Reinsurance Group of America, Incorporated (NYSE:RGA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Reinsurance Group of America, Incorporated (NYSE:RGA) has earned a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $227.77.

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Wells Fargo & Company lifted their price target on Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Royal Bank of Canada increased their price objective on Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Barclays boosted their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, TD Cowen assumed coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price target for the company.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $204.71 on Friday. The business has a 50-day simple moving average of $219.63 and a 200 day simple moving average of $214.17. Reinsurance Group of America has a 52 week low of $159.82 and a 52 week high of $233.81. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 18.80 and a beta of 0.93. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, topping the consensus estimate of $5.31 by $0.82. The company had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. During the same quarter in the previous year, the firm earned $5.57 earnings per share. Reinsurance Group of America’s revenue was up 9.7% on a year-over-year basis. On average, research analysts forecast that Reinsurance Group of America will post 21.67 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America’s payout ratio is currently 32.69%.

Insider Activity at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the transaction, the executive vice president now directly owns 12,357 shares of the company’s stock, valued at $2,705,812.29. The trade was a 8.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Reinsurance Group of America

Institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in Reinsurance Group of America by 9.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,701 shares of the insurance provider’s stock valued at $760,000 after purchasing an additional 307 shares in the last quarter. Family Firm Inc. acquired a new stake in Reinsurance Group of America in the 2nd quarter worth about $29,000. AlphaCentric Advisors LLC acquired a new stake in Reinsurance Group of America in the 2nd quarter worth about $79,000. Lester Murray Antman dba SimplyRich purchased a new stake in Reinsurance Group of America during the 2nd quarter worth approximately $378,000. Finally, HB Wealth Management LLC raised its holdings in shares of Reinsurance Group of America by 83.6% during the second quarter. HB Wealth Management LLC now owns 2,141 shares of the insurance provider’s stock valued at $440,000 after acquiring an additional 975 shares during the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

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.