Reinsurance Group of America (NYSE:RGA) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Reinsurance Group of America (NYSE:RGA) had its price objective increased by JPMorgan Chase & Co. from $227.00 to $232.00 in a research report sent to investors on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the insurance provider’s stock.

Several other analysts also recently commented on RGA. StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Barclays reduced their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday. Raymond James increased their target price on Reinsurance Group of America from $228.00 to $250.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 24th. Royal Bank of Canada lifted their price target on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods raised Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $228.31.

Reinsurance Group of America Price Performance

Shares of NYSE RGA opened at $221.82 on Tuesday. Reinsurance Group of America has a twelve month low of $163.81 and a twelve month high of $233.81. The company has a market cap of $14.61 billion, a PE ratio of 20.37 and a beta of 0.94. The business’s 50 day moving average price is $219.66 and its two-hundred day moving average price is $215.21. 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 (NYSE:RGA) last posted its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, beating analysts’ consensus estimates of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The business had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter in the prior year, the business earned $5.57 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts predict that Reinsurance Group of America will post 21.67 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 1.60%. Reinsurance Group of America’s payout ratio is 32.69%.

Hedge Funds Weigh In On Reinsurance Group of America

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Armstrong Advisory Group Inc. acquired a new stake in shares of Reinsurance Group of America during the 3rd quarter worth approximately $25,000. Private Trust Co. NA boosted its holdings in shares of Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 120 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in shares of Reinsurance Group of America during the 3rd quarter worth $34,000. Strengthening Families & Communities LLC bought a new stake in shares of Reinsurance Group of America during the 3rd quarter worth $36,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Reinsurance Group of America during the 3rd quarter worth $37,000. 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.