Reinsurance Group of America (NYSE:RGA) Price Target Increased to $223.00 by Analysts at UBS Group

Reinsurance Group of America (NYSE:RGA) had its target price hoisted by UBS Group from $198.00 to $223.00 in a report released on Wednesday, Benzinga reports. The firm currently has a buy rating on the insurance provider’s stock.

A number of other equities research analysts have also recently issued reports on the company. Piper Sandler upped their target price 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. Wells Fargo & Company upped their target price on Reinsurance Group of America from $186.00 to $193.00 and gave the stock an overweight rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $170.00 to $189.00 and gave the stock a neutral rating in a research report on Tuesday, April 2nd. Royal Bank of Canada upped their target price on Reinsurance Group of America from $170.00 to $185.00 and gave the stock an outperform rating in a research report on Monday, February 5th. Finally, Keefe, Bruyette & Woods upped their target price on Reinsurance Group of America from $200.00 to $220.00 and gave the stock an outperform rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $187.75.

Reinsurance Group of America Trading Up 0.4 %

NYSE:RGA opened at $189.96 on Wednesday. The stock’s 50 day moving average price is $180.29 and its 200 day moving average price is $165.98. Reinsurance Group of America has a 52 week low of $133.13 and a 52 week high of $196.25. The company has a market capitalization of $12.49 billion, a P/E ratio of 14.14 and a beta of 0.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.17 and a current ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Friday, February 2nd. The insurance provider reported $4.73 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 firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the company posted $2.99 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. On average, research analysts forecast that Reinsurance Group of America will post 19.38 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were given a $0.85 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.40 annualized dividend and a yield of 1.79%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 25.32%.

Insider Buying and Selling

In related news, EVP William L. Hutton sold 1,588 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 13,625 shares of the company’s stock, valued at $2,341,183.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,588 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $171.83, for a total transaction of $272,866.04. Following the completion of the transaction, the executive vice president now directly owns 13,625 shares in the company, valued at $2,341,183.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William L. Hutton sold 1,908 shares of the stock in a transaction on 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 of the company’s stock, valued at $2,429,927.92. The disclosure for this sale can be found here. Insiders sold a total of 6,462 shares of company stock valued at $1,162,239 over the last ninety days. 1.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RGA. Lindbrook Capital LLC increased its stake in shares of Reinsurance Group of America by 129.9% in 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 in the last quarter. Pineridge Advisors LLC acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at $26,000. Rise Advisors LLC acquired a new stake in shares of Reinsurance Group of America in the first quarter valued at $29,000. VisionPoint Advisory Group LLC increased its stake in shares of Reinsurance Group of America by 116.3% in the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock valued at $31,000 after buying an additional 114 shares in the last quarter. Finally, Janiczek Wealth Management LLC increased its stake in shares of Reinsurance Group of America by 8,400.0% in the third 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 in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

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.