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

Reinsurance Group of America, Incorporated (NYSE:RGA) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $228.31.

RGA has been the topic of a number of recent research reports. Piper Sandler decreased their target price on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research report on Monday. Barclays cut their target price on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. 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 research note on Tuesday, January 7th. Royal Bank of Canada restated an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday. Finally, StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th.

Reinsurance Group of America Stock Up 1.2 %

Shares of RGA stock opened at $198.95 on Friday. The stock has a 50 day moving average of $217.62 and a 200-day moving average of $217.10. The firm has a market cap of $13.10 billion, a PE ratio of 18.52 and a beta of 0.93. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. 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 quarterly 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 3.24% and a return on equity of 14.80%. On average, equities analysts predict that Reinsurance Group of America will post 23.14 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.79%. Reinsurance Group of America’s dividend payout ratio (DPR) is 33.15%.

Hedge Funds Weigh In On Reinsurance Group of America

A number of institutional investors have recently modified their holdings of the stock. Thoroughbred Financial Services LLC increased its holdings in shares of Reinsurance Group of America by 3.6% in the fourth quarter. Thoroughbred Financial Services LLC now owns 6,237 shares of the insurance provider’s stock valued at $1,332,000 after purchasing an additional 215 shares in the last quarter. ExodusPoint Capital Management LP increased its stake in shares of Reinsurance Group of America by 293.4% in the 4th quarter. ExodusPoint Capital Management LP now owns 47,288 shares of the insurance provider’s stock valued at $10,102,000 after buying an additional 35,269 shares during the period. World Investment Advisors raised its position in shares of Reinsurance Group of America by 10.0% during the fourth quarter. World Investment Advisors now owns 2,751 shares of the insurance provider’s stock worth $588,000 after acquiring an additional 251 shares during the last quarter. Nicolet Advisory Services LLC lifted its stake in shares of Reinsurance Group of America by 16.6% during the fourth quarter. Nicolet Advisory Services LLC now owns 1,543 shares of the insurance provider’s stock valued at $333,000 after acquiring an additional 220 shares during the period. Finally, Huntington National Bank boosted its holdings in Reinsurance Group of America by 11.8% in the fourth quarter. Huntington National Bank now owns 1,260 shares of the insurance provider’s stock valued at $269,000 after acquiring an additional 133 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

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.