Reinsurance Group of America, Incorporated (NYSE:RGA) Receives $240.00 Average Target Price from Brokerages

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $240.00.

A number of equities analysts have recently commented on RGA shares. Barclays restated an “overweight” rating and issued a $246.00 price objective on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Piper Sandler boosted their price target on shares of Reinsurance Group of America from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, December 23rd. Raymond James Financial downgraded Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research report on Friday, October 17th. Keefe, Bruyette & Woods dropped their price objective on 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. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Reinsurance Group of America in a research note on Monday, December 29th.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $203.32 on Tuesday. The firm has a market capitalization of $13.36 billion, a P/E ratio of 15.64 and a beta of 0.55. Reinsurance Group of America has a one year low of $159.25 and a one year high of $232.97. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.13 and a quick ratio of 0.13. The business has a fifty day moving average price of $194.25 and a 200-day moving average price of $192.96.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.80 by $0.57. The business had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.13 EPS. As a group, equities research analysts forecast that Reinsurance Group of America will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, November 10th. Reinsurance Group of America’s dividend payout ratio is 28.62%.

Hedge Funds Weigh In On Reinsurance Group of America

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. WCM Investment Management LLC raised its position in shares of Reinsurance Group of America by 3.6% during the 3rd quarter. WCM Investment Management LLC now owns 2,734,458 shares of the insurance provider’s stock valued at $519,356,000 after buying an additional 94,479 shares in the last quarter. American Century Companies Inc. increased its stake in Reinsurance Group of America by 15.9% in the third quarter. American Century Companies Inc. now owns 2,369,057 shares of the insurance provider’s stock valued at $455,167,000 after acquiring an additional 324,239 shares during the last quarter. State Street Corp raised its position in Reinsurance Group of America by 2.8% during the third quarter. State Street Corp now owns 2,346,447 shares of the insurance provider’s stock valued at $450,823,000 after purchasing an additional 64,296 shares in the last quarter. Geode Capital Management LLC lifted its stake in Reinsurance Group of America by 4.6% during the second quarter. Geode Capital Management LLC now owns 1,219,609 shares of the insurance provider’s stock worth $241,960,000 after purchasing an additional 53,211 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Reinsurance Group of America by 3.2% in the 1st quarter. Alliancebernstein L.P. now owns 1,158,803 shares of the insurance provider’s stock worth $228,168,000 after purchasing an additional 35,781 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Company Profile

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.