Reinsurance Group of America, Incorporated (NYSE:RGA) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Reinsurance Group of America has received a consensus rating of "Moderate Buy" from eleven brokerages, with four holding the stock and seven recommending buying it.
• The company's shares have an average 12-month price objective among brokers of approximately $242.27, with various brokerages adjusting their price targets recently.
• Reinsurance Group of America recently declared a quarterly dividend of $0.93 per share, an increase from the previous $0.89, resulting in an annualized dividend yield of 1.9%.

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $242.2727.

A number of brokerages recently weighed in on RGA. Keefe, Bruyette & Woods lifted their price objective on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Wells Fargo & Company cut their price objective on shares of Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Morgan Stanley cut their price objective on shares of Reinsurance Group of America from $210.00 to $195.00 and set an "equal weight" rating for the company in a research report on Monday, August 18th. JPMorgan Chase & Co. upped their price target on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $192.40 on Wednesday. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 16.70 and a beta of 0.61. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.16 and a quick ratio of 0.16. Reinsurance Group of America has a 1 year low of $159.25 and a 1 year high of $233.81. The firm has a 50-day moving average of $192.60 and a two-hundred day moving average of $194.06.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share for the quarter, missing the consensus estimate of $5.58 by ($0.86). Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The business had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.70 billion. During the same period in the previous year, the company posted $5.48 EPS. Reinsurance Group of America's revenue for the quarter was up 14.8% on a year-over-year basis. On average, research analysts forecast that Reinsurance Group of America will post 22.9 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This is an increase from Reinsurance Group of America's previous quarterly dividend of $0.89. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.9%. Reinsurance Group of America's dividend payout ratio is 32.29%.

Hedge Funds Weigh In On Reinsurance Group of America

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alpine Bank Wealth Management acquired a new position in Reinsurance Group of America during the first quarter valued at approximately $28,000. Colonial Trust Co SC raised its holdings in shares of Reinsurance Group of America by 72.2% in the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after buying an additional 57 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Reinsurance Group of America by 164.3% in the first quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock valued at $29,000 after buying an additional 92 shares during the last quarter. Cornerstone Planning Group LLC increased its position in Reinsurance Group of America by 224.1% in the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock worth $33,000 after purchasing an additional 121 shares during the period. Finally, TCTC Holdings LLC grew its position in shares of Reinsurance Group of America by 107.2% during the 1st quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider's stock worth $34,000 after buying an additional 89 shares during the period. 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.

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