Reinsurance Group of America (NYSE:RGA) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $214.72 and traded as high as $215.10. Reinsurance Group of America shares last traded at $213.63, with a volume of 401,322 shares traded.

Wall Street Analysts Forecast Growth

RGA has been the topic of several research analyst reports. Piper Sandler upped their target price on Reinsurance Group of America from $237.00 to $242.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. boosted their target price on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Keefe, Bruyette & Woods raised shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada increased their price objective on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $227.77.

Reinsurance Group of America Stock Up 0.8 %

The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $14.19 billion, a P/E ratio of 19.78 and a beta of 0.93. The stock’s 50-day moving average price is $218.76 and its two-hundred day moving average price is $214.71.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period last year, the business posted $5.57 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, research analysts expect that Reinsurance Group of America, Incorporated will post 21.67 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 1.65%. Reinsurance Group of America’s dividend payout ratio is presently 32.69%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RGA. Armstrong Advisory Group Inc. bought a new position in shares of Reinsurance Group of America in the third quarter worth $25,000. International Assets Investment Management LLC purchased a new position in Reinsurance Group of America during the 2nd quarter valued at about $28,000. Private Trust Co. NA increased its position in shares of Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after buying an additional 120 shares during the period. Wolff Wiese Magana LLC purchased a new stake in shares of Reinsurance Group of America in the third quarter worth about $34,000. Finally, Strengthening Families & Communities LLC bought a new position in shares of Reinsurance Group of America in the third quarter valued at approximately $36,000. 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 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.