Reinsurance Group of America Inc (NYSE:RGA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Reinsurance Group of America Inc (NYSE:RGA) have received an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $153.60.

Several research analysts have recently commented on the company. Royal Bank of Canada set a $170.00 price objective on Reinsurance Group of America and gave the stock a “buy” rating in a report on Wednesday, July 31st. ValuEngine cut Reinsurance Group of America from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley lifted their price objective on Reinsurance Group of America from $142.00 to $144.00 and gave the company an “underweight” rating in a research report on Wednesday, July 10th.

RGA traded up $0.38 during midday trading on Tuesday, reaching $147.86. 337,614 shares of the company were exchanged, compared to its average volume of 304,323. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.32. Reinsurance Group of America has a one year low of $127.84 and a one year high of $163.46. The firm has a market cap of $9.32 billion, a PE ratio of 12.20 and a beta of 0.67. The company’s 50-day simple moving average is $155.55.



Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Monday, July 29th. The insurance provider reported $3.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.37 by ($0.06). The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.44 billion. Reinsurance Group of America had a return on equity of 9.19% and a net margin of 5.85%. During the same quarter last year, the business posted $3.10 EPS. Equities analysts expect that Reinsurance Group of America will post 13.03 EPS for the current year.

The business also recently declared a special dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 8th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. Reinsurance Group of America’s dividend payout ratio is currently 23.10%.

In related news, EVP John P. Laughlin, Jr. sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $156.81, for a total value of $470,430.00. Following the completion of the transaction, the executive vice president now directly owns 35,097 shares in the company, valued at approximately $5,503,560.57. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.78% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. boosted its position in Reinsurance Group of America by 3.6% during the second quarter. Meeder Asset Management Inc. now owns 2,007 shares of the insurance provider’s stock worth $313,000 after acquiring an additional 69 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Reinsurance Group of America by 1.7% in the second quarter. HighTower Advisors LLC now owns 4,656 shares of the insurance provider’s stock valued at $731,000 after purchasing an additional 80 shares in the last quarter. Heartland Advisors Inc. raised its stake in shares of Reinsurance Group of America by 2.1% in the second quarter. Heartland Advisors Inc. now owns 4,000 shares of the insurance provider’s stock valued at $624,000 after purchasing an additional 82 shares in the last quarter. Magnus Financial Group LLC raised its stake in shares of Reinsurance Group of America by 3.4% in the first quarter. Magnus Financial Group LLC now owns 2,626 shares of the insurance provider’s stock valued at $373,000 after purchasing an additional 87 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of Reinsurance Group of America by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 16,800 shares of the insurance provider’s stock valued at $2,385,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 90.78% of the company’s stock.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

Featured Article: What is a CD ladder?

Receive News & Ratings for Reinsurance Group of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reinsurance Group of America and related companies with MarketBeat.com's FREE daily email newsletter.