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

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

Several analysts have commented on the stock. Keefe, Bruyette & Woods raised shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Raymond James increased their target price on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $220.00 to $222.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Finally, Barclays increased their price objective on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA opened at $230.70 on Monday. The business has a fifty day simple moving average of $219.09 and a 200 day simple moving average of $212.96. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. Reinsurance Group of America has a 1 year low of $157.48 and a 1 year high of $233.14. The firm has a market cap of $15.19 billion, a price-to-earnings ratio of 21.18 and a beta of 0.92.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping analysts’ consensus estimates of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period last year, the business earned $5.57 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts predict that Reinsurance Group of America will post 21.93 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be given a $0.89 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.56 annualized dividend and a dividend yield of 1.54%. Reinsurance Group of America’s dividend payout ratio is 32.69%.

Insider Buying and Selling

In related news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $218.97, for a total value of $264,734.73. Following the completion of the sale, the executive vice president now owns 12,357 shares in the company, valued at approximately $2,705,812.29. This trade represents a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Reinsurance Group of America

Several large investors have recently added to or reduced their stakes in RGA. Invst LLC acquired a new stake in shares of Reinsurance Group of America during the 3rd quarter worth approximately $229,000. Coldstream Capital Management Inc. boosted its stake in Reinsurance Group of America by 4.6% during the third quarter. Coldstream Capital Management Inc. now owns 11,953 shares of the insurance provider’s stock worth $2,606,000 after buying an additional 530 shares in the last quarter. Geode Capital Management LLC increased its holdings in Reinsurance Group of America by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider’s stock valued at $241,849,000 after buying an additional 18,162 shares during the period. Barclays PLC raised its stake in shares of Reinsurance Group of America by 5.5% in the 3rd quarter. Barclays PLC now owns 102,790 shares of the insurance provider’s stock valued at $22,396,000 after buying an additional 5,398 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Reinsurance Group of America by 22.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 42,520 shares of the insurance provider’s stock worth $9,264,000 after acquiring an additional 7,714 shares during the period. Institutional investors and hedge funds 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.