Reinsurance Group of America Inc (NYSE:RGA) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $141.13.

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “hold” rating and issued a $165.00 target price on shares of Reinsurance Group of America in a report on Friday, December 8th. Wells Fargo & Company reissued a “hold” rating and set a $131.00 price objective on shares of Reinsurance Group of America in a report on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $148.00 price objective on shares of Reinsurance Group of America in a report on Friday, November 10th. Goldman Sachs Group started coverage on Reinsurance Group of America in a report on Wednesday, October 18th. They set a “buy” rating and a $153.00 price objective for the company. Finally, Citigroup set a $171.00 price objective on Reinsurance Group of America and gave the company a “buy” rating in a report on Tuesday, November 21st.

In related news, EVP John P. Laughlin, Jr. sold 1,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $149.96, for a total value of $149,960.00. Following the sale, the executive vice president now owns 27,277 shares in the company, valued at $4,090,458.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christine Rose Detrick sold 659 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total value of $98,520.50. Following the completion of the sale, the director now owns 4,023 shares in the company, valued at approximately $601,438.50. The disclosure for this sale can be found here. 1.47% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of RGA. Sumitomo Mitsui Trust Holdings Inc. raised its position in Reinsurance Group of America by 2.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 203,494 shares of the insurance provider’s stock valued at $26,127,000 after purchasing an additional 4,100 shares in the last quarter. Trillium Asset Management LLC boosted its position in Reinsurance Group of America by 0.8% during the 3rd quarter. Trillium Asset Management LLC now owns 142,795 shares of the insurance provider’s stock valued at $19,924,000 after acquiring an additional 1,135 shares in the last quarter. Airain ltd bought a new stake in Reinsurance Group of America during the 2nd quarter valued at approximately $1,740,000. Marshall Wace North America L.P. bought a new stake in Reinsurance Group of America during the 2nd quarter valued at approximately $3,080,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Reinsurance Group of America by 14.6% during the second quarter. Canada Pension Plan Investment Board now owns 10,200 shares of the insurance provider’s stock valued at $1,310,000 after purchasing an additional 1,300 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

Reinsurance Group of America (NYSE RGA) traded up $0.04 during mid-day trading on Thursday, hitting $156.57. The stock had a trading volume of 598,223 shares, compared to its average volume of 402,451. The company has a market capitalization of $10,081.81, a price-to-earnings ratio of 14.39, a PEG ratio of 1.57 and a beta of 0.82. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.34. Reinsurance Group of America has a 52 week low of $121.93 and a 52 week high of $165.12.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.82. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.08 billion. Reinsurance Group of America had a return on equity of 11.36% and a net margin of 7.23%. Reinsurance Group of America’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.46 earnings per share. equities research analysts anticipate that Reinsurance Group of America will post 11.07 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 7th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Monday, November 6th. Reinsurance Group of America’s payout ratio is currently 16.46%.

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Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

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

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