Brokerages Set Reinsurance Group of America, Incorporated (NYSE:RGA) PT at $228.31

Reinsurance Group of America, Incorporated (NYSE:RGA) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $228.08.

A number of equities analysts have commented on RGA shares. Morgan Stanley reduced their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Friday. Piper Sandler decreased their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. JPMorgan Chase & Co. increased their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Barclays dropped their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research report on Monday, January 6th.

Reinsurance Group of America Stock Down 2.3 %

RGA opened at $199.72 on Friday. The firm has a market cap of $13.15 billion, a price-to-earnings ratio of 18.60 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The firm’s 50-day simple moving average is $216.81 and its 200-day simple moving average is $216.89. Reinsurance Group of America has a twelve month low of $167.80 and a twelve month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.80% and a net margin of 3.24%. Equities research analysts anticipate that Reinsurance Group of America will post 23.14 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America’s payout ratio is 33.15%.

Hedge Funds Weigh In On Reinsurance Group of America

Several institutional investors have recently modified their holdings of RGA. Eagle Asset Management Inc. boosted its stake in Reinsurance Group of America by 15.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider’s stock worth $25,297,000 after acquiring an additional 15,289 shares during the last quarter. Martin Capital Partners LLC bought a new position in shares of Reinsurance Group of America during the fourth quarter worth $1,788,000. Nordea Investment Management AB grew its holdings in shares of Reinsurance Group of America by 4.8% in the 4th quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock valued at $19,232,000 after buying an additional 4,119 shares during the period. Pacer Advisors Inc. increased its position in shares of Reinsurance Group of America by 23.8% in the 4th quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider’s stock valued at $3,077,000 after buying an additional 2,768 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Reinsurance Group of America by 7.9% during the 3rd quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider’s stock worth $16,862,000 after buying an additional 5,699 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Company Profile

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.