Reinsurance Group of America, Incorporated (NYSE:RGA) Receives Average Recommendation of “Moderate Buy” from Analysts

Reinsurance Group of America, Incorporated (NYSE:RGA) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $251.25.

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. increased their target price on shares of Reinsurance Group of America from $264.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Morgan Stanley increased their target price on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Reinsurance Group of America in a research report on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th.

Insider Buying and Selling at Reinsurance Group of America

In related news, EVP John W. Hayden sold 414 shares of Reinsurance Group of America stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total value of $88,989.30. Following the completion of the sale, the executive vice president owned 20,949 shares of the company’s stock, valued at approximately $4,502,987.55. The trade was a 1.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ronald Herrmann sold 7,000 shares of Reinsurance Group of America stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the completion of the sale, the executive vice president directly owned 3,938 shares of the company’s stock, valued at approximately $829,264.04. The trade was a 64.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Reinsurance Group of America

Institutional investors and hedge funds have recently modified their holdings of the business. Activest Wealth Management acquired a new stake in shares of Reinsurance Group of America in the 4th quarter valued at $30,000. Tobam lifted its stake in shares of Reinsurance Group of America by 244.7% in the 4th quarter. Tobam now owns 162 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 115 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Reinsurance Group of America in the 4th quarter valued at $35,000. Entrust Financial LLC acquired a new stake in shares of Reinsurance Group of America in the 4th quarter valued at $40,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Down 0.0%

RGA stock opened at $198.71 on Friday. Reinsurance Group of America has a 12-month low of $165.52 and a 12-month high of $229.21. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.46. The company has a market cap of $13.02 billion, a price-to-earnings ratio of 10.76 and a beta of 0.47. The company has a 50 day moving average of $208.06 and a two-hundred day moving average of $204.78.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter in the prior year, the firm earned $5.66 EPS. The company’s revenue was up 23.5% compared to the same quarter last year. On average, equities analysts anticipate that Reinsurance Group of America will post 26.88 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.93 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.9%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 20.15%.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.