Reinsurance Group of America (NYSE:RGA) Price Target Increased to $189.00 by Analysts at JPMorgan Chase & Co.

Reinsurance Group of America (NYSE:RGAFree Report) had its price objective hoisted by JPMorgan Chase & Co. from $170.00 to $189.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

Several other research firms also recently weighed in on RGA. UBS Group lifted their target price on shares of Reinsurance Group of America from $191.00 to $198.00 and gave the stock a buy rating in a research report on Monday, February 5th. Wells Fargo & Company lifted their target price on shares of Reinsurance Group of America from $186.00 to $193.00 and gave the stock an overweight rating in a research report on Tuesday, February 6th. Keefe, Bruyette & Woods reaffirmed an outperform rating and set a $200.00 price objective on shares of Reinsurance Group of America in a research report on Tuesday, March 26th. Royal Bank of Canada boosted their price objective on shares of Reinsurance Group of America from $170.00 to $185.00 and gave the company an outperform rating in a research report on Monday, February 5th. Finally, Jefferies Financial Group raised shares of Reinsurance Group of America from a hold rating to a buy rating and boosted their price objective for the company from $171.00 to $189.00 in a research report on Monday, December 11th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $180.73.

View Our Latest Report on Reinsurance Group of America

Reinsurance Group of America Stock Down 0.9 %

NYSE RGA opened at $193.05 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.17 and a quick ratio of 0.17. The company’s 50 day simple moving average is $177.77 and its 200 day simple moving average is $164.20. Reinsurance Group of America has a 12 month low of $131.29 and a 12 month high of $195.88. The company has a market capitalization of $12.69 billion, a P/E ratio of 14.37 and a beta of 0.89.

Reinsurance Group of America (NYSE:RGAGet Free Report) last released its earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.40 by $0.33. The business had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.57 billion. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm posted $2.99 earnings per share. Equities research analysts expect that Reinsurance Group of America will post 19.26 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Monday, February 12th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 25.32%.

Insider Buying and Selling at Reinsurance Group of America

In other news, CFO Todd C. Larson sold 2,966 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the sale, the chief financial officer now owns 49,549 shares of the company’s stock, valued at approximately $9,061,521.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP William L. Hutton sold 1,588 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $171.83, for a total value of $272,866.04. Following the sale, the executive vice president now owns 13,625 shares of the company’s stock, valued at approximately $2,341,183.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Todd C. Larson sold 2,966 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total transaction of $542,422.08. Following the sale, the chief financial officer now directly owns 49,549 shares in the company, valued at approximately $9,061,521.12. The disclosure for this sale can be found here. Insiders have sold 6,462 shares of company stock valued at $1,162,239 in the last 90 days. 1.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Reinsurance Group of America

A number of hedge funds have recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC grew its holdings in Reinsurance Group of America by 129,207.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 12,117,433 shares of the insurance provider’s stock worth $1,721,766,000 after acquiring an additional 12,108,062 shares during the last quarter. Vanguard Group Inc. grew its holdings in Reinsurance Group of America by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 7,350,810 shares of the insurance provider’s stock worth $1,067,264,000 after acquiring an additional 110,877 shares during the last quarter. American Century Companies Inc. grew its holdings in Reinsurance Group of America by 7.3% during the 3rd quarter. American Century Companies Inc. now owns 2,605,471 shares of the insurance provider’s stock worth $378,288,000 after acquiring an additional 177,299 shares during the last quarter. State Street Corp lifted its position in Reinsurance Group of America by 4.7% during the 1st quarter. State Street Corp now owns 2,411,086 shares of the insurance provider’s stock valued at $263,917,000 after purchasing an additional 108,922 shares during the period. Finally, Earnest Partners LLC lifted its position in Reinsurance Group of America by 2.7% during the 3rd quarter. Earnest Partners LLC now owns 2,371,076 shares of the insurance provider’s stock valued at $344,257,000 after purchasing an additional 62,045 shares during the period. Institutional investors own 95.11% of the company’s stock.

About Reinsurance Group of America

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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.

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Analyst Recommendations for Reinsurance Group of America (NYSE:RGA)

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