Royal Bank Of Canada set a $134.00 price target on Reinsurance Group of America, Incorporated (NYSE:RGA) in a research note issued to investors on Friday. The brokerage currently has a hold rating on the insurance provider’s stock.

A number of other research analysts have also recently weighed in on RGA. Zacks Investment Research upgraded Reinsurance Group of America, from a sell rating to a hold rating in a research report on Wednesday, June 28th. Jefferies Group LLC dropped their price target on Reinsurance Group of America, from $80.00 to $77.00 and set a hold rating for the company in a research report on Monday, May 1st. Keefe, Bruyette & Woods restated a hold rating and issued a $125.00 price target on shares of Reinsurance Group of America, in a research report on Thursday, April 6th. Finally, Wells Fargo & Company restated a hold rating on shares of Reinsurance Group of America, in a research report on Friday, April 28th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $123.22.

Shares of Reinsurance Group of America, (NYSE:RGA) opened at 140.20 on Friday. Reinsurance Group of America, has a 52 week low of $94.33 and a 52 week high of $140.42. The firm has a market cap of $9.04 billion, a PE ratio of 11.94 and a beta of 0.82. The firm’s 50-day moving average is $130.57 and its 200 day moving average is $127.58.

Reinsurance Group of America, (NYSE:RGA) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.51. Reinsurance Group of America, had a return on equity of 8.48% and a net margin of 6.33%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter last year, the business posted $2.80 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts forecast that Reinsurance Group of America, will post $9.66 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, August 4th. This is a boost from Reinsurance Group of America,’s previous quarterly dividend of $0.41. Reinsurance Group of America,’s dividend payout ratio (DPR) is currently 13.96%.

In related news, EVP Timothy T. Matson acquired 500 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was purchased at an average price of $127.39 per share, for a total transaction of $63,695.00. Following the transaction, the executive vice president now owns 2,430 shares in the company, valued at approximately $309,557.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.47% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. UBS Asset Management Americas Inc. boosted its stake in Reinsurance Group of America, by 99.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 147,863 shares of the insurance provider’s stock worth $18,604,000 after buying an additional 73,733 shares in the last quarter. Stifel Financial Corp boosted its stake in Reinsurance Group of America, by 132.8% in the first quarter. Stifel Financial Corp now owns 7,532 shares of the insurance provider’s stock worth $962,000 after buying an additional 4,297 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Reinsurance Group of America, during the fourth quarter worth approximately $269,000. Pensionfund Sabic bought a new stake in Reinsurance Group of America, during the first quarter worth approximately $1,460,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in Reinsurance Group of America, by 61.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 36,432 shares of the insurance provider’s stock worth $4,626,000 after buying an additional 13,900 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

About Reinsurance Group of America,

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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