Reinsurance Group of America, Incorporated (NYSE:RGA) Receives Consensus Rating of "Moderate Buy" from Analysts

Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $193.23.

Several analysts have commented on the stock. Evercore ISI raised their price objective on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday. UBS Group raised their price objective on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the stock a "buy" rating in a report on Wednesday. Keefe, Bruyette & Woods raised their price objective on shares of Reinsurance Group of America from $200.00 to $220.00 and gave the stock an "outperform" rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $170.00 to $189.00 and gave the stock a "neutral" rating in a report on Tuesday, April 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Reinsurance Group of America from $193.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday.

Reinsurance Group of America Trading Down 0.3 %

Shares of NYSE RGA traded down $0.52 during trading hours on Friday, hitting $184.38. The company's stock had a trading volume of 290,443 shares, compared to its average volume of 339,434. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market cap of $12.12 billion, a price-to-earnings ratio of 13.73 and a beta of 0.89. Reinsurance Group of America has a 12 month low of $133.13 and a 12 month high of $196.25. The business has a 50-day simple moving average of $180.89 and a 200-day simple moving average of $166.65.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.40 by $0.33. The company had revenue of $5.01 billion for the quarter, compared to analysts' expectations of $4.57 billion. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. Reinsurance Group of America's quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm earned $2.99 earnings per share. On average, analysts anticipate that Reinsurance Group of America will post 19.46 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were issued a $0.85 dividend. The ex-dividend date was Monday, February 12th. This represents a $3.40 dividend on an annualized basis and a yield of 1.84%. Reinsurance Group of America's payout ratio is currently 25.32%.

Insiders Place Their Bets

In other news, CFO Todd C. Larson sold 2,966 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total transaction of $542,422.08. Following the completion of the sale, the chief financial officer now owns 49,549 shares of the company's stock, valued at approximately $9,061,521.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America 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 transaction, the executive vice president now owns 13,363 shares in the company, valued at approximately $2,429,927.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Todd C. Larson sold 2,966 shares of Reinsurance Group of America stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total transaction of $542,422.08. Following the transaction, the chief financial officer now owns 49,549 shares in the company, valued at approximately $9,061,521.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,462 shares of company stock valued at $1,162,239. Company insiders own 1.31% of the company's stock.

Institutional Trading of Reinsurance Group of America

Several hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC purchased a new stake in shares of Reinsurance Group of America during the 1st quarter valued at about $29,000. Lindbrook Capital LLC raised its position in shares of Reinsurance Group of America by 129.9% during the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider's stock valued at $25,000 after buying an additional 87 shares in the last quarter. Pineridge Advisors LLC purchased a new stake in shares of Reinsurance Group of America during the 4th quarter valued at about $26,000. VisionPoint Advisory Group LLC raised its position in shares of Reinsurance Group of America by 116.3% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider's stock valued at $31,000 after buying an additional 114 shares in the last quarter. Finally, Toth Financial Advisory Corp raised its position in shares of Reinsurance Group of America by 41.2% during the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider's stock valued at $39,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

About Reinsurance Group of America

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.