Reinsurance Group of America, Incorporated (NYSE:RGA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $221.18.

RGA has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods boosted their target price on shares of Reinsurance Group of America from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. Piper Sandler boosted their target price on shares of Reinsurance Group of America from $228.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. UBS Group boosted their target price on shares of Reinsurance Group of America from $223.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Reinsurance Group of America from $195.00 to $208.00 and gave the stock a “neutral” rating in a research note on Tuesday.

Reinsurance Group of America Trading Down 0.5 %

Shares of Reinsurance Group of America stock opened at $204.87 on Friday. The firm has a 50-day simple moving average of $204.50 and a two-hundred day simple moving average of $185.80. The company has a market cap of $13.48 billion, a P/E ratio of 15.92 and a beta of 0.92. Reinsurance Group of America has a fifty-two week low of $135.07 and a fifty-two week high of $213.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.19 and a current ratio of 0.19.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Friday, May 3rd. The insurance provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $4.55 by $1.47. The business had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $4.54 billion. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. During the same quarter in the prior year, the firm posted $5.16 earnings per share. As a group, equities analysts predict that Reinsurance Group of America will post 20.94 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were issued a $0.85 dividend. The ex-dividend date was Monday, May 13th. This represents a $3.40 annualized dividend and a yield of 1.66%. Reinsurance Group of America’s payout ratio is 26.42%.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP John W. Hayden sold 1,767 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $206.85, for a total value of $365,503.95. Following the transaction, the executive vice president now directly owns 16,490 shares in the company, valued at approximately $3,410,956.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Reinsurance Group of America

Several institutional investors and hedge funds have recently bought and sold shares of RGA. Norges Bank acquired a new position in Reinsurance Group of America in the 4th quarter valued at about $122,301,000. Junto Capital Management LP acquired a new position in Reinsurance Group of America during the fourth quarter worth $92,083,000. Balyasny Asset Management L.P. purchased a new position in shares of Reinsurance Group of America during the fourth quarter worth $67,177,000. Adage Capital Partners GP L.L.C. grew its stake in shares of Reinsurance Group of America by 966.7% in the third quarter. Adage Capital Partners GP L.L.C. now owns 320,000 shares of the insurance provider’s stock valued at $46,461,000 after buying an additional 290,000 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of Reinsurance Group of America by 1,965.4% in the fourth quarter. Corient Private Wealth LLC now owns 298,352 shares of the insurance provider’s stock valued at $48,267,000 after buying an additional 283,907 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

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.