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

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) have received an average rating of "Moderate Buy" from the twelve research firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $244.92.

A number of research firms recently issued reports on RGA. UBS Group restated a "neutral" rating and set a $216.00 target price (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. upped their price objective 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. Wells Fargo & Company upped their price objective on shares of Reinsurance Group of America from $248.00 to $249.00 and gave the stock an "overweight" rating in a research report on Thursday. Keefe, Bruyette & Woods upped their price objective 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. Finally, Evercore ISI decreased their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th.

Institutional Trading of Reinsurance Group of America

Large investors have recently bought and sold shares of the business. Alliancebernstein L.P. grew its stake in shares of Reinsurance Group of America by 389.4% in the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock valued at $239,911,000 after buying an additional 893,537 shares during the period. Norges Bank purchased a new stake in shares of Reinsurance Group of America in the 4th quarter valued at approximately $174,082,000. American Century Companies Inc. grew its stake in shares of Reinsurance Group of America by 67.9% in 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 buying an additional 611,226 shares during the period. FMR LLC grew its stake in shares of Reinsurance Group of America by 11.1% in the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock valued at $1,205,042,000 after buying an additional 564,693 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Reinsurance Group of America by 54,931.6% in 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. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of RGA traded up $2.35 during trading hours on Tuesday, reaching $197.63. 114,880 shares of the company traded hands, compared to its average volume of 411,700. The stock has a market capitalization of $13.06 billion, a P/E ratio of 16.69 and a beta of 0.62. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.50. Reinsurance Group of America has a 12-month low of $159.25 and a 12-month high of $233.81. The business has a fifty day moving average price of $200.35 and a 200-day moving average price of $201.32.

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

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $3.56 annualized dividend and a yield of 1.80%. Reinsurance Group of America's dividend payout ratio is presently 30.04%.

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.