Reinsurance Group of America (RGA) – Research Analysts’ Weekly Ratings Changes

Posted by Micah Haroldson on Oct 24th, 2024

Several brokerages have updated their recommendations and price targets on shares of Reinsurance Group of America (NYSE: RGA) in the last few weeks:

10/17/2024 – Reinsurance Group of America was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
10/10/2024 – Reinsurance Group of America had its price target raised by analysts at Wells Fargo & Company from $239.00 to $244.00. They now have an “overweight” rating on the stock.
10/9/2024 – Reinsurance Group of America was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
10/9/2024 – Reinsurance Group of America is now covered by analysts at TD Cowen. They set a “hold” rating and a $235.00 price target on the stock.
10/8/2024 – Reinsurance Group of America had its price target lowered by analysts at Barclays PLC from $255.00 to $250.00. They now have an “overweight” rating on the stock.
10/3/2024 – Reinsurance Group of America was upgraded by analysts at Keefe, Bruyette & Woods from a “moderate buy” rating to a “strong-buy” rating.
10/3/2024 – Reinsurance Group of America had its price target raised by analysts at JPMorgan Chase & Co. from $220.00 to $222.00. They now have a “neutral” rating on the stock.
10/2/2024 – Reinsurance Group of America had its price target raised by analysts at Piper Sandler from $237.00 to $242.00. They now have an “overweight” rating on the stock.
9/27/2024 – Reinsurance Group of America was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
9/24/2024 – Reinsurance Group of America had its price target raised by analysts at Raymond James from $228.00 to $250.00. They now have a “strong-buy” rating on the stock.
9/5/2024 – Reinsurance Group of America was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
9/4/2024 – Reinsurance Group of America is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $255.00 price target on the stock.

Reinsurance Group of America Price Performance

NYSE RGA traded up $0.16 during mid-day trading on Thursday, hitting $212.83. The stock had a trading volume of 3,596 shares, compared to its average volume of 352,847. The firm’s 50 day moving average is $215.19 and its 200 day moving average is $207.94. Reinsurance Group of America, Incorporated has a twelve month low of $144.74 and a twelve month high of $227.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $14.00 billion, a price-to-earnings ratio of 16.54 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The insurance provider reported $5.48 EPS for the quarter, beating the consensus estimate of $4.94 by $0.54. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the prior year, the company earned $4.40 EPS. The firm’s revenue was up 17.4% compared to the same quarter last year. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 21.8 earnings per share for the current fiscal year.

Reinsurance Group of America Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were paid a $0.89 dividend. The ex-dividend date of this dividend was Friday, August 9th. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.85. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.67%. Reinsurance Group of America’s dividend payout ratio (DPR) is 27.66%.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value of $264,734.73. Following the completion of the sale, the executive vice president now directly owns 12,357 shares of the company’s stock, valued at $2,705,812.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Institutional Trading of Reinsurance Group of America

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Armstrong Advisory Group Inc. purchased a new position in shares of Reinsurance Group of America during the 3rd quarter worth $25,000. New Covenant Trust Company N.A. purchased a new position in shares of Reinsurance Group of America during the 1st quarter worth $28,000. International Assets Investment Management LLC purchased a new position in shares of Reinsurance Group of America during the 2nd quarter worth $28,000. Family Firm Inc. purchased a new position in shares of Reinsurance Group of America during the 2nd quarter worth $29,000. Finally, LRI Investments LLC purchased a new position in shares of Reinsurance Group of America during the 1st quarter worth $33,000. 95.11% of the stock is owned by institutional investors and hedge funds.

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.