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

Reinsurance Group of America, Incorporated (NYSE:RGA) has been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven 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 $251.25.

RGA has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Reinsurance Group of America from $264.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. UBS Group lifted their target price on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Wells Fargo & Company boosted their price objective on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Barclays boosted their price objective on shares of Reinsurance Group of America from $256.00 to $268.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th.

Insiders Place Their Bets

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

Institutional Trading of Reinsurance Group of America

A number of hedge funds have recently modified their holdings of the business. AQR Capital Management LLC boosted its stake in Reinsurance Group of America by 148.4% in the 4th quarter. AQR Capital Management LLC now owns 1,652,102 shares of the insurance provider’s stock worth $336,137,000 after purchasing an additional 987,014 shares in the last quarter. Norges Bank purchased a new position in Reinsurance Group of America in the 4th quarter worth about $173,767,000. Orion Porfolio Solutions LLC raised its position in Reinsurance Group of America by 6,076.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 602,503 shares of the insurance provider’s stock worth $119,512,000 after buying an additional 592,748 shares during the last quarter. SEB Asset Management AB purchased a new position in Reinsurance Group of America in the 1st quarter worth about $81,533,000. Finally, Adage Capital Partners GP L.L.C. purchased a new position in Reinsurance Group of America in the 2nd quarter worth about $69,426,000. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 0.6%

Shares of RGA opened at $209.28 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14. Reinsurance Group of America has a fifty-two week low of $165.52 and a fifty-two week high of $229.21. The firm has a 50 day moving average price of $208.48 and a 200-day moving average price of $206.56. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 11.34 and a beta of 0.47.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, topping the consensus estimate of $6.03 by $0.94. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the previous year, the firm earned $5.66 earnings per share. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. As a group, equities research analysts forecast that Reinsurance Group of America will post 26.88 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, May 19th. Reinsurance Group of America’s 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.