Reinsurance Group of America (NYSE:RGA) Trading Up 4.6% – Should You Buy?

Reinsurance Group of America, Incorporated (NYSE:RGA)’s share price traded up 4.6% on Monday . The stock traded as high as $200.14 and last traded at $198.17. 110,400 shares traded hands during trading, a decline of 79% from the average session volume of 535,086 shares. The stock had previously closed at $189.38.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. Morgan Stanley dropped their target price on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Barclays lowered their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company raised their price objective on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Piper Sandler reduced their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $229.62.

Reinsurance Group of America Price Performance

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 stock has a market capitalization of $13.16 billion, a PE ratio of 18.56 and a beta of 0.93. The company’s fifty day simple moving average is $214.48 and its two-hundred day simple moving average is $216.35.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. As a group, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.79%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is 33.15%.

Institutional Trading of Reinsurance Group of America

A number of institutional investors have recently modified their holdings of RGA. Colonial Trust Co SC boosted its position in shares of Reinsurance Group of America by 72.2% in the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock worth $29,000 after buying an additional 57 shares during the period. Private Trust Co. NA boosted its stake in Reinsurance Group of America by 333.3% during the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 120 shares during the last quarter. Strengthening Families & Communities LLC bought a new stake in Reinsurance Group of America in the third quarter valued at about $36,000. Capital Performance Advisors LLP acquired a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at approximately $37,000. Finally, Spire Wealth Management lifted its position in shares of Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after buying an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

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.