Reinsurance Group of America, Incorporated (NYSE: RGA) Receives Average ‘Retain’ Rating from Analysts


Shares of Reinsurance Group of America, Incorporated (NYSE: RGA) have received a consensus rating of “Hold” from the ten analysts who cover the company, reports MarketBeat. Two research analysts rated the stock with a sell recommendation, two issued a hold recommendation, and four issued a buy recommendation on the company. The 12-month average target price among brokers who issued stock ratings in the past year is $ 125.63.

Several research companies have recently published reports on RGA. Zacks Investment Research raised shares of Reinsurance Group of America from a “sell” rating to a “keep” rating and set a price target of $ 117.00 for the company in a Wednesday 4 research note. August. JPMorgan Chase & Co. Upgraded Reinsurance Group of America from “Neutral” to “Overweight” and Raised its Share Price Target from $ 137.00 to $ 138.00 in Research Note Monday July 12. lowered its price target on Reinsurance Group of America from $ 146.00 to $ 142.00 and established a “buy” rating for the company in a report released on Monday, June 21. Finally, Morgan Stanley raised its price target on Reinsurance Group of America from $ 125 to $ 127.00 and rated the stock “underweight” in a research note on Thursday, July 15.

NYSE: RGA shares opened at $ 115.41 on Friday. The company has a fifty-day simple moving average of $ 114.71 and a two-hundred-day simple moving average of $ 120.42. The company has a quick ratio of 0.12, a current ratio of 0.12, and a debt ratio of 0.24. The stock has a market cap of $ 7.85 billion, a P / E ratio of 9.53 and a beta of 1.23. Reinsurance Group of America has a 52-week low of $ 93.00 and a 52-week high of $ 134.93.

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Reinsurance Group of America (NYSE: RGA) last released its quarterly earnings data on Monday, August 2. The insurance provider reported earnings per share (EPS) of $ 4.00 for the quarter, beating analyst consensus estimates of $ 2.35 by $ 1.65. The company posted revenue of $ 4.03 billion for the quarter, compared to a consensus estimate of $ 3.67 billion. Reinsurance Group of America reported a return on equity of 3.84% and a net margin of 5.16%. On average, analysts expect Reinsurance Group of America to post earnings per share of 9.48 for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 31. Shareholders of record on Tuesday, August 17, received a dividend of $ 0.73 per share. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $ 0.70. The ex-dividend date of this dividend was Monday August 16. This represents a dividend of $ 2.92 on an annualized basis and a return of 2.53%. Reinsurance Group of America’s dividend payout ratio (DPR) is 38.73%.

In addition, director Christine Rose Detrick sold 3,000 shares of Reinsurance Group of America in a transaction that took place on Friday August 6. The shares were sold at an average price of $ 121.70, for a total trade of $ 365,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.98% of the shares are currently held by company insiders.

Several institutional investors and hedge funds have recently changed their holdings in the company. Amundi Pioneer Asset Management Inc. increased its stake in Reinsurance Group of America shares by 9.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 24,507 shares of the insurer for a value of $ 3,479,000 after purchasing an additional 2,077 shares during the period. The Maryland State Retirement & Pension System purchased a new position in Reinsurance Group of America in the first quarter for a value of $ 654,000. Covenant Multifamily Offices LLC acquired a new position in shares of Reinsurance Group of America in the first quarter valued at approximately $ 1,739,000. Covenant Partners LLC acquired a new position in Reinsurance Group of America in the 1st quarter for a value of approximately $ 211,000. Finally, Landscape Capital Management LLC purchased a new equity interest in Reinsurance Group of America in the first quarter, valued at approximately $ 14,622,000. Hedge funds and other institutional investors hold 93.22% of the company’s shares.

About Reinsurance Group of America

Reinsurance Group of America, Inc. is a holding company that provides traditional and non-traditional life and health reinsurance products. It operates through the following segments: United States and Latin America; Canada; Europe, Middle East and Africa; Asia Pacific; and Businesses and others.

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

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