Reinsurance Group of America (NYSE:RGA) Price Target Raised to $220.00

Reinsurance Group of America (NYSE:RGA) had its price objective boosted by UBS Group from $216.00 to $220.00 in a report issued on Thursday morning, Marketbeat Ratings reports. UBS Group currently has a neutral rating on the insurance provider’s stock.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. Barclays raised their price target on shares of Reinsurance Group of America from $245.00 to $256.00 and gave the stock an “overweight” rating in a research report on Wednesday. TD Cowen reissued a “hold” rating on shares of Reinsurance Group of America in a research report on Wednesday, January 28th. Finally, Morgan Stanley lifted their price objective on shares of 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. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $246.71.

Reinsurance Group of America Stock Down 1.8%

RGA stock opened at $205.08 on Thursday. Reinsurance Group of America has a twelve month low of $165.52 and a twelve month high of $229.21. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $13.44 billion, a P/E ratio of 11.55 and a beta of 0.52. The firm has a 50 day simple moving average of $210.28 and a 200-day simple moving average of $200.09.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 business 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 business’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, equities research analysts predict that Reinsurance Group of America will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, February 17th. Reinsurance Group of America’s payout ratio is currently 20.96%.

Institutional Investors Weigh In On Reinsurance Group of America

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of Reinsurance Group of America during the fourth quarter valued at about $53,000. Tobam raised its stake in shares of Reinsurance Group of America by 244.7% during the fourth quarter. Tobam now owns 162 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 115 shares in the last quarter. Wick Capital Partners LLC bought a new stake in shares of Reinsurance Group of America during the fourth quarter valued at about $201,000. DGS Capital Management LLC bought a new stake in shares of Reinsurance Group of America during the fourth quarter valued at about $261,000. Finally, Dean Capital Management raised its stake in shares of Reinsurance Group of America by 3.2% during the fourth quarter. Dean Capital Management now owns 11,160 shares of the insurance provider’s stock valued at $2,271,000 after purchasing an additional 345 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

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.