Reinsurance Group of America, Incorporated (RGA) Receives Hold Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their hold rating on shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in a report released on Friday, November 10th. Keefe, Bruyette & Woods currently has a $148.00 price target on the insurance provider’s stock.

A number of other research firms also recently commented on RGA. Royal Bank Of Canada boosted their price target on shares of Reinsurance Group of America, and gave the stock a market perform rating in a research report on Monday, October 30th. Wells Fargo & Company reiterated a hold rating and issued a $131.00 target price on shares of Reinsurance Group of America, in a report on Thursday, October 26th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Reinsurance Group of America, in a report on Wednesday, October 18th. They issued a buy rating and a $153.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Reinsurance Group of America, from a hold rating to a buy rating and set a $157.00 target price on the stock in a report on Tuesday, August 1st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Reinsurance Group of America, currently has an average rating of Hold and a consensus price target of $138.63.

Reinsurance Group of America, (NYSE:RGA) opened at $152.34 on Friday. The firm has a market cap of $9,795.86, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 1.53 and a beta of 0.80. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.34. Reinsurance Group of America, has a fifty-two week low of $120.81 and a fifty-two week high of $152.54.

Reinsurance Group of America, (NYSE:RGA) last posted its quarterly earnings results on Thursday, October 26th. The insurance provider reported $3.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.82. Reinsurance Group of America, had a net margin of 6.44% and a return on equity of 9.32%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the business posted $2.46 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. sell-side analysts predict that Reinsurance Group of America, will post 11.07 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Monday, November 6th. Reinsurance Group of America,’s dividend payout ratio (DPR) is presently 16.46%.

In other news, EVP John P. Laughlin, Jr. sold 1,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $149.96, for a total value of $149,960.00. Following the completion of the sale, the executive vice president now directly owns 27,277 shares in the company, valued at $4,090,458.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christine Rose Detrick sold 659 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total transaction of $98,520.50. Following the completion of the sale, the director now owns 4,023 shares of the company’s stock, valued at $601,438.50. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in RGA. IHT Wealth Management LLC increased its holdings in Reinsurance Group of America, by 225.8% in the 2nd quarter. IHT Wealth Management LLC now owns 202 shares of the insurance provider’s stock valued at $309,000 after buying an additional 140 shares during the period. Toronto Dominion Bank increased its holdings in Reinsurance Group of America, by 11.7% in the 2nd quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock valued at $101,000 after buying an additional 83 shares during the period. Fieldpoint Private Securities LLC bought a new stake in Reinsurance Group of America, in the 3rd quarter valued at $113,000. Acrospire Investment Management LLC increased its holdings in Reinsurance Group of America, by 66.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock valued at $128,000 after buying an additional 400 shares during the period. Finally, D.A. Davidson & CO. increased its holdings in Reinsurance Group of America, by 27.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock valued at $148,000 after buying an additional 248 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Reinsurance Group of America, Company Profile

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

Analyst Recommendations for Reinsurance Group of America, (NYSE:RGA)

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