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

Reinsurance Group of America, Incorporated (NYSE:RGA) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $244.5714.

A number of analysts recently commented on RGA shares. Piper Sandler restated an “overweight” rating and set a $263.00 price target on shares of Reinsurance Group of America in a research note on Friday, February 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Morgan Stanley raised their price target on Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Finally, TD Cowen reiterated a “hold” rating on shares of Reinsurance Group of America in a research report on Wednesday, January 28th.

Institutional Investors Weigh In On Reinsurance Group of America

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position in shares of Reinsurance Group of America by 44.3% in the first quarter. Goldman Sachs Group Inc. now owns 221,198 shares of the insurance provider’s stock valued at $43,554,000 after acquiring an additional 67,880 shares during the period. Focus Partners Wealth increased its holdings in Reinsurance Group of America by 121.2% during the 1st quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider’s stock worth $527,000 after acquiring an additional 1,466 shares during the period. Geneos Wealth Management Inc. increased its holdings in Reinsurance Group of America by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock worth $76,000 after acquiring an additional 58 shares during the period. Allworth Financial LP lifted its stake in Reinsurance Group of America by 16.1% in the 2nd quarter. Allworth Financial LP now owns 730 shares of the insurance provider’s stock worth $145,000 after purchasing an additional 101 shares in the last quarter. Finally, Vise Technologies Inc. purchased a new stake in Reinsurance Group of America in the 2nd quarter worth approximately $245,000. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Price Performance

NYSE RGA opened at $201.59 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. The company has a market cap of $13.22 billion, a PE ratio of 11.36 and a beta of 0.50. Reinsurance Group of America has a 52 week low of $159.25 and a 52 week high of $229.21. The firm’s 50-day simple moving average is $207.98 and its two-hundred day simple moving average is $198.34.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, topping the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The firm had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter last year, the company earned $4.99 earnings per share. The company’s revenue was up 26.6% on a year-over-year basis. Research 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 business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were paid a $0.93 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $3.72 annualized dividend and a yield of 1.8%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 20.96%.

About Reinsurance Group of America

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.