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

Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $228.85.

RGA has been the subject of a number of recent research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday, February 10th. Evercore ISI lowered their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. JPMorgan Chase & Co. raised Reinsurance Group of America from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Wells Fargo & Company raised their price objective on Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Finally, Piper Sandler reduced their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th.

Reinsurance Group of America Price Performance

RGA stock traded down $1.38 during midday trading on Monday, hitting $208.33. The company's stock had a trading volume of 500,174 shares, compared to its average volume of 408,659. Reinsurance Group of America has a 12 month low of $159.25 and a 12 month high of $233.81. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $13.77 billion, a price-to-earnings ratio of 19.40 and a beta of 0.57. The company has a 50 day moving average of $191.16 and a two-hundred day moving average of $206.70.

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

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) is 30.04%.

Institutional Trading of Reinsurance Group of America

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in shares of Reinsurance Group of America by 5.5% in the third quarter. Barclays PLC now owns 102,790 shares of the insurance provider's stock valued at $22,396,000 after buying an additional 5,398 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Reinsurance Group of America in the fourth quarter valued at approximately $8,869,000. Avanza Fonder AB acquired a new position in shares of Reinsurance Group of America in the fourth quarter valued at approximately $1,011,000. HB Wealth Management LLC increased its holdings in shares of Reinsurance Group of America by 54.6% in the fourth quarter. HB Wealth Management LLC now owns 3,274 shares of the insurance provider's stock valued at $700,000 after purchasing an additional 1,156 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Reinsurance Group of America by 4.9% in the fourth quarter. UMB Bank n.a. now owns 1,745 shares of the insurance provider's stock valued at $373,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 95.11% of the company's stock.

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.