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

Reinsurance Group of America, Incorporated (NYSE:RGA) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $215.64.

Several brokerages recently commented on RGA. UBS Group boosted their price target on Reinsurance Group of America from $223.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Jefferies Financial Group boosted their target price on shares of Reinsurance Group of America from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Wells Fargo & Company increased their target price on shares of Reinsurance Group of America from $210.00 to $227.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Citigroup boosted their price target on shares of Reinsurance Group of America from $194.00 to $252.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Raymond James raised their price objective on shares of Reinsurance Group of America from $212.00 to $228.00 and gave the stock a “strong-buy” rating in a report on Friday, June 14th.

Insiders Place Their Bets

In other news, EVP John W. Hayden sold 1,767 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $206.85, for a total transaction of $365,503.95. Following the completion of the sale, the executive vice president now owns 16,490 shares in the company, valued at $3,410,956.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Reinsurance Group of America

Institutional investors have recently modified their holdings of the business. Covestor Ltd boosted its stake in Reinsurance Group of America by 20.3% in the first quarter. Covestor Ltd now owns 374 shares of the insurance provider’s stock valued at $72,000 after acquiring an additional 63 shares during the last quarter. Toth Financial Advisory Corp grew its stake in shares of Reinsurance Group of America by 41.2% during the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 70 shares during the period. GAMMA Investing LLC increased its holdings in Reinsurance Group of America by 16.5% in the second quarter. GAMMA Investing LLC now owns 559 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 79 shares during the last quarter. Tectonic Advisors LLC lifted its stake in Reinsurance Group of America by 4.3% in the fourth quarter. Tectonic Advisors LLC now owns 1,979 shares of the insurance provider’s stock valued at $320,000 after buying an additional 82 shares during the period. Finally, Hilltop National Bank boosted its holdings in Reinsurance Group of America by 13.1% during the second quarter. Hilltop National Bank now owns 706 shares of the insurance provider’s stock worth $145,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Up 1.1 %

Shares of Reinsurance Group of America stock opened at $221.58 on Tuesday. Reinsurance Group of America has a 52-week low of $135.07 and a 52-week high of $223.85. The firm has a market capitalization of $14.58 billion, a PE ratio of 17.22 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.19 and a quick ratio of 0.19. The company’s fifty day moving average price is $208.76 and its two-hundred day moving average price is $191.76.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Friday, May 3rd. The insurance provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $4.55 by $1.47. The business had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $4.54 billion. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. During the same quarter in the previous year, the firm posted $5.16 earnings per share. On average, analysts expect that Reinsurance Group of America will post 21.11 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.53%. The ex-dividend date was Monday, May 13th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 26.42%.

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.