Reinsurance Group of America, Incorporated (NYSE:RGA) Receives $228.31 Consensus Target Price from Analysts

Reinsurance Group of America, Incorporated (NYSE:RGA) has received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $228.31.

RGA has been the topic of several research reports. Barclays lowered their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company increased their target price on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. TD Cowen began coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 target price for the company. Finally, StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th.

Hedge Funds Weigh In On Reinsurance Group of America

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Inspire Investing LLC boosted its position in Reinsurance Group of America by 0.5% during the fourth quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider’s stock worth $3,039,000 after purchasing an additional 72 shares during the period. Raleigh Capital Management Inc. boosted its position in Reinsurance Group of America by 17.9% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,399 shares of the insurance provider’s stock worth $299,000 after purchasing an additional 212 shares during the period. Aspire Private Capital LLC boosted its position in shares of Reinsurance Group of America by 5.5% in the fourth quarter. Aspire Private Capital LLC now owns 3,983 shares of the insurance provider’s stock valued at $851,000 after acquiring an additional 209 shares during the period. UMB Bank n.a. boosted its position in shares of Reinsurance Group of America by 4.9% in the fourth quarter. UMB Bank n.a. now owns 1,745 shares of the insurance provider’s stock valued at $373,000 after acquiring an additional 81 shares during the period. Finally, HB Wealth Management LLC boosted its position in shares of Reinsurance Group of America by 54.6% in the fourth quarter. HB Wealth Management LLC now owns 3,274 shares of the insurance provider’s stock valued at $700,000 after acquiring an additional 1,156 shares during the period. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 0.3 %

NYSE:RGA opened at $223.16 on Tuesday. The firm’s fifty day moving average is $219.83 and its 200-day moving average is $215.86. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. Reinsurance Group of America has a 52 week low of $163.81 and a 52 week high of $233.81. The firm has a market cap of $14.70 billion, a P/E ratio of 20.49 and a beta of 0.94.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the previous year, the company earned $5.57 EPS. Reinsurance Group of America’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts expect that Reinsurance Group of America will post 21.4 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 1.60%. Reinsurance Group of America’s dividend payout ratio is presently 32.69%.

Reinsurance Group of America Company Profile

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.