Recent Research Analysts’ Ratings Updates for Reinsurance Group of America (RGA)

A number of research firms have changed their ratings and price targets for Reinsurance Group of America (NYSE: RGA):

  • 1/10/2023 – Reinsurance Group of America had its price target raised by analysts at Morgan Stanley from $145.00 to $160.00. They now have an “equal weight” rating on the stock.
  • 1/9/2023 – Reinsurance Group of America had its price target raised by analysts at The Goldman Sachs Group, Inc. from $147.00 to $162.00. They now have a “buy” rating on the stock.
  • 1/6/2023 – Reinsurance Group of America had its price target raised by analysts at JPMorgan Chase & Co. from $136.00 to $141.00. They now have a “neutral” rating on the stock.
  • 1/5/2023 – Reinsurance Group of America was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $167.00 price target on the stock, up previously from $148.00.
  • 12/6/2022 – Reinsurance Group of America was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a $170.00 price target on the stock, up previously from $145.00.

Reinsurance Group of America Stock Performance

RGA stock traded up $3.91 during trading hours on Wednesday, reaching $148.87. The stock had a trading volume of 362,902 shares, compared to its average volume of 350,675. The stock has a 50-day simple moving average of $142.20 and a 200 day simple moving average of $133.47. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.14 and a quick ratio of 0.14. The stock has a market capitalization of $9.95 billion, a PE ratio of 17.56 and a beta of 0.89. Reinsurance Group of America, Incorporated has a fifty-two week low of $97.61 and a fifty-two week high of $149.29.

Reinsurance Group of America (NYSE:RGAGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The insurance provider reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $2.26. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 9.22%. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4 billion. Analysts predict that Reinsurance Group of America, Incorporated will post 14.97 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 29th. Stockholders of record on Tuesday, November 15th were paid a $0.80 dividend. The ex-dividend date was Monday, November 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.15%. Reinsurance Group of America’s payout ratio is currently 37.74%.

Institutional Investors Weigh In On Reinsurance Group of America

Several hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its stake in Reinsurance Group of America by 1.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 6,748 shares of the insurance provider’s stock valued at $849,000 after purchasing an additional 71 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of Reinsurance Group of America by 3.3% in the 3rd quarter. Raymond James Trust N.A. now owns 2,383 shares of the insurance provider’s stock worth $300,000 after acquiring an additional 77 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in shares of Reinsurance Group of America by 1.0% in the 2nd quarter. Rehmann Capital Advisory Group now owns 8,196 shares of the insurance provider’s stock worth $961,000 after acquiring an additional 82 shares in the last quarter. Fulton Bank N.A. grew its stake in shares of Reinsurance Group of America by 3.0% in the 3rd quarter. Fulton Bank N.A. now owns 2,830 shares of the insurance provider’s stock worth $356,000 after acquiring an additional 83 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of Reinsurance Group of America by 2.5% in the 2nd quarter. Captrust Financial Advisors now owns 3,820 shares of the insurance provider’s stock worth $448,000 after acquiring an additional 93 shares in the last quarter. 96.46% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America, Incorporated engages in reinsurance business. It 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.

Further Reading

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