group of America during the 4th quarter valued at $26,000. Rise Advisors LLC bought a new position in Reinsurance Group of America in the 1st quarter worth $29,000. VisionPoint Advisory Group LLC lifted its position in shares of Reinsurance Group of America by 116.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 114 shares during the period. Finally, Toth Financial Advisory Corp lifted its position in shares of Reinsurance Group of America by 41.2% in the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 70 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 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.