Analysts Set Reinsurance Group of America, Incorporated (NYSE:RGA) PT at $227.77

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have been given a consensus rating of “Moderate Buy” by the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $227.77.

Several brokerages have recently weighed in on RGA. Barclays upped their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Piper Sandler upped their price objective on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price target on Reinsurance Group of America from $220.00 to $222.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Raymond James raised their target price on Reinsurance Group of America from $228.00 to $250.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, TD Cowen started coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price objective for the company.

Reinsurance Group of America Stock Performance

RGA opened at $207.54 on Friday. Reinsurance Group of America has a 1-year low of $159.82 and a 1-year high of $233.81. The company has a market cap of $13.67 billion, a price-to-earnings ratio of 19.06 and a beta of 0.93. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The company’s fifty day moving average price is $219.46 and its two-hundred day moving average price is $214.30.

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

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America’s payout ratio is 32.69%.

Institutional Trading of Reinsurance Group of America

Several large investors have recently made changes to their positions in RGA. Wealth Enhancement Advisory Services LLC increased its position in shares of 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 worth $760,000 after acquiring an additional 307 shares during the period. Family Firm Inc. acquired a new position in Reinsurance Group of America in the 2nd quarter valued at about $29,000. AlphaCentric Advisors LLC acquired a new stake in shares of Reinsurance Group of America during the second quarter worth $79,000. Lester Murray Antman dba SimplyRich acquired a new stake in shares of Reinsurance Group of America in the 2nd quarter worth $378,000. Finally, HB Wealth Management LLC boosted its holdings in Reinsurance Group of America by 83.6% in the 2nd quarter. HB Wealth Management LLC now owns 2,141 shares of the insurance provider’s stock valued at $440,000 after purchasing an additional 975 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

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.