Reinsurance Group of America, Incorporated (NYSE:RGA) Receives $262.56 Consensus PT from Brokerages

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have received an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $262.5556.

A number of equities analysts have commented on the company. TD Cowen lifted their price target on Reinsurance Group of America from $212.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Morgan Stanley increased their price objective on Reinsurance Group of America from $223.00 to $250.00 and gave the company an “equal weight” rating in a research note on Monday, August 24th. Wells Fargo & Company raised their target price on shares of Reinsurance Group of America from $269.00 to $291.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Evercore reaffirmed an “outperform” rating and issued a $267.00 target price on shares of Reinsurance Group of America in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Reinsurance Group of America from $286.00 to $293.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th.

Insider Activity at Reinsurance Group of America

In other news, EVP Jonathan Porter sold 8,589 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $246.30, for a total transaction of $2,115,470.70. Following the completion of the sale, the executive vice president directly owned 14,885 shares in the company, valued at approximately $3,666,175.50. This represents a 36.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Reinsurance Group of America

Hedge funds have recently made changes to their positions in the business. Tobam lifted its position in shares of Reinsurance Group of America by 244.7% in the 4th quarter. Tobam now owns 162 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 115 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Reinsurance Group of America during the 4th quarter valued at about $35,000. Advisory Services Network LLC purchased a new position in shares of Reinsurance Group of America during the third quarter valued at about $38,000. Entrust Financial LLC purchased a new position in shares of Reinsurance Group of America during the fourth quarter valued at about $40,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Reinsurance Group of America in the 3rd quarter worth approximately $44,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Trading Down 2.4%

RGA stock opened at $247.31 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.14 and a current ratio of 0.14. The company has a market capitalization of $16.15 billion, a PE ratio of 10.86 and a beta of 0.47. The company’s 50 day moving average price is $239.96 and its two-hundred day moving average price is $219.64. Reinsurance Group of America has a one year low of $178.21 and a one year high of $257.81.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, August 6th. The insurance provider reported $8.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.39. The firm had revenue of $6.64 billion for the quarter, compared to analysts’ expectations of $6.67 billion. Reinsurance Group of America had a return on equity of 14.78% and a net margin of 5.81%.The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the firm earned $4.72 earnings per share. As a group, analysts predict that Reinsurance Group of America will post 29.22 earnings per share for the current fiscal year.

Reinsurance Group of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were given a $0.98 dividend. The ex-dividend date was Tuesday, August 18th. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.93. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.6%. Reinsurance Group of America’s dividend payout ratio is presently 17.22%.

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.