Reinsurance Group of America (NYSE:RGA) Posts Quarterly Earnings Results, Misses Expectations By $0.23 EPS

Reinsurance Group of America (NYSE:RGA) posted its quarterly earnings data on Thursday. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.22 by ($0.23), Zacks reports. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%.

Reinsurance Group of America Stock Up 0.2 %

Shares of NYSE RGA traded up $0.54 during midday trading on Thursday, reaching $230.04. 626,245 shares of the company’s stock were exchanged, compared to its average volume of 410,152. The stock has a market capitalization of $15.15 billion, a PE ratio of 21.12 and a beta of 0.93. Reinsurance Group of America has a 52-week low of $165.38 and a 52-week high of $233.81. The business’s fifty day moving average price is $219.11 and its two-hundred day moving average price is $217.39. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.55%. Reinsurance Group of America’s payout ratio is 32.69%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RGA shares. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. TD Cowen started coverage on Reinsurance Group of America in a report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 target price on the stock. Barclays reduced their target price on 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. Finally, Royal Bank of Canada raised their price objective on Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $228.31.

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.