Reinsurance Group of America (NYSE:RGA) Shares Up 4.6% – Should You Buy?

Reinsurance Group of America, Incorporated (NYSE:RGA) traded up 4.6% on Monday . The company traded as high as $200.14 and last traded at $198.17. 110,400 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 535,086 shares. The stock had previously closed at $189.38.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RGA shares. Morgan Stanley reduced their price target on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company lifted their target price on Reinsurance Group of America from $244.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Barclays reduced their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, 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 note on Monday, February 10th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $229.54.

Reinsurance Group of America Stock Up 6.6 %

The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The stock has a market capitalization of $13.30 billion, a PE ratio of 18.78 and a beta of 0.93. The company has a 50 day moving average price of $214.91 and a 200-day moving average price of $216.39.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share 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 14.55%. As a group, analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.76%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is currently 33.15%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Colonial Trust Co SC grew its stake in shares of Reinsurance Group of America by 72.2% in the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock worth $29,000 after buying an additional 57 shares during the last quarter. Private Trust Co. NA increased its stake in Reinsurance Group of America by 333.3% during the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 120 shares in the last quarter. Strengthening Families & Communities LLC purchased a new position in Reinsurance Group of America in the third quarter worth about $36,000. Capital Performance Advisors LLP bought a new position in shares of Reinsurance Group of America in the third quarter worth approximately $37,000. Finally, Spire Wealth Management grew its holdings in shares of Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after buying an additional 57 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other 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.