Reinsurance Group of America, Incorporated (NYSE:RGA) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $238.6667.

Several research analysts have recently issued reports on RGA shares. Raymond James Financial lowered Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research report on Friday, October 17th. Morgan Stanley set a $208.00 target price on Reinsurance Group of America in a report on Monday, December 15th. Wells Fargo & Company boosted their target price on Reinsurance Group of America from $237.00 to $238.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Reinsurance Group of America in a research note on Monday, December 29th. Finally, Barclays set a $237.00 price objective on shares of Reinsurance Group of America in a research note on Thursday, January 8th.

Reinsurance Group of America Stock Down 0.6%

Shares of RGA opened at $194.98 on Friday. The business’s fifty day moving average price is $197.41 and its two-hundred day moving average price is $193.12. The firm has a market capitalization of $12.81 billion, a price-to-earnings ratio of 15.00 and a beta of 0.55. Reinsurance Group of America has a 52 week low of $159.25 and a 52 week high of $232.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.13 and a current ratio of 0.13.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.57. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The firm had revenue of $6.20 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the company earned $6.13 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. On average, analysts predict that Reinsurance Group of America will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, November 10th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 28.62%.

Institutional Trading of Reinsurance Group of America

A number of large investors have recently made changes to their positions in RGA. WCM Investment Management LLC grew its holdings in shares of Reinsurance Group of America by 3.6% during the third quarter. WCM Investment Management LLC now owns 2,734,458 shares of the insurance provider’s stock worth $519,356,000 after buying an additional 94,479 shares in the last quarter. American Century Companies Inc. boosted its position in Reinsurance Group of America by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 2,369,057 shares of the insurance provider’s stock worth $455,167,000 after acquiring an additional 324,239 shares during the last quarter. State Street Corp grew its stake in shares of Reinsurance Group of America by 2.8% during the 3rd quarter. State Street Corp now owns 2,346,447 shares of the insurance provider’s stock worth $450,823,000 after acquiring an additional 64,296 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Reinsurance Group of America by 4.6% in the second quarter. Geode Capital Management LLC now owns 1,219,609 shares of the insurance provider’s stock valued at $241,960,000 after purchasing an additional 53,211 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Reinsurance Group of America by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,098,564 shares of the insurance provider’s stock worth $211,054,000 after purchasing an additional 49,323 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.