Reinsurance Group of America, Incorporated (NYSE:RGA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have been given an average rating of “Moderate Buy” by the ten research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $249.2857.

Several analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Reinsurance Group of America from $264.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen reaffirmed a “hold” rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Morgan Stanley lifted their target price on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Barclays lifted their target price on shares of Reinsurance Group of America from $256.00 to $268.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Wells Fargo & Company lifted their target price on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th.

Reinsurance Group of America News Roundup

Here are the key news stories impacting Reinsurance Group of America this week:

• Positive Sentiment: RGA delivered a Q1 earnings and revenue beat, driven by higher investment income, premium gains, and Financial Solutions growth, which is likely encouraging investors. RGA Q1 Earnings & Revenues Top Estimates on Higher Investment Income
• Positive Sentiment: JPMorgan raised its price target on RGA to $270 and kept an overweight rating, signaling confidence in further upside. Price target raised by JPMorgan Chase & Co.
• Positive Sentiment: RGA also announced a quarterly dividend of $0.93 per share, reinforcing its shareholder return profile.
• Neutral Sentiment: Several recap and comparison articles reiterated the same strong quarterly results, but did not add new material information for investors.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $210.27 on Monday. The company has a market capitalization of $13.78 billion, a price-to-earnings ratio of 11.39 and a beta of 0.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.14 and a current ratio of 0.14. The company has a 50-day simple moving average of $207.78 and a 200 day simple moving average of $202.17. Reinsurance Group of America has a 52 week low of $165.52 and a 52 week high of $229.21.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, topping the consensus estimate of $6.03 by $0.94. The business had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.47 billion. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.28%. Reinsurance Group of America’s revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.66 EPS. On average, sell-side analysts predict that Reinsurance Group of America will post 26.27 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a yield of 1.8%. Reinsurance Group of America’s payout ratio is currently 20.96%.

Institutional Trading of Reinsurance Group of America

A number of institutional investors have recently bought and sold shares of the business. Burling Wealth Partners LLC boosted its holdings in Reinsurance Group of America by 6.9% in the 1st quarter. Burling Wealth Partners LLC now owns 16,405 shares of the insurance provider’s stock valued at $3,349,000 after purchasing an additional 1,059 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in Reinsurance Group of America in the 1st quarter valued at about $143,000. Convergence Investment Partners LLC boosted its holdings in Reinsurance Group of America by 38.0% in the 1st quarter. Convergence Investment Partners LLC now owns 8,538 shares of the insurance provider’s stock valued at $1,743,000 after purchasing an additional 2,353 shares during the period. Earned Wealth Advisors LLC bought a new stake in Reinsurance Group of America in the 1st quarter valued at about $223,000. Finally, WCM Investment Management LLC boosted its holdings in Reinsurance Group of America by 3.0% in the 1st quarter. WCM Investment Management LLC now owns 2,830,620 shares of the insurance provider’s stock valued at $566,803,000 after purchasing an additional 82,681 shares during the period. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.