Reinsurance Group of America (NYSE:RGA) Issues Earnings Results, Misses Expectations By $0.23 EPS

Reinsurance Group of America (NYSE:RGA) issued its earnings results on Thursday. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.22 by ($0.23), Zacks reports. Reinsurance Group of America had a return on equity of 14.80% and a net margin of 3.24%.

Reinsurance Group of America Trading Down 9.5 %

RGA opened at $208.71 on Friday. The firm has a market capitalization of $13.75 billion, a P/E ratio of 19.43 and a beta of 0.93. The firm’s 50 day moving average is $218.73 and its 200-day moving average is $217.43. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. Reinsurance Group of America has a 52-week low of $165.38 and a 52-week high of $233.81.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is 33.15%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RGA. Barclays lowered their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada raised their price target on Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their price objective on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $228.31.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.