Analysts Set Reinsurance Group of America, Incorporated (NYSE:RGA) Price Target at $230.69

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) have received an average rating of "Moderate Buy" from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $228.85.

Several equities analysts have commented on the company. Wells Fargo & Company upped their price objective on Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. raised Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Raymond James reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday. Finally, Piper Sandler cut their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th.

Institutional Investors Weigh In On Reinsurance Group of America

A number of institutional investors have recently added to or reduced their stakes in RGA. Alpine Bank Wealth Management bought a new stake in Reinsurance Group of America during the first quarter valued at about $28,000. Colonial Trust Co SC boosted its position in Reinsurance Group of America by 72.2% during the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 57 shares in the last quarter. Golden State Wealth Management LLC boosted its position in 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 purchasing an additional 92 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in Reinsurance Group of America by 224.1% during the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 121 shares in the last quarter. Finally, TCTC Holdings LLC boosted its position in Reinsurance Group of America by 107.2% during the first quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Trading Down 1.5%

Reinsurance Group of America stock traded down $3.00 during mid-day trading on Monday, hitting $199.89. The company's stock had a trading volume of 373,744 shares, compared to its average volume of 409,407. The company has a 50 day moving average of $192.23 and a 200-day moving average of $206.54. The stock has a market cap of $13.21 billion, a PE ratio of 18.61 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. Reinsurance Group of America has a one year low of $159.25 and a one year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, beating the consensus estimate of $5.33 by $0.33. The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Reinsurance Group of America's quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.02 EPS. On average, research analysts anticipate that Reinsurance Group of America will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Tuesday, May 13th. Reinsurance Group of America's payout ratio is 30.04%.

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.