Reinsurance Group of America (NYSE:RGA) Price Target Lowered to $250.00 at Keefe, Bruyette & Woods

Reinsurance Group of America (NYSE:RGA) had its price objective lowered by Keefe, Bruyette & Woods from $275.00 to $250.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the insurance provider’s stock.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company increased their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. UBS Group restated a “neutral” rating and set a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Piper Sandler decreased their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $232.00 to $237.00 in a report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $230.15.

Reinsurance Group of America Stock Performance

NYSE RGA traded down $8.06 during trading on Wednesday, hitting $173.84. 233,508 shares of the company’s stock traded hands, compared to its average volume of 512,276. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 16.19 and a beta of 0.70. The business has a 50 day moving average of $196.00 and a 200-day moving average of $211.15. Reinsurance Group of America has a 12-month low of $159.25 and a 12-month high of $233.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. As a group, equities research analysts anticipate that Reinsurance Group of America will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s payout ratio is 33.15%.

Hedge Funds Weigh In On Reinsurance Group of America

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Spire Wealth Management increased its position in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 57 shares during the period. Colonial Trust Co SC raised its position in Reinsurance Group of America by 72.2% during the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock valued at $29,000 after buying an additional 57 shares during the period. Keybank National Association OH boosted its holdings in shares of Reinsurance Group of America by 2.6% during the fourth quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider’s stock worth $500,000 after purchasing an additional 59 shares during the period. Inspire Investing LLC increased its position in Reinsurance Group of America by 0.5% in the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider’s stock worth $3,039,000 after purchasing an additional 72 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its position in Reinsurance Group of America by 2.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider’s stock valued at $715,000 after acquiring an additional 77 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

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.