Reinsurance Group of America Inc (NYSE:RGA) has been given an average rating of “Hold” by the six research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $161.00.

RGA has been the topic of several research analyst reports. Royal Bank of Canada set a $170.00 target price on Reinsurance Group of America and gave the company a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley lifted their price target on Reinsurance Group of America from $142.00 to $144.00 and gave the company an “underweight” rating in a research report on Wednesday, July 10th. ValuEngine lowered Reinsurance Group of America from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Citigroup lifted their price target on Reinsurance Group of America from $173.00 to $181.00 and gave the company a “buy” rating in a research report on Friday.

Shares of RGA traded up $0.39 during mid-day trading on Friday, hitting $159.59. 177,845 shares of the company’s stock traded hands, compared to its average volume of 313,000. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.32. Reinsurance Group of America has a 1 year low of $127.84 and a 1 year high of $163.46. The firm has a market capitalization of $9.93 billion, a P/E ratio of 13.17 and a beta of 0.67. The business’s 50-day moving average price is $152.16 and its 200-day moving average price is $150.26.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Monday, July 29th. The insurance provider reported $3.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.37 by ($0.06). Reinsurance Group of America had a net margin of 5.85% and a return on equity of 9.19%. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same period last year, the firm posted $3.10 earnings per share. Sell-side analysts anticipate that Reinsurance Group of America will post 13.03 earnings per share for the current fiscal year.

The company also recently declared a special dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 8th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 7th. Reinsurance Group of America’s dividend payout ratio is presently 23.10%.

In other Reinsurance Group of America news, Director Arnoud W.A. Boot sold 800 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $145.12, for a total value of $116,096.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William L. Hutton sold 1,500 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $158.15, for a total value of $237,225.00. Following the completion of the sale, the executive vice president now directly owns 16,239 shares in the company, valued at $2,568,197.85. The disclosure for this sale can be found here. Insiders have sold 5,300 shares of company stock worth $823,751 over the last 90 days. 0.78% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Reinsurance Group of America by 90.5% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 36,477 shares of the insurance provider’s stock worth $5,692,000 after acquiring an additional 17,326 shares in the last quarter. Boston Partners lifted its holdings in shares of Reinsurance Group of America by 10.3% during the second quarter. Boston Partners now owns 2,004,036 shares of the insurance provider’s stock valued at $312,711,000 after purchasing an additional 187,441 shares in the last quarter. Atria Investments LLC bought a new position in shares of Reinsurance Group of America during the second quarter valued at $2,142,000. Cresset Asset Management LLC lifted its holdings in shares of Reinsurance Group of America by 27.8% during the second quarter. Cresset Asset Management LLC now owns 74,835 shares of the insurance provider’s stock valued at $11,677,000 after purchasing an additional 16,293 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Reinsurance Group of America by 22.9% during the second quarter. Royal Bank of Canada now owns 230,916 shares of the insurance provider’s stock valued at $36,031,000 after purchasing an additional 43,096 shares in the last quarter. 91.69% 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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