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

Reinsurance Group of America, Incorporated (NYSE:RGA) has been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $243.00.

RGA has been the subject of several research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. TD Cowen reaffirmed a “hold” rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Wells Fargo & Company increased their target price on shares of Reinsurance Group of America from $237.00 to $238.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Barclays set a $245.00 price target on shares of Reinsurance Group of America and gave the stock an “overweight” rating in a research report on Friday, February 6th. Finally, Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, February 7th.

Reinsurance Group of America Stock Up 0.9%

RGA opened at $221.73 on Wednesday. The company has a market cap of $14.57 billion, a PE ratio of 12.49 and a beta of 0.53. Reinsurance Group of America has a twelve month low of $159.25 and a twelve month high of $229.21. The company has a 50-day moving average price of $204.63 and a 200 day moving average price of $195.13. The company has a quick ratio of 0.13, a current ratio of 0.14 and a debt-to-equity ratio of 0.42.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 EPS for the quarter, topping the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The company had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.25 billion. During the same period in the previous year, the business earned $4.99 EPS. Reinsurance Group of America’s quarterly revenue was up 26.6% on a year-over-year basis. Sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 20.96%.

Institutional Trading of Reinsurance Group of America

Large investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC increased its position in shares of Reinsurance Group of America by 3.2% in the 3rd quarter. ProShare Advisors LLC now owns 182,162 shares of the insurance provider’s stock valued at $34,999,000 after purchasing an additional 5,586 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Reinsurance Group of America by 94.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 18,504 shares of the insurance provider’s stock worth $3,555,000 after purchasing an additional 8,971 shares in the last quarter. Algebris UK Ltd. purchased a new position in Reinsurance Group of America in the third quarter valued at $10,750,000. Nuance Investments LLC increased its holdings in Reinsurance Group of America by 30.6% in the third quarter. Nuance Investments LLC now owns 47,334 shares of the insurance provider’s stock valued at $9,094,000 after buying an additional 11,095 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in Reinsurance Group of America by 1.6% in the third quarter. Federated Hermes Inc. now owns 354,762 shares of the insurance provider’s stock valued at $68,160,000 after buying an additional 5,651 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other 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.