Reinsurance Group of America Inc (RGA) Receives Consensus Rating of “Hold” from Brokerages

Reinsurance Group of America Inc (NYSE:RGA) has received an average rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $148.75.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a research note on Monday, August 27th. Credit Suisse Group cut their target price on shares of Reinsurance Group of America from $155.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, August 17th. ValuEngine upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley dropped their price objective on shares of Reinsurance Group of America from $132.00 to $131.00 and set an “underweight” rating for the company in a research report on Wednesday, July 11th. Finally, Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a “market perform” rating to an “outperform” rating and set a $100.00 price objective for the company in a research report on Monday, July 30th.

A number of hedge funds have recently bought and sold shares of RGA. Voya Investment Management LLC grew its holdings in Reinsurance Group of America by 1,282.4% during the 2nd quarter. Voya Investment Management LLC now owns 722,721 shares of the insurance provider’s stock worth $96,468,000 after acquiring an additional 670,441 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in shares of Reinsurance Group of America by 4,168.7% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 516,642 shares of the insurance provider’s stock valued at $74,686,000 after buying an additional 504,539 shares during the period. Nuance Investments LLC grew its holdings in shares of Reinsurance Group of America by 432.1% in the 2nd quarter. Nuance Investments LLC now owns 432,328 shares of the insurance provider’s stock valued at $57,707,000 after buying an additional 351,078 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of Reinsurance Group of America by 33.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 989,410 shares of the insurance provider’s stock valued at $143,029,000 after buying an additional 248,223 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in shares of Reinsurance Group of America by 19.9% in the 1st quarter. Allianz Asset Management GmbH now owns 1,017,851 shares of the insurance provider’s stock valued at $156,750,000 after buying an additional 168,933 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Shares of NYSE:RGA traded down $0.05 during trading on Friday, reaching $143.61. The stock had a trading volume of 390,646 shares, compared to its average volume of 392,290. Reinsurance Group of America has a 52 week low of $127.84 and a 52 week high of $165.12. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $9.14 billion, a P/E ratio of 13.25 and a beta of 0.74.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 25th. The insurance provider reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.29 by $0.74. Reinsurance Group of America had a net margin of 14.21% and a return on equity of 8.26%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.20 billion. As a group, analysts forecast that Reinsurance Group of America will post 12.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Tuesday, November 6th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.67%. The ex-dividend date is Monday, November 5th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 22.14%.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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Analyst Recommendations for Reinsurance Group of America (NYSE:RGA)

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