Barclays Issues Positive Forecast for Reinsurance Group of America (NYSE:RGA) Stock Price

Reinsurance Group of America (NYSE:RGA) had its price objective upped by Barclays from $250.00 to $255.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the insurance provider’s stock.

RGA has been the topic of a number of other research reports. Keefe, Bruyette & Woods raised Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. TD Cowen assumed coverage on Reinsurance Group of America in a research report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price objective for the company. Royal Bank of Canada increased their target price on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Raymond James lifted their price target on Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 24th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $227.77.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA opened at $231.43 on Friday. Reinsurance Group of America has a 12 month low of $157.48 and a 12 month high of $233.81. The firm has a market capitalization of $15.24 billion, a price-to-earnings ratio of 21.25 and a beta of 0.92. The business’s 50 day simple moving average is $219.35 and its 200-day simple moving average is $213.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, topping the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same period in the previous year, the firm earned $5.57 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities analysts forecast that Reinsurance Group of America will post 21.93 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be given a dividend of $0.89 per share. The ex-dividend date is Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 1.54%. Reinsurance Group of America’s dividend payout ratio (DPR) is 32.69%.

Insider Activity at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total value of $264,734.73. Following the completion of the sale, the executive vice president now owns 12,357 shares of the company’s stock, valued at $2,705,812.29. This trade represents a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RGA. Armstrong Advisory Group Inc. acquired a new position in Reinsurance Group of America in the 3rd quarter worth $25,000. New Covenant Trust Company N.A. purchased a new position in Reinsurance Group of America in the first quarter valued at about $28,000. International Assets Investment Management LLC purchased a new position in Reinsurance Group of America in the second quarter valued at about $28,000. Family Firm Inc. acquired a new stake in Reinsurance Group of America during the 2nd quarter valued at approximately $29,000. Finally, LRI Investments LLC purchased a new stake in Reinsurance Group of America during the 1st quarter worth approximately $33,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

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.