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

Key Points

• Wall Street sentiment is constructive: Reinsurance Group of America has a consensus rating of “Moderate Buy” from 11 analysts, with an average 1-year price target of $251.25.
• Recent earnings beat expectations: RGA reported $6.97 EPS versus the $6.03 estimate and revenue of $6.49 billion, with quarterly revenue rising 23.5% year over year.
• The company also returned cash to shareholders: RGA announced a quarterly dividend of $0.93 per share, equal to an annualized yield of about 1.8%.

Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eleven analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $251.25.

RGA has been the subject of a number of research analyst reports. UBS Group increased their price target on Reinsurance Group of America from $216.00 to $220.00 and gave the stock a "neutral" rating in a report on Thursday, April 9th. JPMorgan Chase & Co. raised their target price on Reinsurance Group of America from $264.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, May 7th. Wall Street Zen upgraded Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Piper Sandler lowered their target price on Reinsurance Group of America from $263.00 to $261.00 and set an "overweight" rating for the company in a report on Monday, May 11th. Finally, Morgan Stanley raised their target price 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.

Reinsurance Group of America Stock Down 1.0%

Shares of NYSE:RGA opened at $204.80 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $208.14 and a two-hundred day moving average of $204.60. The stock has a market cap of $13.42 billion, a P/E ratio of 11.09 and a beta of 0.50. Reinsurance Group of America has a 52-week low of $165.52 and a 52-week high of $229.21.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.03 by $0.94. The company had revenue of $6.49 billion during the quarter, compared to analysts' expectations of $6.47 billion. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The firm's quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the business earned $5.66 EPS. On average, research analysts expect that Reinsurance Group of America will post 26.88 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th will be given a $0.93 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a yield of 1.8%. Reinsurance Group of America's dividend payout ratio (DPR) is currently 20.15%.

Insider Transactions at Reinsurance Group of America

In other Reinsurance Group of America news, EVP Ronald Herrmann sold 7,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $210.58, for a total value of $1,474,060.00. Following the sale, the executive vice president owned 3,938 shares of the company's stock, valued at $829,264.04. This trade represents a 64.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John W. Hayden sold 414 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total value of $88,989.30. Following the completion of the sale, the executive vice president directly owned 20,949 shares in the company, valued at $4,502,987.55. This represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Reinsurance Group of America

A number of hedge funds have recently bought and sold shares of the stock. Activest Wealth Management acquired a new stake in shares of Reinsurance Group of America during the 4th quarter worth about $30,000. Tobam raised its position in shares of Reinsurance Group of America by 244.7% during the 4th quarter. Tobam now owns 162 shares of the insurance provider's stock worth $33,000 after acquiring an additional 115 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Reinsurance Group of America during the 4th quarter worth about $35,000. Entrust Financial LLC acquired a new stake in shares of Reinsurance Group of America during the 4th quarter worth about $40,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Reinsurance Group of America during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 95.11% of the company's stock.

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.

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