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

Key Points

• "Moderate Buy" consensus from 10 analysts (1 sell, 3 hold, 6 buy) with an average 1‑year target of $246.71; several firms have recently lifted targets (Barclays $256, Wells Fargo $261, Piper Sandler $263).
• RGA beat expectations for the quarter with EPS of $7.75 versus $5.86 expected and revenue of $6.64B versus $6.25B, a 26.6% year‑over‑year revenue increase; analysts forecast roughly $26.27 EPS for the fiscal year.
• Shares trade near $209 with a $13.69B market cap and a P/E of 11.78, a quarterly dividend of $0.93 (1.8% yield) and a dividend payout ratio of ~21%, while institutional investors hold about 95% of the stock.

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the ten analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $246.7143.

A number of research analysts have recently issued reports on RGA shares. Morgan Stanley upped their price target on Reinsurance Group of America from $208.00 to $223.00 and gave the company an "equal weight" rating in a report on Tuesday, March 3rd. Wall Street Zen cut Reinsurance Group of America from a "buy" rating to a "hold" rating in a research report on Saturday, April 11th. Barclays increased their price objective on Reinsurance Group of America from $245.00 to $256.00 and gave the company an "overweight" rating in a research report on Wednesday, April 8th. Wells Fargo & Company increased their price objective on Reinsurance Group of America from $238.00 to $261.00 and gave the company an "overweight" rating in a research report on Wednesday, February 25th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $263.00 price objective on shares of Reinsurance Group of America in a research report on Friday, February 6th.

Reinsurance Group of America Stock Up 0.2%

Shares of NYSE:RGA opened at $209.02 on Monday. The stock has a fifty day simple moving average of $208.13 and a two-hundred day simple moving average of $201.65. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 11.78 and a beta of 0.50. Reinsurance Group of America has a 12-month low of $165.52 and a 12-month high of $229.21. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.42.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.86 by $1.89. The business had revenue of $6.64 billion during the quarter, compared to analysts' expectations of $6.25 billion. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The firm's quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.99 earnings per share. On average, research analysts anticipate that Reinsurance Group of America will post 26.27 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. Reinsurance Group of America's dividend payout ratio (DPR) is 20.96%.

Institutional Investors Weigh In On Reinsurance Group of America

Several institutional investors have recently modified their holdings of RGA. Goldman Sachs Group Inc. boosted its position in shares of Reinsurance Group of America by 44.3% during the first quarter. Goldman Sachs Group Inc. now owns 221,198 shares of the insurance provider's stock valued at $43,554,000 after buying an additional 67,880 shares during the last quarter. Focus Partners Wealth increased its position in Reinsurance Group of America by 121.2% during the first quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider's stock valued at $527,000 after acquiring an additional 1,466 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Reinsurance Group of America by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider's stock valued at $76,000 after acquiring an additional 58 shares during the last quarter. Gabelli Funds LLC purchased a new stake in Reinsurance Group of America during the second quarter valued at $1,006,000. Finally, Cerity Partners LLC increased its position in Reinsurance Group of America by 15.5% during the second quarter. Cerity Partners LLC now owns 33,716 shares of the insurance provider's stock valued at $6,688,000 after acquiring an additional 4,527 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated NYSE: RGA is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company's offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA's product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.