Shares of Reinsurance Group of America Inc (NYSE:RGA) have been assigned an average rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $147.75.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a research report on Monday, June 4th. Keefe, Bruyette & Woods raised shares of Reinsurance Group of America from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research report on Monday, July 30th. Credit Suisse Group reduced their price target on shares of Reinsurance Group of America from $155.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, August 17th. ValuEngine cut shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Finally, Morgan Stanley reduced their price target on shares of Reinsurance Group of America from $132.00 to $131.00 and set an “underweight” rating for the company in a research report on Wednesday, July 11th.

Reinsurance Group of America stock opened at $143.37 on Friday. The firm has a market cap of $9.30 billion, a PE ratio of 13.23 and a beta of 0.81. Reinsurance Group of America has a 12-month low of $131.72 and a 12-month high of $165.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.12 and a quick ratio of 0.12.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, July 26th. The insurance provider reported $3.10 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.04). Reinsurance Group of America had a net margin of 13.72% and a return on equity of 7.99%. The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the firm earned $2.95 earnings per share. Reinsurance Group of America’s revenue was up 2.1% on a year-over-year basis. sell-side analysts forecast that Reinsurance Group of America will post 11.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Investors of record on Tuesday, August 7th were paid a dividend of $0.60 per share. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, August 6th. This represents a $2.40 annualized dividend and a dividend yield of 1.67%. Reinsurance Group of America’s dividend payout ratio is presently 22.14%.

In other news, Director John J. Gauthier acquired 1,000 shares of Reinsurance Group of America stock in a transaction that occurred on Tuesday, July 31st. The shares were acquired at an average price of $140.19 per share, with a total value of $140,190.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $280,380. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.69% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Reinsurance Group of America by 1.1% during the first quarter. BlackRock Inc. now owns 5,970,526 shares of the insurance provider’s stock valued at $919,462,000 after buying an additional 65,726 shares during the period. Boston Partners raised its stake in Reinsurance Group of America by 3.3% during the second quarter. Boston Partners now owns 2,207,709 shares of the insurance provider’s stock worth $294,685,000 after purchasing an additional 70,038 shares during the period. Earnest Partners LLC raised its stake in Reinsurance Group of America by 3.4% during the second quarter. Earnest Partners LLC now owns 1,041,384 shares of the insurance provider’s stock worth $139,004,000 after purchasing an additional 34,069 shares during the period. Allianz Asset Management GmbH raised its stake in Reinsurance Group of America by 19.9% during the first quarter. Allianz Asset Management GmbH now owns 1,017,851 shares of the insurance provider’s stock worth $156,750,000 after purchasing an additional 168,933 shares during the period. Finally, American Century Companies Inc. raised its stake in Reinsurance Group of America by 7.0% during the second quarter. American Century Companies Inc. now owns 944,051 shares of the insurance provider’s stock worth $126,012,000 after purchasing an additional 62,073 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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Analyst Recommendations for Reinsurance Group of America (NYSE:RGA)

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