Reinsurance Group of America (NYSE:RGA) Reaches New 52-Week High at $210.00

Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report)'s stock price hit a new 52-week high on Thursday . The stock traded as high as $210.00 and last traded at $208.26, with a volume of 15329 shares changing hands. The stock had previously closed at $208.66.

Analyst Upgrades and Downgrades

Several research firms have commented on RGA. Piper Sandler upped their target price on shares of Reinsurance Group of America from $195.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, April 5th. UBS Group raised their target price on Reinsurance Group of America from $198.00 to $223.00 and gave the company a "buy" rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $189.00 to $195.00 and gave the stock a "neutral" rating in a research report on Friday, May 3rd. Evercore ISI increased their price target on Reinsurance Group of America from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday, April 11th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $212.00 price objective on shares of Reinsurance Group of America in a research note on Friday, April 12th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.31.

Reinsurance Group of America Price Performance

The business has a 50-day moving average price of $191.22 and a 200 day moving average price of $174.20. The company has a market cap of $13.83 billion, a price-to-earnings ratio of 16.33 and a beta of 0.88. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings data on Friday, May 3rd. The insurance provider reported $6.02 EPS for the quarter, beating analysts' consensus estimates of $4.55 by $1.47. Reinsurance Group of America had a return on equity of 15.94% and a net margin of 4.16%. The company had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm earned $5.16 EPS. As a group, research analysts expect that Reinsurance Group of America, Incorporated will post 20.48 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.85 per share. The ex-dividend date is Monday, May 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.62%. Reinsurance Group of America's dividend payout ratio (DPR) is presently 26.42%.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total transaction of $346,950.72. Following the sale, the executive vice president now directly owns 13,363 shares of the company's stock, valued at approximately $2,429,927.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP William L. Hutton sold 1,908 shares of the company's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total value of $346,950.72. Following the transaction, the executive vice president now directly owns 13,363 shares of the company's stock, valued at $2,429,927.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Todd C. Larson sold 2,966 shares of the company's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total transaction of $542,422.08. Following the completion of the transaction, the chief financial officer now directly owns 49,549 shares in the company, valued at $9,061,521.12. The disclosure for this sale can be found here. Insiders have sold a total of 6,641 shares of company stock valued at $1,254,877 in the last three months. 1.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Reinsurance Group of America

A number of hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System bought a new stake in Reinsurance Group of America in the fourth quarter worth $2,993,000. Picton Mahoney Asset Management lifted its position in shares of Reinsurance Group of America by 121.9% during the 3rd quarter. Picton Mahoney Asset Management now owns 122,552 shares of the insurance provider's stock worth $17,794,000 after purchasing an additional 67,318 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Reinsurance Group of America by 16,078.1% during the 4th quarter. International Assets Investment Management LLC now owns 22,164 shares of the insurance provider's stock valued at $3,586,000 after purchasing an additional 22,027 shares during the period. Raymond James & Associates grew its holdings in Reinsurance Group of America by 13.0% in the 4th quarter. Raymond James & Associates now owns 244,771 shares of the insurance provider's stock valued at $39,599,000 after buying an additional 28,193 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Reinsurance Group of America by 93.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,655 shares of the insurance provider's stock worth $3,289,000 after buying an additional 10,968 shares during the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.