Reinsurance Group of America’s (RGA) “Neutral” Rating Reiterated at UBS Group

UBS Group reissued their neutral rating on shares of Reinsurance Group of America (NYSE:RGA) in a research note released on Wednesday morning, Marketbeat Ratings reports. They currently have a $216.00 target price on the insurance provider’s stock, down from their previous target price of $250.00.

Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $232.00 to $237.00 in a research note on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Piper Sandler decreased their target price on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Barclays reduced their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Evercore ISI lowered their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Reinsurance Group of America has an average rating of “Moderate Buy” and an average price target of $230.38.

Reinsurance Group of America Trading Down 7.9 %

Shares of RGA opened at $172.27 on Wednesday. The stock has a 50 day simple moving average of $201.62 and a 200-day simple moving average of $212.73. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The stock has a market cap of $11.37 billion, a PE ratio of 16.04 and a beta of 0.91. Reinsurance Group of America has a 1 year low of $170.19 and a 1 year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. On average, sell-side analysts predict that Reinsurance Group of America will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a yield of 2.07%. Reinsurance Group of America’s payout ratio is presently 33.15%.

Institutional Trading of Reinsurance Group of America

Several institutional investors and hedge funds have recently made changes to their positions in RGA. Vanguard Group Inc. increased its stake in shares of Reinsurance Group of America by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider’s stock valued at $1,541,121,000 after acquiring an additional 51,733 shares during the last quarter. FMR LLC grew its holdings in Reinsurance Group of America by 11.1% during the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider’s stock valued at $1,205,042,000 after purchasing an additional 564,693 shares during the period. WCM Investment Management LLC increased its stake in Reinsurance Group of America by 1.4% in the fourth quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider’s stock valued at $526,911,000 after purchasing an additional 33,082 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Reinsurance Group of America by 389.4% in the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider’s stock worth $239,911,000 after purchasing an additional 893,537 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Reinsurance Group of America by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider’s stock worth $238,031,000 after purchasing an additional 4,106 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Company Profile

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.