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

Reinsurance Group of America, Incorporated (NYSE:RGA) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $179.00.

RGA has been the topic of several recent analyst reports. Jefferies Financial Group upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $171.00 to $189.00 in a report on Monday, December 11th. Royal Bank of Canada boosted their price objective on Reinsurance Group of America from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $200.00 price objective on shares of Reinsurance Group of America in a report on Tuesday. Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $186.00 to $193.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Finally, UBS Group boosted their price objective on Reinsurance Group of America from $191.00 to $198.00 and gave the stock a “buy” rating in a report on Monday, February 5th.

Insider Activity at Reinsurance Group of America

In related news, CFO Todd C. Larson sold 2,966 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the sale, the chief financial officer now owns 49,549 shares of the company’s stock, valued at approximately $9,061,521.12. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Todd C. Larson sold 2,966 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the sale, the chief financial officer now owns 49,549 shares of the company’s stock, valued at approximately $9,061,521.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP William L. Hutton sold 1,588 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total value of $272,866.04. Following the completion of the sale, the executive vice president now directly owns 13,625 shares of the company’s stock, valued at approximately $2,341,183.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,462 shares of company stock valued at $1,162,239. 1.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Reinsurance Group of America

A number of large investors have recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC boosted its position in Reinsurance Group of America by 129,207.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 12,117,433 shares of the insurance provider’s stock worth $1,721,766,000 after purchasing an additional 12,108,062 shares during the period. Vanguard Group Inc. boosted its position in Reinsurance Group of America by 1.5% during the third quarter. Vanguard Group Inc. now owns 7,350,810 shares of the insurance provider’s stock worth $1,067,264,000 after purchasing an additional 110,877 shares during the period. American Century Companies Inc. boosted its position in Reinsurance Group of America by 7.3% during the third quarter. American Century Companies Inc. now owns 2,605,471 shares of the insurance provider’s stock worth $378,288,000 after purchasing an additional 177,299 shares during the period. State Street Corp boosted its position in Reinsurance Group of America by 4.7% during the first quarter. State Street Corp now owns 2,411,086 shares of the insurance provider’s stock worth $263,917,000 after purchasing an additional 108,922 shares during the period. Finally, Earnest Partners LLC lifted its holdings in shares of Reinsurance Group of America by 2.7% during the third quarter. Earnest Partners LLC now owns 2,371,076 shares of the insurance provider’s stock worth $344,257,000 after buying an additional 62,045 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock opened at $192.56 on Wednesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $174.78 and its two-hundred day moving average price is $162.09. Reinsurance Group of America has a 52 week low of $128.21 and a 52 week high of $193.72. The stock has a market cap of $12.66 billion, a PE ratio of 14.34 and a beta of 0.88.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, topping the consensus estimate of $4.40 by $0.33. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The firm had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the business earned $2.99 earnings per share. Reinsurance Group of America’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Reinsurance Group of America will post 19.26 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were paid a $0.85 dividend. The ex-dividend date was Monday, February 12th. This represents a $3.40 annualized dividend and a dividend yield of 1.77%. Reinsurance Group of America’s payout ratio is 25.32%.

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.