Shares of Reinsurance Group of America Inc (NYSE:RGA) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $161.00.

A number of equities analysts have recently weighed in on the company. Citigroup boosted their target price on Reinsurance Group of America from $173.00 to $181.00 and gave the stock a “buy” rating in a research note on Friday. ValuEngine downgraded Reinsurance Group of America from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Morgan Stanley boosted their target price on Reinsurance Group of America from $142.00 to $144.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada set a $170.00 target price on Reinsurance Group of America and gave the stock a “buy” rating in a research note on Wednesday, July 31st.

RGA stock traded up $0.39 during mid-day trading on Friday, reaching $159.59. 177,845 shares of the company traded hands, compared to its average volume of 313,000. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 13.17 and a beta of 0.67. 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 fifty-two week low of $127.84 and a fifty-two week high of $163.46. The firm’s 50 day moving average price is $152.16 and its 200 day moving average price is $150.26.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Monday, July 29th. The insurance provider reported $3.31 earnings per share for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.06). Reinsurance Group of America had a return on equity of 9.19% and a net margin of 5.85%. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the firm earned $3.10 EPS. On average, analysts anticipate that Reinsurance Group of America will post 13.03 EPS for the current fiscal year.

The business also recently declared a special dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 8th were issued a $0.70 dividend. The ex-dividend date was Wednesday, August 7th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 23.10%.

In related news, EVP William L. Hutton sold 1,500 shares of Reinsurance Group of America stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $158.15, for a total value of $237,225.00. Following the sale, the executive vice president now owns 16,239 shares of the company’s stock, valued at approximately $2,568,197.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arnoud W.A. Boot sold 800 shares of Reinsurance Group of America stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $145.12, for a total transaction of $116,096.00. The disclosure for this sale can be found here. Insiders sold a total of 5,300 shares of company stock worth $823,751 in the last ninety days. 0.78% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Reinsurance Group of America by 2.1% during the 1st quarter. BlackRock Inc. now owns 6,081,678 shares of the insurance provider’s stock valued at $863,478,000 after acquiring an additional 125,888 shares during the period. FMR LLC boosted its position in shares of Reinsurance Group of America by 0.4% during the 1st quarter. FMR LLC now owns 2,007,739 shares of the insurance provider’s stock valued at $285,058,000 after acquiring an additional 7,154 shares during the last quarter. Boston Partners boosted its position in shares of Reinsurance Group of America by 10.3% during the 2nd quarter. Boston Partners now owns 2,004,036 shares of the insurance provider’s stock valued at $312,711,000 after acquiring an additional 187,441 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Reinsurance Group of America by 5.7% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,194,008 shares of the insurance provider’s stock valued at $186,301,000 after acquiring an additional 64,893 shares during the last quarter. Finally, Earnest Partners LLC boosted its position in shares of Reinsurance Group of America by 3.1% during the 2nd quarter. Earnest Partners LLC now owns 1,040,418 shares of the insurance provider’s stock valued at $162,336,000 after acquiring an additional 30,881 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

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.

Further Reading: Oversold

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