Reinsurance Group of America, Incorporated (NYSE:RGA) Receives $228.85 Consensus Target Price from Brokerages

Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) has been given an average rating of "Moderate Buy" by the twelve brokerages that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $244.92.

RGA has been the subject of several analyst reports. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Keefe, Bruyette & Woods upped their target price on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Evercore ISI cut their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. JPMorgan Chase & Co. upped their price objective on Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, UBS Group reissued a "neutral" rating and issued a $216.00 target price (down previously from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd.

Institutional Trading of Reinsurance Group of America

Several large investors have recently made changes to their positions in RGA. Alliancebernstein L.P. raised its stake in shares of Reinsurance Group of America by 389.4% in the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock worth $239,911,000 after purchasing an additional 893,537 shares during the last quarter. Norges Bank purchased a new stake in Reinsurance Group of America in the 4th quarter valued at $174,082,000. American Century Companies Inc. lifted its stake in Reinsurance Group of America by 67.9% during the 1st quarter. American Century Companies Inc. now owns 1,511,927 shares of the insurance provider's stock valued at $297,699,000 after acquiring an additional 611,226 shares in the last quarter. FMR LLC boosted its holdings in Reinsurance Group of America by 11.1% during the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock worth $1,205,042,000 after acquiring an additional 564,693 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Reinsurance Group of America by 54,931.6% during the 1st quarter. GAMMA Investing LLC now owns 474,923 shares of the insurance provider's stock worth $93,512,000 after acquiring an additional 474,060 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Price Performance

NYSE RGA traded down $2.46 on Tuesday, reaching $194.19. The company's stock had a trading volume of 412,683 shares, compared to its average volume of 413,002. Reinsurance Group of America has a 52 week low of $159.25 and a 52 week high of $233.81. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.50. The firm has a market cap of $12.83 billion, a PE ratio of 16.39 and a beta of 0.62. The business has a 50-day moving average price of $200.53 and a 200 day moving average price of $201.23.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. The business had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter last year, the company posted $6.02 EPS. The firm's revenue for the quarter was down 17.0% on a year-over-year basis. Sell-side analysts expect that Reinsurance Group of America will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) is currently 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.