Reinsurance Group of America, Incorporated (NYSE:RGA) Receives $241.56 Average Price Target from Analysts

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have earned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $241.5556.

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Wells Fargo & Company dropped their price objective on shares of Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Barclays reissued an “overweight” rating and issued a $246.00 price objective on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Raymond James Financial downgraded shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research report on Friday, October 17th. Finally, Morgan Stanley dropped their price objective on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th.

Institutional Investors Weigh In On Reinsurance Group of America

Large investors have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Reinsurance Group of America by 0.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 62,393 shares of the insurance provider’s stock valued at $11,988,000 after buying an additional 441 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in shares of Reinsurance Group of America by 7.3% in the 3rd quarter. Tectonic Advisors LLC now owns 3,017 shares of the insurance provider’s stock valued at $580,000 after buying an additional 205 shares in the last quarter. Ethic Inc. boosted its holdings in shares of Reinsurance Group of America by 1.8% in the 3rd quarter. Ethic Inc. now owns 4,852 shares of the insurance provider’s stock valued at $932,000 after buying an additional 84 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Reinsurance Group of America by 6.0% in the 3rd quarter. Blue Trust Inc. now owns 4,691 shares of the insurance provider’s stock valued at $901,000 after buying an additional 265 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Reinsurance Group of America by 511.0% in the 3rd quarter. Pacer Advisors Inc. now owns 12,355 shares of the insurance provider’s stock valued at $2,374,000 after buying an additional 10,333 shares in the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Price Performance

Shares of RGA opened at $188.21 on Thursday. Reinsurance Group of America has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. The firm’s 50 day moving average price is $191.73 and its 200 day moving average price is $193.14. The company has a market cap of $12.44 billion, a P/E ratio of 16.34 and a beta of 0.60. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share for the quarter, missing the consensus estimate of $5.58 by ($0.86). Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.70 billion. During the same period in the previous year, the company earned $5.48 earnings per share. Reinsurance Group of America’s quarterly revenue was up 14.8% on a year-over-year basis. On average, research analysts forecast that Reinsurance Group of America will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were given a $0.93 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.89. Reinsurance Group of America’s payout ratio is currently 32.29%.

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.