Reinsurance Group of America (NYSE:RGA) Announces Earnings Results

Reinsurance Group of America (NYSE:RGA) issued its earnings results on Thursday. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23), Zacks reports. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%.

Reinsurance Group of America Price Performance

Shares of NYSE RGA traded up $0.54 during trading on Thursday, hitting $230.04. The company had a trading volume of 626,245 shares, compared to its average volume of 410,152. The company has a market cap of $15.15 billion, a P/E ratio of 21.12 and a beta of 0.93. Reinsurance Group of America has a 52 week low of $165.38 and a 52 week high of $233.81. The business’s 50-day moving average is $219.11 and its 200 day moving average is $217.39. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.55%. Reinsurance Group of America’s payout ratio is 32.69%.

Analysts Set New Price Targets

A number of equities analysts have commented on RGA shares. Barclays decreased their target price on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company lifted their target price on Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lifted their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. TD Cowen initiated coverage on Reinsurance Group of America in a research note on Wednesday, October 9th. They issued a “hold” rating and a $235.00 target price for the company. Finally, StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $228.31.

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.