Reinsurance Group of America, Incorporated (NYSE:RGA) Receives $228.31 Consensus Target Price from Brokerages

Reinsurance Group of America, Incorporated (NYSE:RGA) has earned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $228.31.

A number of analysts have recently commented on the company. Piper Sandler cut their target price on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research report on Monday. Barclays reduced their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. increased their price objective 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, Royal Bank of Canada restated an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday.

Hedge Funds Weigh In On Reinsurance Group of America

Several institutional investors and hedge funds have recently made changes to their positions in RGA. Marshall Wace LLP acquired a new stake in Reinsurance Group of America in the second quarter valued at about $210,000. Cetera Investment Advisers grew its holdings in Reinsurance Group of America by 10.4% during the 2nd quarter. Cetera Investment Advisers now owns 17,763 shares of the insurance provider’s stock worth $3,646,000 after acquiring an additional 1,672 shares during the period. GAMMA Investing LLC lifted its stake in Reinsurance Group of America by 8.9% in the third quarter. GAMMA Investing LLC now owns 609 shares of the insurance provider’s stock valued at $133,000 after buying an additional 50 shares during the period. Atomi Financial Group Inc. bought a new position in Reinsurance Group of America during the third quarter worth $235,000. Finally, CWM LLC boosted its position in shares of Reinsurance Group of America by 65.1% during the 3rd quarter. CWM LLC now owns 2,244 shares of the insurance provider’s stock worth $489,000 after purchasing an additional 885 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 3.7 %

RGA opened at $200.73 on Friday. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 18.69 and a beta of 0.93. The company’s 50 day simple moving average is $218.73 and its two-hundred day simple moving average is $217.40. Reinsurance Group of America has a 1-year low of $165.38 and a 1-year high of $233.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.80%. Analysts expect that Reinsurance Group of America will post 23.14 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.77%. Reinsurance Group of America’s payout ratio is currently 33.15%.

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.