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

Reinsurance Group of America, Incorporated (NYSE:RGA) has earned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $262.5556.

RGA has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Reinsurance Group of America from $269.00 to $291.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Evercore reissued an “outperform” rating and issued a $267.00 target price on shares of Reinsurance Group of America in a report on Monday, May 18th. Morgan Stanley boosted their price target on Reinsurance Group of America from $223.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, August 24th. UBS Group raised Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. increased their price objective on Reinsurance Group of America from $286.00 to $293.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th.

Reinsurance Group of America Stock Up 0.5%

NYSE:RGA opened at $248.74 on Friday. The firm has a market cap of $16.24 billion, a P/E ratio of 10.92 and a beta of 0.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.14 and a current ratio of 0.14. Reinsurance Group of America has a fifty-two week low of $178.21 and a fifty-two week high of $257.81. The firm has a 50-day simple moving average of $241.64 and a two-hundred day simple moving average of $220.17.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, August 6th. The insurance provider reported $8.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.39. Reinsurance Group of America had a net margin of 5.81% and a return on equity of 14.78%. The firm had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.67 billion. During the same quarter in the prior year, the firm posted $4.72 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. Analysts predict that Reinsurance Group of America will post 29.68 earnings per share for the current fiscal year.

Reinsurance Group of America Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were paid a dividend of $0.98 per share. The ex-dividend date was Tuesday, August 18th. This represents a $3.92 annualized dividend and a yield of 1.6%. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.93. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 17.22%.

Insider Transactions at Reinsurance Group of America

In other news, EVP Jonathan Porter sold 8,589 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $246.30, for a total transaction of $2,115,470.70. Following the sale, the executive vice president owned 14,885 shares of the company’s stock, valued at $3,666,175.50. This trade represents a 36.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Reinsurance Group of America

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tobam lifted its stake in shares of Reinsurance Group of America by 244.7% in the 4th quarter. Tobam now owns 162 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 115 shares during the period. International Assets Investment Management LLC purchased a new stake in Reinsurance Group of America during the fourth quarter valued at approximately $35,000. Advisory Services Network LLC bought a new position in Reinsurance Group of America in the third quarter worth approximately $38,000. Entrust Financial LLC purchased a new position in shares of Reinsurance Group of America during the 4th quarter worth $40,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Reinsurance Group of America during the 3rd quarter worth $44,000. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE:RGA) is a global provider of life and health reinsurance. The company helps insurance and financial services companies manage mortality, longevity, morbidity and other risks by assuming portions of their insurance obligations and providing capital and risk-management support.

RGA’s business includes traditional life reinsurance, health reinsurance, longevity solutions and financial solutions. Its offerings support products such as life insurance, annuities, critical illness coverage, disability insurance and other health-related protection products.