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

Key Points

• Analyst consensus: Nine analysts give Reinsurance Group of America an average rating of "Moderate Buy" (6 buys, 2 holds, 1 sell) with a 1-year average price target of about $251.17.
• Quarterly outperformance: RGA reported EPS of $7.75 versus $5.86 expected and revenue of $6.64B beating the $6.25B estimate, with revenue up 26.6% year-over-year.
• Heavy institutional ownership: Institutional investors own 95.11% of the stock, with major holders (WCM, American Century, State Street, AQR) recently increasing stakes—AQR boosted its position by 148.4%.

Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $251.1667.

Several equities analysts have issued reports on RGA shares. Morgan Stanley upped their price objective on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 3rd. TD Cowen restated a "hold" rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Wall Street Zen upgraded shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a research note on Saturday, February 7th. Barclays upped their price objective on shares of Reinsurance Group of America from $245.00 to $256.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Piper Sandler restated an "overweight" rating and issued a $263.00 price objective on shares of Reinsurance Group of America in a research note on Friday, February 6th.

Institutional Investors Weigh In On Reinsurance Group of America

Several hedge funds have recently made changes to their positions in the business. WCM Investment Management LLC boosted its stake in shares of Reinsurance Group of America by 3.6% during the third quarter. WCM Investment Management LLC now owns 2,734,458 shares of the insurance provider's stock worth $519,356,000 after buying an additional 94,479 shares during the period. American Century Companies Inc. boosted its stake in shares of Reinsurance Group of America by 15.9% during the third quarter. American Century Companies Inc. now owns 2,369,057 shares of the insurance provider's stock worth $455,167,000 after buying an additional 324,239 shares during the period. State Street Corp boosted its stake in shares of Reinsurance Group of America by 2.8% during the third quarter. State Street Corp now owns 2,346,447 shares of the insurance provider's stock worth $450,823,000 after buying an additional 64,296 shares during the period. AQR Capital Management LLC boosted its stake in shares of Reinsurance Group of America by 148.4% during the fourth quarter. AQR Capital Management LLC now owns 1,652,102 shares of the insurance provider's stock worth $336,137,000 after buying an additional 987,014 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Reinsurance Group of America by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,341,364 shares of the insurance provider's stock worth $272,966,000 after buying an additional 12,682 shares during the period. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $211.50 on Thursday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average price of $210.04 and a 200 day moving average price of $199.82. The company has a market cap of $13.87 billion, a P/E ratio of 11.92 and a beta of 0.52. Reinsurance Group of America has a 12 month low of $164.58 and a 12 month high of $229.21.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The company had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter in the prior year, the firm posted $4.99 earnings per share. Reinsurance Group of America's revenue for the quarter was up 26.6% on a year-over-year basis. Sell-side analysts predict that Reinsurance Group of America will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were paid a dividend of $0.93 per share. The ex-dividend date was Tuesday, February 17th. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. Reinsurance Group of America's dividend payout ratio is 20.96%.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated NYSE: RGA is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company's offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA's product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.

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