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

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

A number of other analysts have also weighed in on the company. Royal Bank Of Canada raised their target price on Reinsurance Group of America and gave the company a market perform rating in a research note on Monday, October 30th. Wells Fargo & Company restated a hold rating and issued a $131.00 target price on shares of Reinsurance Group of America in a research note on Thursday, October 26th. Goldman Sachs Group initiated coverage on Reinsurance Group of America in a research note on Wednesday, October 18th. They issued a buy rating and a $153.00 target price for the company. Finally, Zacks Investment Research lowered Reinsurance Group of America from a buy rating to a hold rating in a research report on Monday, July 31st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $138.63.

Shares of Reinsurance Group of America (NYSE RGA) traded up $2.46 during trading hours on Friday, hitting $164.17. The stock had a trading volume of 509,300 shares, compared to its average volume of 319,549. Reinsurance Group of America has a 52 week low of $120.81 and a 52 week high of $165.12. The firm has a market capitalization of $10,280.00, a price-to-earnings ratio of 14.58, a PEG ratio of 1.59 and a beta of 0.80. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.11 and a current ratio of 0.11.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Tuesday, November 7th were given a $0.50 dividend. The ex-dividend date was Monday, November 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.22%. Reinsurance Group of America’s payout ratio is 16.47%.

In related news, EVP John P. Laughlin, Jr. sold 1,000 shares of Reinsurance Group of America stock in a transaction dated Monday, November 6th. The stock was 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 SEC, which is available through the SEC website. Also, Director Christine Rose Detrick sold 659 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total value of $98,520.50. Following the transaction, the director now owns 4,023 shares in the company, valued at approximately $601,438.50. The disclosure for this sale can be found here. 1.76% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of RGA. Toronto Dominion Bank boosted its holdings in Reinsurance Group of America by 11.7% during the second quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock worth $101,000 after buying an additional 83 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in Reinsurance Group of America during the third quarter worth about $113,000. Acrospire Investment Management LLC boosted its holdings in Reinsurance Group of America by 66.7% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock worth $128,000 after buying an additional 400 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Reinsurance Group of America by 27.3% during the second quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock worth $148,000 after buying an additional 248 shares during the last quarter. Finally, Pacad Investment Ltd. bought a new position in Reinsurance Group of America during the second quarter worth about $167,000. Hedge funds and other institutional investors own 91.53% of the company’s stock.

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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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