What is DOWLING & PARTN's Estimate for RGA FY2027 Earnings?

Key Points

• DOWLING & PARTN raised its FY2027 EPS forecast for RGA to $30.60 from $29.90, above the $30.05 consensus estimate. The firm also forecasts FY2028 EPS of $33.10.
• RGA reported quarterly EPS of $8.49, beating the $6.97 consensus, and revenue of $7.55 billion versus expectations of $6.69 billion.
• Analyst sentiment is broadly positive: MarketBeat reports an average “Buy” rating and a $281.12 average price target.

Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) - DOWLING & PARTN increased their FY2027 EPS estimates for Reinsurance Group of America in a research note issued on Tuesday, November 10th. DOWLING & PARTN analyst J. Hurwitz now forecasts that the insurance provider will post earnings per share of $30.60 for the year, up from their prior estimate of $29.90. The consensus estimate for Reinsurance Group of America's current full-year earnings is $30.05 per share. DOWLING & PARTN also issued estimates for Reinsurance Group of America's FY2028 earnings at $33.10 EPS.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The insurance provider reported $8.49 earnings per share for the quarter, topping the consensus estimate of $6.97 by $1.52. The company had revenue of $7.55 billion for the quarter, compared to analysts' expectations of $6.69 billion. Reinsurance Group of America had a net margin of 6.26% and a return on equity of 16.18%. During the same quarter in the previous year, the business posted $6.37 earnings per share.

A number of other research firms also recently weighed in on RGA. Weiss Ratings restated a "buy (b)" rating on shares of Reinsurance Group of America in a report on Wednesday, November 4th. Wells Fargo & Company upped their target price on shares of Reinsurance Group of America from $292.00 to $312.00 and gave the company an "overweight" rating in a research report on Thursday. TD Cowen increased their price target on shares of Reinsurance Group of America from $235.00 to $250.00 and gave the company a "hold" rating in a report on Wednesday, October 21st. UBS Group upgraded Reinsurance Group of America from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 24th. Finally, Morgan Stanley raised Reinsurance Group of America from an "equal weight" rating to an "overweight" rating and set a $295.00 price objective on the stock in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $281.12.

Reinsurance Group of America Price Performance

RGA stock opened at $273.76 on Friday. Reinsurance Group of America has a 52 week low of $182.73 and a 52 week high of $277.15. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $257.08 and a two-hundred day simple moving average of $227.85. The firm has a market capitalization of $17.81 billion, a P/E ratio of 8.51 and a beta of 0.43.

Institutional Investors Weigh In On Reinsurance Group of America

Several hedge funds and other institutional investors have recently modified their holdings of the business. Greenleaf Trust boosted its holdings in Reinsurance Group of America by 2.4% during the 2nd quarter. Greenleaf Trust now owns 1,811 shares of the insurance provider's stock valued at $385,000 after acquiring an additional 42 shares during the period. Paulson Wealth Management Inc. grew its position in Reinsurance Group of America by 2.8% in the 3rd quarter. Paulson Wealth Management Inc. now owns 1,542 shares of the insurance provider's stock valued at $380,000 after acquiring an additional 42 shares during the last quarter. North Dakota State Investment Board increased its stake in Reinsurance Group of America by 2.2% in the third quarter. North Dakota State Investment Board now owns 2,005 shares of the insurance provider's stock worth $494,000 after purchasing an additional 44 shares during the period. Allworth Financial LP increased its stake in Reinsurance Group of America by 2.7% in the third quarter. Allworth Financial LP now owns 2,175 shares of the insurance provider's stock worth $536,000 after purchasing an additional 57 shares during the period. Finally, Elevation Wealth Partners LLC increased its stake in Reinsurance Group of America by 9.5% in the second quarter. Elevation Wealth Partners LLC now owns 702 shares of the insurance provider's stock worth $149,000 after purchasing an additional 61 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 17th will be paid a dividend of $0.98 per share. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.4%. Reinsurance Group of America's dividend payout ratio is currently 15.15%.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (RGA) is a global life and health reinsurer. It works with insurance companies to help them manage risks and support the development and distribution of insurance products. Its services include life and health reinsurance, as well as solutions involving longevity risk and asset-intensive reinsurance. RGA also provides underwriting expertise, data and analytics, and product and risk-management support to its clients. Founded in 1973, RGA serves clients across North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.

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