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

UBS Group reissued their neutral rating on shares of Reinsurance Group of America (NYSE:RGA) in a report published on Wednesday, MarketBeat Ratings reports. The firm currently has a $216.00 target price on the insurance provider’s stock, down from their previous target price of $250.00.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company increased their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Royal Bank of Canada restated an “outperform” rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Evercore ISI dropped their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Barclays reduced their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Piper Sandler dropped their target price on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $230.38.

Reinsurance Group of America Trading Up 0.8 %

NYSE RGA opened at $199.89 on Wednesday. The firm’s fifty day moving average is $203.41 and its two-hundred day moving average is $213.23. Reinsurance Group of America has a one year low of $178.84 and a one year high of $233.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The firm has a market cap of $13.20 billion, a PE ratio of 18.61 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results 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 return on equity of 14.55% and a net margin of 3.24%. Analysts expect that Reinsurance Group of America will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is currently 33.15%.

Institutional Investors Weigh In On Reinsurance Group of America

Several institutional investors and hedge funds have recently made changes to their positions in the business. Alliancebernstein L.P. increased its holdings in Reinsurance Group of America by 389.4% during the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider’s stock valued at $239,911,000 after acquiring an additional 893,537 shares in the last quarter. Norges Bank acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at approximately $174,082,000. FMR LLC increased its stake in shares of Reinsurance Group of America by 11.1% during the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider’s stock worth $1,205,042,000 after purchasing an additional 564,693 shares in the last quarter. Tidal Investments LLC raised its position in shares of Reinsurance Group of America by 6,944.4% during the 4th quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider’s stock worth $60,963,000 after purchasing an additional 281,317 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Reinsurance Group of America by 34.4% in the 4th quarter. Invesco Ltd. now owns 944,635 shares of the insurance provider’s stock valued at $201,802,000 after buying an additional 241,669 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

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.