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

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $228.31.

Several research firms have commented on RGA. Raymond James boosted their target price on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. boosted their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Wells Fargo & Company upped 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. StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Finally, Piper Sandler upped their price objective on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd.

Reinsurance Group of America Stock Performance

RGA stock opened at $223.16 on Tuesday. 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 company has a market capitalization of $14.70 billion, a price-to-earnings ratio of 20.49 and a beta of 0.94. Reinsurance Group of America has a 12 month low of $163.81 and a 12 month high of $233.81. The firm has a 50 day moving average of $219.83 and a two-hundred day moving average of $215.94.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, topping the consensus estimate of $5.31 by $0.82. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.57 earnings per share. As a group, equities analysts anticipate that Reinsurance Group of America will post 21.4 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio is 32.69%.

Hedge Funds Weigh In On Reinsurance Group of America

Hedge funds have recently made changes to their positions in the business. Armstrong Advisory Group Inc. acquired a new position in shares of Reinsurance Group of America in the 3rd quarter valued at $25,000. Private Trust Co. NA raised its stake in shares of Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after buying an additional 120 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in shares of Reinsurance Group of America in the 3rd quarter valued at $34,000. Strengthening Families & Communities LLC acquired a new position in shares of Reinsurance Group of America in the 3rd quarter valued at $36,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Reinsurance Group of America during the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

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.