Reinsurance Group of America, Incorporated (NYSE:RGA) Receives $227.77 Average Price Target from Brokerages

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $227.77.

RGA has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. Barclays lifted their target price on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Wells Fargo & Company boosted their price objective 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. Finally, TD Cowen began coverage on Reinsurance Group of America in a research note on Wednesday, October 9th. They set a “hold” rating and a $235.00 target price on the stock.

Reinsurance Group of America Price Performance

Shares of RGA opened at $213.29 on Friday. Reinsurance Group of America has a fifty-two week low of $160.01 and a fifty-two week high of $233.81. The firm’s 50-day simple moving average is $218.90 and its two-hundred day simple moving average is $214.36. The stock has a market cap of $14.05 billion, a PE ratio of 19.59 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping the consensus estimate of $5.31 by $0.82. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.57 EPS. Analysts anticipate that Reinsurance Group of America will post 21.67 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Friday, November 8th. 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 is currently 32.69%.

Institutional Trading of Reinsurance Group of America

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RGA. Armstrong Advisory Group Inc. bought a new position in shares of Reinsurance Group of America in the third quarter worth about $25,000. International Assets Investment Management LLC purchased a new position in Reinsurance Group of America during the second quarter valued at approximately $28,000. Family Firm Inc. bought a new position in shares of Reinsurance Group of America in the second quarter worth approximately $29,000. Wolff Wiese Magana LLC bought a new position in shares of Reinsurance Group of America in the third quarter worth approximately $34,000. Finally, Private Trust Co. NA increased its stake in shares of Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 120 shares in the last quarter. 95.11% of the stock is owned by hedge funds and other 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.