Reinsurance Group of America (NYSE:RGA) Posts Earnings Results, Misses Expectations By $0.23 EPS

Reinsurance Group of America (NYSE:RGA) posted its quarterly earnings results on Thursday. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23), Zacks reports. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%.

Reinsurance Group of America Stock Down 9.7 %

RGA stock traded down $22.46 on Friday, hitting $208.03. 557,307 shares of the company’s stock were exchanged, compared to its average volume of 412,865. The firm has a 50 day moving average price of $219.12 and a two-hundred day moving average price of $217.48. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. Reinsurance Group of America has a 12-month low of $165.38 and a 12-month high of $233.81. The stock has a market cap of $13.70 billion, a P/E ratio of 19.13 and a beta of 0.93.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.71%. Reinsurance Group of America’s payout ratio is 32.69%.

Wall Street Analyst Weigh In

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