Analysts Set Reinsurance Group of America, Incorporated (NYSE:RGA) Price Target at $243.00

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $243.00.

A number of brokerages have recently weighed in on RGA. Barclays set a $245.00 target price on Reinsurance Group of America and gave the company an “overweight” rating in a report on Friday, February 6th. Keefe, Bruyette & Woods decreased their target price on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Wells Fargo & Company boosted their price target on shares of Reinsurance Group of America from $237.00 to $238.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Finally, Wall Street Zen raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th.

Reinsurance Group of America Price Performance

RGA opened at $224.08 on Wednesday. The firm has a market capitalization of $14.72 billion, a P/E ratio of 12.62 and a beta of 0.53. The stock has a fifty day moving average of $205.94 and a 200-day moving average of $195.84. The company has a quick ratio of 0.13, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. Reinsurance Group of America has a 12-month low of $159.25 and a 12-month high of $229.21.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, beating the consensus estimate of $5.86 by $1.89. The firm had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.25 billion. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.Reinsurance Group of America’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the firm earned $4.99 earnings per share. Equities analysts forecast that Reinsurance Group of America will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, February 17th. Reinsurance Group of America’s payout ratio is currently 20.96%.

Hedge Funds Weigh In On Reinsurance Group of America

A number of hedge funds have recently added to or reduced their stakes in RGA. AQR Capital Management LLC lifted its stake in Reinsurance Group of America by 148.4% in the fourth quarter. AQR Capital Management LLC now owns 1,652,102 shares of the insurance provider’s stock valued at $336,137,000 after acquiring an additional 987,014 shares during the last quarter. Norges Bank acquired a new position in shares of Reinsurance Group of America during the 4th quarter worth $173,767,000. Orion Porfolio Solutions LLC raised its holdings in shares of Reinsurance Group of America by 6,076.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 602,503 shares of the insurance provider’s stock valued at $119,512,000 after purchasing an additional 592,748 shares in the last quarter. Laurel Wealth Advisors LLC lifted its stake in shares of Reinsurance Group of America by 19,387.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 561,818 shares of the insurance provider’s stock valued at $111,442,000 after purchasing an additional 558,935 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Reinsurance Group of America by 35.2% in the 2nd quarter. American Century Companies Inc. now owns 2,044,818 shares of the insurance provider’s stock valued at $405,610,000 after purchasing an additional 532,891 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.