Reinsurance Group of America, Incorporated (NYSE:RGA – Get Rating) – Jefferies Financial Group lowered their Q2 2022 earnings per share (EPS) estimates for shares of Reinsurance Group of America in a research report issued on Sunday, April 10th. Jefferies Financial Group analyst D. Bergman now anticipates that the insurance provider will post earnings per share of $2.76 for the quarter, down from their previous forecast of $2.78. Jefferies Financial Group has a “Buy” rating and a $130.00 price target on the stock.
Reinsurance Group of America (NYSE:RGA – Get Rating) last issued its quarterly earnings data on Thursday, February 3rd. The insurance provider reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($1.39). The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.18 billion. Reinsurance Group of America had a net margin of 3.70% and a return on equity of 0.60%. During the same quarter in the prior year, the business earned $1.19 earnings per share.
RGA opened at $111.69 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.13 and a quick ratio of 0.13. The company’s 50-day moving average is $108.89 and its 200 day moving average is $110.82. Reinsurance Group of America has a fifty-two week low of $94.32 and a fifty-two week high of $134.93. The firm has a market capitalization of $7.48 billion, a P/E ratio of 12.37 and a beta of 1.17.
Institutional investors and hedge funds have recently bought and sold shares of the company. Willis Investment Counsel grew its stake in Reinsurance Group of America by 19.2% during the third quarter. Willis Investment Counsel now owns 150,098 shares of the insurance provider’s stock valued at $16,700,000 after acquiring an additional 24,229 shares in the last quarter. NN Investment Partners Holdings N.V. grew its stake in Reinsurance Group of America by 14.1% during the third quarter. NN Investment Partners Holdings N.V. now owns 117,242 shares of the insurance provider’s stock valued at $13,044,000 after acquiring an additional 14,456 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in Reinsurance Group of America by 4.1% during the third quarter. Segall Bryant & Hamill LLC now owns 397,779 shares of the insurance provider’s stock valued at $44,257,000 after acquiring an additional 15,843 shares in the last quarter. South Dakota Investment Council grew its stake in Reinsurance Group of America by 7.1% during the third quarter. South Dakota Investment Council now owns 232,498 shares of the insurance provider’s stock valued at $25,868,000 after acquiring an additional 15,420 shares in the last quarter. Finally, Crestline Management LP purchased a new position in Reinsurance Group of America during the third quarter valued at approximately $3,044,000. Hedge funds and other institutional investors own 96.67% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 1st. Stockholders of record on Tuesday, February 15th were paid a $0.73 dividend. The ex-dividend date was Monday, February 14th. This represents a $2.92 annualized dividend and a dividend yield of 2.61%. Reinsurance Group of America’s payout ratio is 32.34%.
Reinsurance Group of America Company Profile (Get Rating)
Reinsurance Group of America, Incorporated engages in reinsurance business. It 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.
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