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

Key Points

• Reinsurance Group of America (NYSE:RGA) has received a consensus rating of "Moderate Buy" from analysts, with an average price target of $244.36.
• Recent changes in institutional trading show a notable increase in holdings, with 95.11% of the stock owned by institutional investors.
• The company announced a quarterly dividend increase to $0.93, up from $0.89, representing an annualized dividend yield of 2.1%.

Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $244.36.

RGA has been the topic of a number of recent analyst reports. Wells Fargo & Company restated an "overweight" rating and set a $249.00 price target (up from $248.00) on shares of Reinsurance Group of America in a research report on Thursday, July 10th. Morgan Stanley boosted their price target on shares of Reinsurance Group of America from $209.00 to $210.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. boosted 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 report on Tuesday, July 8th. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th.

Institutional Trading of Reinsurance Group of America

A number of hedge funds and other institutional investors have recently made changes to their positions in RGA. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Reinsurance Group of America by 38.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,783 shares of the insurance provider's stock valued at $1,729,000 after acquiring an additional 2,428 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Reinsurance Group of America by 13.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,901 shares of the insurance provider's stock valued at $768,000 after acquiring an additional 452 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of Reinsurance Group of America by 164.3% during the first quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock valued at $29,000 after acquiring an additional 92 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of Reinsurance Group of America by 1,265.2% during the first quarter. Asset Management One Co. Ltd. now owns 6,553 shares of the insurance provider's stock valued at $1,290,000 after acquiring an additional 6,073 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Reinsurance Group of America by 7.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 171,402 shares of the insurance provider's stock valued at $33,984,000 after purchasing an additional 12,217 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Trading Down 7.8%

Reinsurance Group of America stock opened at $177.38 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $197.24 and a two-hundred day moving average price of $198.74. The firm has a market capitalization of $11.72 billion, a price-to-earnings ratio of 15.40 and a beta of 0.61. Reinsurance Group of America has a 52-week low of $159.25 and a 52-week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The insurance provider reported $4.72 EPS for the quarter, missing analysts' consensus estimates of $5.58 by ($0.86). Reinsurance Group of America had a return on equity of 12.82% and a net margin of 3.54%. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter last year, the firm posted $5.48 earnings per share. The firm's quarterly revenue was up 14.8% compared to the same quarter last year. Sell-side analysts expect that Reinsurance Group of America will post 22.9 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, August 12th. This is an increase from Reinsurance Group of America's previous quarterly dividend of $0.89. Reinsurance Group of America's payout ratio is presently 30.90%.

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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