Reinsurance Group of America, Incorporated (NYSE:RGA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have earned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $249.2857.

RGA has been the subject of a number of analyst reports. UBS Group raised their price target on Reinsurance Group of America from $216.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. TD Cowen restated a “hold” rating on shares of Reinsurance Group of America in a research report on Wednesday, January 28th. Barclays raised their price target on Reinsurance Group of America from $256.00 to $268.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley raised their price target on Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Finally, Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday.

Reinsurance Group of America Stock Down 0.2%

NYSE RGA opened at $210.27 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14. The company has a market capitalization of $13.78 billion, a P/E ratio of 11.39 and a beta of 0.50. Reinsurance Group of America has a one year low of $165.52 and a one year high of $229.21. The stock has a 50 day moving average price of $207.78 and a 200-day moving average price of $202.17.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. The company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.47 billion. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.Reinsurance Group of America’s revenue was up 23.5% on a year-over-year basis. During the same period last year, the company earned $5.66 earnings per share. As a group, equities analysts predict that Reinsurance Group of America will post 26.4 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, May 19th. Reinsurance Group of America’s dividend payout ratio (DPR) is 20.15%.

Reinsurance Group of America News Summary

Here are the key news stories impacting Reinsurance Group of America this week:

• Positive Sentiment: RGA delivered a Q1 earnings and revenue beat, driven by higher investment income, premium gains, and Financial Solutions growth, which is likely encouraging investors. RGA Q1 Earnings & Revenues Top Estimates on Higher Investment Income
• Positive Sentiment: JPMorgan raised its price target on RGA to $270 and kept an overweight rating, signaling confidence in further upside. Price target raised by JPMorgan Chase & Co.
• Positive Sentiment: RGA also announced a quarterly dividend of $0.93 per share, reinforcing its shareholder return profile.
• Neutral Sentiment: Several recap and comparison articles reiterated the same strong quarterly results, but did not add new material information for investors.

Hedge Funds Weigh In On Reinsurance Group of America

Several institutional investors have recently made changes to their positions in the company. Principal Securities Inc. increased its stake in shares of Reinsurance Group of America by 3.6% during the fourth quarter. Principal Securities Inc. now owns 1,490 shares of the insurance provider’s stock valued at $303,000 after buying an additional 52 shares during the period. Rehmann Capital Advisory Group increased its holdings in shares of Reinsurance Group of America by 1.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 4,281 shares of the insurance provider’s stock valued at $819,000 after acquiring an additional 54 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of Reinsurance Group of America by 6.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 974 shares of the insurance provider’s stock valued at $198,000 after acquiring an additional 56 shares during the period. Bessemer Group Inc. lifted its stake in shares of Reinsurance Group of America by 1.0% during the 3rd quarter. Bessemer Group Inc. now owns 5,776 shares of the insurance provider’s stock worth $1,110,000 after purchasing an additional 58 shares during the last quarter. Finally, Xponance Inc. lifted its stake in shares of Reinsurance Group of America by 0.8% during the 3rd quarter. Xponance Inc. now owns 7,637 shares of the insurance provider’s stock worth $1,467,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.