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

Reinsurance Group of America, Incorporated (NYSE:RGA) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $228.31.

Several equities research analysts have weighed in on RGA shares. Barclays cut their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Piper Sandler dropped their price target on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research report on Monday. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a report on Monday.

Reinsurance Group of America Stock Up 1.2 %

Shares of Reinsurance Group of America stock opened at $198.95 on Friday. Reinsurance Group of America has a 12 month low of $165.38 and a 12 month high of $233.81. The business has a fifty day simple moving average of $217.62 and a 200 day simple moving average of $217.10. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The stock has a market cap of $13.10 billion, a PE ratio of 18.52 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.80%. Research analysts predict that Reinsurance Group of America will post 23.14 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 33.15%.

Institutional Investors Weigh In On Reinsurance Group of America

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. WCM Investment Management LLC raised its holdings in Reinsurance Group of America by 1,208.5% during the third quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider’s stock worth $527,742,000 after acquiring an additional 2,260,605 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Reinsurance Group of America by 389.4% during the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider’s stock worth $239,911,000 after purchasing an additional 893,537 shares during the last quarter. Norges Bank bought a new stake in shares of Reinsurance Group of America during the 4th quarter worth approximately $174,082,000. Raymond James Financial Inc. acquired a new stake in shares of Reinsurance Group of America in the 4th quarter valued at approximately $48,724,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Reinsurance Group of America by 47.7% in the third quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock valued at $79,512,000 after buying an additional 117,829 shares in the last quarter. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Company Profile

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.