Reinsurance Group of America (NYSE:RGA) Price Target Raised to $312.00

Reinsurance Group of America (NYSE:RGA) had its target price boosted by Wells Fargo & Company from $292.00 to $312.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the insurance provider’s stock.

A number of other equities analysts also recently weighed in on RGA. Barclays set a $292.00 price target on Reinsurance Group of America in a research report on Thursday, October 8th. Morgan Stanley raised Reinsurance Group of America from an “equal weight” rating to an “overweight” rating and set a $295.00 price objective for the company in a research report on Monday, September 28th. TD Cowen lifted their target price on Reinsurance Group of America from $235.00 to $250.00 and gave the stock a “hold” rating in a research note on Wednesday, October 21st. JPMorgan Chase & Co. boosted their target price on Reinsurance Group of America from $293.00 to $297.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. Finally, Piper Sandler increased their price target on Reinsurance Group of America from $274.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, November 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $281.12.

Reinsurance Group of America Stock Performance

Shares of RGA traded up $1.50 during midday trading on Thursday, reaching $275.24. The stock had a trading volume of 357,528 shares, compared to its average volume of 454,101. The firm has a 50 day simple moving average of $257.46 and a 200-day simple moving average of $228.24. Reinsurance Group of America has a one year low of $182.73 and a one year high of $277.15. The firm has a market cap of $17.90 billion, a PE ratio of 10.64 and a beta of 0.43. The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, November 5th. The insurance provider reported $8.49 earnings per share for the quarter, topping the consensus estimate of $6.97 by $1.52. The company had revenue of $7.55 billion for the quarter, compared to analyst estimates of $6.69 billion. Reinsurance Group of America had a net margin of 6.26% and a return on equity of 16.18%. During the same period in the previous year, the business earned $6.37 EPS. As a group, sell-side analysts anticipate that Reinsurance Group of America will post 30.05 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 17th will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, November 17th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 15.15%.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP Jonathan Porter sold 3,852 shares of Reinsurance Group of America stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $271.53, for a total value of $1,045,933.56. Following the completion of the sale, the executive vice president owned 11,033 shares in the company, valued at $2,995,790.49. The trade was a 25.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by company insiders.

Institutional Trading of Reinsurance Group of America

Several large investors have recently bought and sold shares of RGA. Greenleaf Trust grew its position in shares of Reinsurance Group of America by 2.4% in the 2nd quarter. Greenleaf Trust now owns 1,811 shares of the insurance provider’s stock worth $385,000 after buying an additional 42 shares during the last quarter. Paulson Wealth Management Inc. raised its holdings in shares of Reinsurance Group of America by 2.8% during the third quarter. Paulson Wealth Management Inc. now owns 1,542 shares of the insurance provider’s stock valued at $380,000 after acquiring an additional 42 shares in the last quarter. North Dakota State Investment Board raised its holdings in shares of Reinsurance Group of America by 2.2% during the third quarter. North Dakota State Investment Board now owns 2,005 shares of the insurance provider’s stock valued at $494,000 after acquiring an additional 44 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Reinsurance Group of America by 2.7% during the third quarter. Allworth Financial LP now owns 2,175 shares of the insurance provider’s stock valued at $536,000 after acquiring an additional 57 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its stake in Reinsurance Group of America by 9.5% in the second quarter. Elevation Wealth Partners LLC now owns 702 shares of the insurance provider’s stock worth $149,000 after acquiring an additional 61 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Reinsurance Group of America

Here are a few of the latest headlines about RGA:

• Positive Sentiment: Wells Fargo upgraded RGA to Overweight and raised its price target to $312 from $292, implying about 13.4% upside from the cited $275.24 price. Wells Fargo rating
• Positive Sentiment: Dowling & Partners raised its earnings estimates, now forecasting EPS of $30.60 for FY2027 (up from $29.90) and $33.10 for FY2028 (up from $32.40). Higher forecasts signal improved expectations for future earnings.
• Negative Sentiment: EVP Jonathan Porter sold 3,852 shares for about $1.05 million, reducing his holdings by 25.88%. He retained 11,033 shares; the sale may still weigh on sentiment but does not establish the reason for the transaction. SEC filing

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (RGA) is a global life and health reinsurer. It works with insurance companies to help them manage risks and support the development and distribution of insurance products. Its services include life and health reinsurance, as well as solutions involving longevity risk and asset-intensive reinsurance. RGA also provides underwriting expertise, data and analytics, and product and risk-management support to its clients. Founded in 1973, RGA serves clients across North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.