Zacks Investment Research lowered shares of Reinsurance Group of America (NYSE:RGA) from a buy rating to a hold rating in a report published on Tuesday morning.

According to Zacks, “Shares of Reinsurance Group have outperformed the industry in a year's time. The stock has also seen its 2018 and 2019 estimates moving north in the last 60 days. Reinsurance Group continues to benefit from a mix of organic and transactional opportunities. Its niche position in the U.S. and Canadian reinsurance markets and the expansion of its international operations and diversified earnings stream are positives. Moreover, it is poised to benefit from an improving life reinsurance pricing environment. It expects operating income per share to grow 58% and operating ROE between 10% and 12% in the intermediate term. However, exposure to foreign exchange volatility, volatile Australian business and evolving capital requirements pose headwinds for the company in near term.”

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Several other equities research analysts also recently weighed in on the company. Royal Bank of Canada reaffirmed a hold rating and set a $165.00 price target on shares of Reinsurance Group of America in a report on Friday, December 8th. Wells Fargo reaffirmed a market perform rating and set a $160.00 price target (up from $150.00) on shares of Reinsurance Group of America in a report on Tuesday, January 9th. Citigroup set a $171.00 price target on Reinsurance Group of America and gave the stock a buy rating in a report on Tuesday, November 21st. Finally, UBS started coverage on Reinsurance Group of America in a report on Friday, March 2nd. They issued a neutral rating and a $168.00 target price for the company. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $153.25.

Shares of Reinsurance Group of America (RGA) opened at $161.27 on Tuesday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. Reinsurance Group of America has a fifty-two week low of $121.93 and a fifty-two week high of $165.12. The firm has a market capitalization of $10,320.89, a price-to-earnings ratio of 14.75, a P/E/G ratio of 1.42 and a beta of 0.75.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Monday, January 29th. The insurance provider reported $2.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.84 by ($0.24). Reinsurance Group of America had a return on equity of 8.62% and a net margin of 14.56%. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.22 billion. During the same period in the prior year, the business earned $2.92 earnings per share. Reinsurance Group of America’s revenue for the quarter was up 5.3% compared to the same quarter last year. analysts anticipate that Reinsurance Group of America will post 12.5 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Wednesday, February 7th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 7.22%.

In other Reinsurance Group of America news, Director Arnoud W.A. Boot sold 400 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $155.26, for a total value of $62,104.00. Following the completion of the sale, the director now owns 6,357 shares of the company’s stock, valued at $986,987.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John P. Laughlin, Jr. sold 500 shares of the firm’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $155.60, for a total value of $77,800.00. Following the completion of the sale, the executive vice president now directly owns 26,777 shares of the company’s stock, valued at approximately $4,166,501.20. The disclosure for this sale can be found here. In the last three months, insiders sold 1,456 shares of company stock valued at $222,659. 1.76% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in RGA. Toronto Dominion Bank lifted its holdings in Reinsurance Group of America by 244.2% in the third quarter. Toronto Dominion Bank now owns 2,719 shares of the insurance provider’s stock valued at $379,000 after acquiring an additional 1,929 shares during the period. Bank of New York Mellon Corp increased its position in shares of Reinsurance Group of America by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 1,117,646 shares of the insurance provider’s stock valued at $155,945,000 after buying an additional 3,981 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Reinsurance Group of America by 0.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 204,088 shares of the insurance provider’s stock valued at $28,476,000 after buying an additional 594 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Reinsurance Group of America by 15.1% in the third quarter. Pacer Advisors Inc. now owns 11,441 shares of the insurance provider’s stock valued at $1,596,000 after buying an additional 1,501 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Reinsurance Group of America by 31.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,655 shares of the insurance provider’s stock valued at $1,766,000 after buying an additional 3,014 shares in the last quarter. 93.38% of the stock is owned by institutional investors.

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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.

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