Morgan Stanley Issues Positive Forecast for Reinsurance Group of America (NYSE:RGA) Stock Price

Reinsurance Group of America (NYSE:RGA) had its price objective increased by Morgan Stanley from $195.00 to $209.00 in a research note published on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the insurance provider’s stock.

A number of other research firms have also recently commented on RGA. Evercore ISI dropped their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America 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 boosted their target price for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Finally, Piper Sandler cut their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $228.85.

Reinsurance Group of America Stock Up 0.2%

NYSE RGA opened at $209.59 on Monday. The business has a fifty day moving average price of $191.16 and a two-hundred day moving average price of $206.70. The stock has a market capitalization of $13.85 billion, a PE ratio of 19.51 and a beta of 0.57. Reinsurance Group of America has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.33. The business had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Reinsurance Group of America’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the prior year, the company earned $6.02 EPS. Equities analysts expect that Reinsurance Group of America will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a dividend of $0.89 per share. The ex-dividend date is Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.70%. Reinsurance Group of America’s payout ratio is 30.04%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RGA. Alpine Bank Wealth Management purchased a new stake in shares of Reinsurance Group of America in the first quarter worth about $28,000. Colonial Trust Co SC increased its holdings in Reinsurance Group of America by 72.2% during the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 57 shares during the period. Golden State Wealth Management LLC boosted its holdings in Reinsurance Group of America by 164.3% in the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 92 shares during the period. Cornerstone Planning Group LLC increased its holdings in shares of Reinsurance Group of America by 224.1% in the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 121 shares during the period. Finally, TCTC Holdings LLC grew its position in Reinsurance Group of America by 107.2% during the first quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider’s stock worth $34,000 after buying an additional 89 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

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.