Reinsurance Group of America (NYSE:RGA) Hits New 12-Month High at $196.25

Reinsurance Group of America, Incorporated (NYSE:RGA)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $196.25 and last traded at $194.34, with a volume of 5608 shares changing hands. The stock had previously closed at $194.93.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price target on Reinsurance Group of America from $170.00 to $189.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Wells Fargo & Company raised their price target on Reinsurance Group of America from $186.00 to $193.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Piper Sandler raised their price target on Reinsurance Group of America from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Royal Bank of Canada raised their price target on Reinsurance Group of America from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Finally, UBS Group lifted their target price on Reinsurance Group of America from $198.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average target price of $187.75.

Reinsurance Group of America Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.48, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market cap of $12.49 billion, a PE ratio of 14.14 and a beta of 0.89. The business has a fifty day moving average of $180.29 and a 200-day moving average of $165.98.

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

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Monday, February 12th. Reinsurance Group of America’s dividend payout ratio is presently 25.32%.

Insider Transactions at Reinsurance Group of America

In other news, CFO Todd C. Larson sold 2,966 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total transaction of $542,422.08. Following the completion of the sale, the chief financial officer now owns 49,549 shares in the company, valued at approximately $9,061,521.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP William L. Hutton sold 1,908 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total value of $346,950.72. Following the completion of the sale, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at $2,429,927.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Todd C. Larson sold 2,966 shares of the company’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 completion of the sale, the chief financial officer now directly owns 49,549 shares of the company’s stock, valued at $9,061,521.12. The disclosure for this sale can be found here. Insiders sold 6,462 shares of company stock worth $1,162,239 in the last 90 days. Insiders own 1.55% of the company’s stock.

Institutional Trading of Reinsurance Group of America

Hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC increased its stake in Reinsurance Group of America by 129.9% during the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock worth $25,000 after buying an additional 87 shares during the period. Pineridge Advisors LLC acquired a new position in Reinsurance Group of America during the 4th quarter worth $26,000. Rise Advisors LLC acquired a new position in Reinsurance Group of America during the 1st quarter worth $29,000. VisionPoint Advisory Group LLC grew its holdings in Reinsurance Group of America by 116.3% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 114 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its holdings in shares of Reinsurance Group of America by 8,400.0% in the 3rd quarter. Janiczek Wealth Management LLC now owns 255 shares of the insurance provider’s stock valued at $37,000 after buying an additional 252 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Company Profile

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.