Reinsurance Group of America, Incorporated (NYSE:RGA) Given Average Rating of “Moderate Buy” by Analysts

Reinsurance Group of America, Incorporated (NYSE:RGA) has received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $229.62.

A number of research firms recently issued reports on RGA. JPMorgan Chase & Co. lifted their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Morgan Stanley cut their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Barclays cut their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Piper Sandler cut their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th.

Reinsurance Group of America Stock Up 0.9 %

Shares of RGA opened at $187.69 on Wednesday. Reinsurance Group of America has a 52 week low of $178.84 and a 52 week high of $233.81. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 17.48 and a beta of 0.91. The stock’s 50-day moving average price is $211.52 and its 200-day moving average price is $215.48.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. On average, sell-side analysts predict that Reinsurance Group of America will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America’s payout ratio is 33.15%.

Institutional Investors Weigh In On Reinsurance Group of America

A number of large investors have recently modified their holdings of RGA. Colonial Trust Co SC boosted its position in shares of Reinsurance Group of America by 72.2% during the 4th 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 during the last quarter. Private Trust Co. NA boosted its position in shares of Reinsurance Group of America by 333.3% during the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 120 shares during the last quarter. Strengthening Families & Communities LLC acquired a new position in shares of Reinsurance Group of America during the 3rd quarter valued at about $36,000. Capital Performance Advisors LLP acquired a new position in shares of Reinsurance Group of America during the 3rd quarter valued at about $37,000. Finally, Spire Wealth Management boosted its position in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

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.