Reinsurance Group of America, Incorporated (NYSE:RGA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have been given a consensus rating of “Moderate Buy” by the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $230.15.

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Reinsurance Group of America from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Piper Sandler dropped their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $232.00 to $237.00 in a research report on Wednesday, April 2nd. UBS Group restated a “neutral” rating and issued a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Finally, Evercore ISI decreased their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RGA. Spire Wealth Management increased its holdings in Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 57 shares during the last quarter. Colonial Trust Co SC grew its position in shares of Reinsurance Group of America by 72.2% during the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock worth $29,000 after buying an additional 57 shares in the last quarter. Keybank National Association OH grew its position in shares of Reinsurance Group of America by 2.6% during the fourth quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider’s stock worth $500,000 after buying an additional 59 shares in the last quarter. Trust Point Inc. increased its stake in shares of Reinsurance Group of America by 5.4% in the first quarter. Trust Point Inc. now owns 1,219 shares of the insurance provider’s stock worth $240,000 after buying an additional 62 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in Reinsurance Group of America by 0.5% in the fourth quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider’s stock valued at $3,039,000 after acquiring an additional 72 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Up 1.2 %

Reinsurance Group of America stock opened at $189.13 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The stock has a market capitalization of $12.50 billion, a PE ratio of 17.61 and a beta of 0.70. The business has a 50 day simple moving average of $189.98 and a 200-day simple moving average of $208.76. Reinsurance Group of America has a 12 month low of $159.25 and a 12 month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. On average, analysts anticipate that Reinsurance Group of America will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is presently 33.15%.

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.