Reinsurance Group of America, Incorporated (NYSE:RGA) Given Consensus Rating of “Moderate Buy” by Analysts

Reinsurance Group of America, Incorporated (NYSE:RGA) has been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $255.00.

RGA has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price target on Reinsurance Group of America from $261.00 to $269.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. UBS Group upped their price objective on Reinsurance Group of America from $220.00 to $236.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Evercore reaffirmed an “outperform” rating and issued a $267.00 price objective on shares of Reinsurance Group of America in a research note on Monday, May 18th. Piper Sandler dropped their target price on Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Finally, Barclays boosted their target price on Reinsurance Group of America from $268.00 to $278.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $235.26 on Friday. Reinsurance Group of America has a 52-week low of $165.52 and a 52-week high of $245.00. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average is $215.73 and its 200 day moving average is $210.40. The company has a market cap of $15.41 billion, a price-to-earnings ratio of 12.74 and a beta of 0.47.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. The business had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.47 billion. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The business’s revenue was up 23.5% on a year-over-year basis. During the same period last year, the company posted $5.66 EPS. Sell-side analysts forecast that Reinsurance Group of America will post 26.86 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were given a dividend of $0.93 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a yield of 1.6%. Reinsurance Group of America’s payout ratio is 20.15%.

Insider Buying and Selling at Reinsurance Group of America

In related news, EVP Ronald Herrmann sold 7,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the transaction, the executive vice president directly owned 3,938 shares in the company, valued at approximately $829,264.04. This represents a 64.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John W. Hayden sold 414 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total transaction of $88,989.30. Following the transaction, the executive vice president owned 20,949 shares in the company, valued at $4,502,987.55. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Activest Wealth Management purchased a new stake in shares of Reinsurance Group of America in the fourth quarter worth approximately $30,000. Tobam boosted its holdings in Reinsurance Group of America by 244.7% during the 4th quarter. Tobam now owns 162 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 115 shares during the period. International Assets Investment Management LLC purchased a new stake in Reinsurance Group of America in the fourth quarter worth $35,000. Advisory Services Network LLC purchased a new stake in Reinsurance Group of America in the third quarter worth $38,000. Finally, Entrust Financial LLC bought a new stake in shares of Reinsurance Group of America during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

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.