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

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirteen analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $228.85.

RGA has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Raymond James reiterated a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Morgan Stanley set a $209.00 price target on Reinsurance Group of America and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, UBS Group reiterated a "neutral" rating and set a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd.

Reinsurance Group of America Trading Down 1.1%

Reinsurance Group of America stock traded down $2.16 during trading hours on Friday, reaching $196.80. 259,807 shares of the company's stock traded hands, compared to its average volume of 412,504. The firm has a market capitalization of $13.01 billion, a price-to-earnings ratio of 18.32 and a beta of 0.63. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. Reinsurance Group of America has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. The firm's 50 day moving average is $194.92 and its 200-day moving average is $204.00.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, beating analysts' consensus estimates of $5.33 by $0.33. The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The firm's quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.02 EPS. On average, analysts predict that Reinsurance Group of America will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.81%. Reinsurance Group of America's payout ratio is 30.04%.

Hedge Funds Weigh In On Reinsurance Group of America

Several large investors have recently modified their holdings of the stock. Colonial Trust Co SC grew its stake in shares of Reinsurance Group of America by 72.2% in the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after acquiring an additional 57 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in shares of Reinsurance Group of America during the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC grew its position in shares of Reinsurance Group of America by 164.3% during the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock worth $29,000 after purchasing an additional 92 shares in the last quarter. TCTC Holdings LLC increased its holdings in shares of Reinsurance Group of America by 107.2% during the first quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider's stock worth $34,000 after purchasing an additional 89 shares during the period. Finally, Cornerstone Planning Group LLC raised its position in shares of Reinsurance Group of America by 224.1% in the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock valued at $33,000 after buying an additional 121 shares in the last quarter. 95.11% of the stock is owned by institutional investors.

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.