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

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $228.31.

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised 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. Piper Sandler increased their price target on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Raymond James increased their price target on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a research report on Tuesday, September 24th. Royal Bank of Canada increased their price target on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd.

Reinsurance Group of America Price Performance

RGA stock opened at $223.16 on Tuesday. The firm has a 50 day moving average of $219.83 and a 200-day moving average of $215.86. The firm has a market capitalization of $14.70 billion, a P/E ratio of 20.49 and a beta of 0.94. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. Reinsurance Group of America has a 12 month low of $163.81 and a 12 month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.57 EPS. As a group, sell-side analysts predict that Reinsurance Group of America will post 21.4 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 32.69%.

Institutional Trading of Reinsurance Group of America

Several large investors have recently added to or reduced their stakes in RGA. Armstrong Advisory Group Inc. bought a new stake in Reinsurance Group of America in the third quarter valued at $25,000. Wolff Wiese Magana LLC purchased a new position in Reinsurance Group of America during the third quarter valued at $34,000. Private Trust Co. NA lifted its position in Reinsurance Group of America by 333.3% during the third 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 during the period. Strengthening Families & Communities LLC purchased a new position in Reinsurance Group of America during the third quarter valued at $36,000. Finally, Capital Performance Advisors LLP purchased a new position in Reinsurance Group of America during the third quarter valued at $37,000. Institutional investors 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.