Reinsurance Group of America, Incorporated (NYSE:RGA) Receives $244.57 Consensus PT from Analysts

Reinsurance Group of America, Incorporated (NYSE:RGA) has received a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $244.5714.

A number of equities analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Piper Sandler reissued an “overweight” rating and issued a $263.00 price objective on shares of Reinsurance Group of America in a research report on Friday, February 6th. Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Wells Fargo & Company lifted their target price on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Finally, Barclays set a $245.00 price target on shares of Reinsurance Group of America and gave the company an “overweight” rating in a research note on Friday, February 6th.

Hedge Funds Weigh In On Reinsurance Group of America

A number of large investors have recently made changes to their positions in RGA. AQR Capital Management LLC lifted its holdings in Reinsurance Group of America by 148.4% during the 4th quarter. AQR Capital Management LLC now owns 1,652,102 shares of the insurance provider’s stock worth $336,137,000 after purchasing an additional 987,014 shares during the last quarter. Norges Bank bought a new stake in Reinsurance Group of America in the 4th quarter valued at $173,767,000. Orion Porfolio Solutions LLC grew its holdings in Reinsurance Group of America by 6,076.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 602,503 shares of the insurance provider’s stock valued at $119,512,000 after buying an additional 592,748 shares in the last quarter. Laurel Wealth Advisors LLC increased its position in Reinsurance Group of America by 19,387.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 561,818 shares of the insurance provider’s stock worth $111,442,000 after buying an additional 558,935 shares during the period. Finally, American Century Companies Inc. increased its position in Reinsurance Group of America by 35.2% during the 2nd quarter. American Century Companies Inc. now owns 2,044,818 shares of the insurance provider’s stock worth $405,610,000 after buying an additional 532,891 shares during the period. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

RGA opened at $200.44 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. Reinsurance Group of America has a 12-month low of $159.25 and a 12-month high of $229.21. The business has a 50 day moving average of $208.03 and a 200-day moving average of $198.56. The stock has a market cap of $13.14 billion, a price-to-earnings ratio of 11.29 and a beta of 0.50.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same period in the previous year, the firm earned $4.99 EPS. The firm’s revenue was up 26.6% compared to the same quarter last year. On average, equities research analysts expect that Reinsurance Group of America will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, February 17th. Reinsurance Group of America’s payout ratio is currently 20.96%.

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.