Analysts Set Reinsurance Group of America, Incorporated (NYSE:RGA) Target Price at $242.27

Key Points

• Reinsurance Group of America (NYSE:RGA) has been given a consensus recommendation of "Moderate Buy" from eleven analysts, with an average 12-month price target of $242.27.
• The company reported earnings of $4.72 EPS for the last quarter, missing expectations, with quarterly revenue rising 14.8% year-over-year to $5.60 billion.
• RGA recently increased its quarterly dividend to $0.93 per share, representing a 2.0% yield, up from the previous $0.89.

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) have received an average recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $242.2727.

Several brokerages recently commented on RGA. JPMorgan Chase & Co. increased their price objective on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Wells Fargo & Company decreased their price objective on shares of Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Finally, Morgan Stanley decreased their price objective on shares of Reinsurance Group of America from $210.00 to $195.00 and set an "equal weight" rating for the company in a report on Monday, August 18th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Osaic Holdings Inc. lifted its holdings in shares of Reinsurance Group of America by 25.8% in the second quarter. Osaic Holdings Inc. now owns 13,192 shares of the insurance provider's stock worth $2,617,000 after buying an additional 2,704 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Reinsurance Group of America by 9.5% in the second quarter. Thrivent Financial for Lutherans now owns 26,218 shares of the insurance provider's stock worth $5,197,000 after purchasing an additional 2,273 shares during the last quarter. Captrust Financial Advisors increased its position in Reinsurance Group of America by 3.6% in the second quarter. Captrust Financial Advisors now owns 16,012 shares of the insurance provider's stock worth $3,176,000 after purchasing an additional 551 shares during the last quarter. Voleon Capital Management LP bought a new stake in Reinsurance Group of America in the second quarter worth $3,560,000. Finally, Two Sigma Securities LLC increased its position in Reinsurance Group of America by 112.9% in the second quarter. Two Sigma Securities LLC now owns 2,372 shares of the insurance provider's stock worth $471,000 after purchasing an additional 1,258 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Up 0.6%

Shares of Reinsurance Group of America stock traded up $1.20 during trading on Friday, hitting $187.96. The company's stock had a trading volume of 158,097 shares, compared to its average volume of 461,697. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.16 and a current ratio of 0.16. The company has a fifty day simple moving average of $190.69 and a two-hundred day simple moving average of $193.21. The company has a market capitalization of $12.42 billion, a PE ratio of 16.32 and a beta of 0.59. 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 issued its quarterly earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.58 by ($0.86). Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the business earned $5.48 earnings per share. The firm's revenue was up 14.8% compared to the same quarter last year. Equities research analysts predict that Reinsurance Group of America will post 22.9 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This is a positive change from Reinsurance Group of America's previous quarterly dividend of $0.89. This represents a $3.72 annualized dividend and a dividend yield of 2.0%. Reinsurance Group of America's dividend payout ratio is presently 32.29%.

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.