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

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $251.25.

Several research analysts have weighed in on RGA shares. Evercore reiterated an “outperform” rating and issued a $267.00 target price on shares of Reinsurance Group of America in a research note on Monday, May 18th. Piper Sandler lowered their target price on Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. UBS Group lifted their target price on Reinsurance Group of America from $216.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th.

Reinsurance Group of America Trading Down 1.0%

NYSE:RGA opened at $204.80 on Friday. The stock’s 50 day moving average price is $208.14 and its 200 day moving average price is $204.60. The company has a market capitalization of $13.42 billion, a PE ratio of 11.09 and a beta of 0.50. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.46. Reinsurance Group of America has a 52-week low of $165.52 and a 52-week high of $229.21.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.47 billion. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the business posted $5.66 EPS. On average, research analysts anticipate that Reinsurance Group of America will post 26.88 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be paid a $0.93 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.8%. Reinsurance Group of America’s payout ratio is 20.15%.

Insider Buying and Selling

In related news, EVP Ronald Herrmann sold 7,000 shares of Reinsurance Group of America stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $210.58, for a total value of $1,474,060.00. Following the sale, the executive vice president directly owned 3,938 shares in the company, valued at $829,264.04. The trade was a 64.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John W. Hayden sold 414 shares of Reinsurance Group of America stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total value of $88,989.30. Following the completion of the sale, the executive vice president owned 20,949 shares in the company, valued at approximately $4,502,987.55. This trade represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by insiders.

Institutional Trading of Reinsurance Group of America

A number of institutional investors have recently modified their holdings of RGA. Activest Wealth Management purchased a new stake in shares of Reinsurance Group of America in the fourth quarter valued at approximately $30,000. Tobam boosted its stake in shares of Reinsurance Group of America by 244.7% in the fourth quarter. Tobam now owns 162 shares of the insurance provider’s stock valued at $33,000 after buying an additional 115 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Reinsurance Group of America in the fourth quarter valued at approximately $35,000. Advisory Services Network LLC purchased a new stake in shares of Reinsurance Group of America in the third quarter valued at approximately $38,000. Finally, Entrust Financial LLC purchased a new stake in shares of Reinsurance Group of America in the fourth quarter valued at approximately $40,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.