Reinsurance Group of America, Incorporated (NYSE:RGA) to Issue $0.89 Quarterly Dividend

Reinsurance Group of America, Incorporated (NYSE:RGA) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.89 per share by the insurance provider on Tuesday, March 4th. This represents a $3.56 annualized dividend and a dividend yield of 1.55%.

Reinsurance Group of America has increased its dividend by an average of 6.8% per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Reinsurance Group of America has a payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Reinsurance Group of America to earn $23.15 per share next year, which means the company should continue to be able to cover its $3.56 annual dividend with an expected future payout ratio of 15.4%.

Reinsurance Group of America Price Performance

NYSE:RGA traded up $0.54 during mid-day trading on Thursday, reaching $230.04. The stock had a trading volume of 626,243 shares, compared to its average volume of 410,139. The stock has a 50-day simple moving average of $219.11 and a two-hundred day simple moving average of $217.39. The stock has a market capitalization of $15.15 billion, a PE ratio of 21.12 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. Reinsurance Group of America has a 12 month low of $165.38 and a 12 month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. On average, equities analysts anticipate that Reinsurance Group of America will post 21.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RGA shares. Barclays cut their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company lifted their price target on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada lifted their target price on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.31.

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.