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

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 given a dividend of 0.89 per share by the insurance provider on Tuesday, March 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.55%.

Reinsurance Group of America has increased its dividend payment by an average of 6.8% per year over the last three years and has raised its dividend every year for the last 15 years. Reinsurance Group of America has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities 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

Shares of NYSE:RGA opened at $230.04 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The firm has a 50-day simple moving average of $219.11 and a 200 day simple moving average of $217.39. Reinsurance Group of America has a fifty-two week low of $165.38 and a fifty-two week high of $233.81. The company has a market cap of $15.15 billion, a PE ratio of 21.12 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA) last announced 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 return on equity of 15.01% and a net margin of 3.32%. On average, sell-side analysts anticipate that Reinsurance Group of America will post 21.4 EPS for the current year.

Analyst Upgrades and Downgrades

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