Royal Bank Of Canada reiterated their hold rating on shares of Reinsurance Group of America (NYSE:RGA) in a report issued on Friday. Royal Bank Of Canada currently has a $165.00 price target on the insurance provider’s stock.

Other analysts have also recently issued research reports about the company. Goldman Sachs Group initiated coverage on Reinsurance Group of America in a research report on Wednesday, October 18th. They set a buy rating and a $153.00 target price on the stock. Citigroup set a $171.00 target price on Reinsurance Group of America and gave the stock a buy rating in a research report on Tuesday, November 21st. Keefe, Bruyette & Woods reiterated a hold rating and set a $148.00 target price on shares of Reinsurance Group of America in a research report on Friday, November 10th. Finally, Wells Fargo & Company reiterated a hold rating and set a $131.00 target price on shares of Reinsurance Group of America in a research report on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $141.13.

Shares of Reinsurance Group of America (NYSE RGA) opened at $161.86 on Friday. Reinsurance Group of America has a 52 week low of $121.93 and a 52 week high of $165.12. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $10,420.00, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 1.62 and a beta of 0.82.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.82. Reinsurance Group of America had a return on equity of 9.32% and a net margin of 6.44%. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period last year, the firm earned $2.46 earnings per share. Reinsurance Group of America’s quarterly revenue was up 8.4% on a year-over-year basis. equities research analysts predict that Reinsurance Group of America will post 11.07 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 7th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Monday, November 6th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 16.47%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC grew its holdings in shares of Reinsurance Group of America by 225.8% during the second quarter. IHT Wealth Management LLC now owns 202 shares of the insurance provider’s stock worth $309,000 after buying an additional 140 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Reinsurance Group of America by 11.7% during the second quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock worth $101,000 after buying an additional 83 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of Reinsurance Group of America during the third quarter worth about $113,000. Acrospire Investment Management LLC grew its holdings in shares of Reinsurance Group of America by 66.7% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock worth $128,000 after buying an additional 400 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Reinsurance Group of America by 27.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock valued at $148,000 after purchasing an additional 248 shares in the last quarter. 91.53% of the stock is currently owned by hedge funds and other 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.

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

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