Reinsurance Group of America, Incorporated (NYSE:RGA) Receives $255.50 Average Price Target from Brokerages

Reinsurance Group of America, Incorporated (NYSE:RGA) has been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $255.50.

Several research analysts have recently commented on the company. Piper Sandler decreased their price objective on Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. UBS Group increased their target price on Reinsurance Group of America from $220.00 to $236.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. lifted their price target on Reinsurance Group of America from $264.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $261.00 to $269.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th.

Reinsurance Group of America Price Performance

RGA stock opened at $241.02 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14. Reinsurance Group of America has a 52 week low of $165.52 and a 52 week high of $245.00. The firm’s fifty day moving average is $214.60 and its 200 day moving average is $209.93. The firm has a market cap of $15.79 billion, a P/E ratio of 13.06 and a beta of 0.47.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The company had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter last year, the company earned $5.66 EPS. The firm’s revenue was up 23.5% compared to the same quarter last year. Research analysts predict that Reinsurance Group of America will post 26.86 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were issued a $0.93 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.72 annualized dividend and a dividend yield of 1.5%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 20.15%.

Insider Buying and Selling at Reinsurance Group of America

In related news, EVP John W. Hayden sold 414 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total transaction of $88,989.30. Following the completion of the sale, the executive vice president directly owned 20,949 shares in the company, valued at $4,502,987.55. This represents a 1.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ronald Herrmann sold 7,000 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the sale, the executive vice president directly owned 3,938 shares of the company’s stock, valued at $829,264.04. The trade was a 64.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by insiders.

Institutional Trading of Reinsurance Group of America

A number of institutional investors have recently modified their holdings of RGA. Nordea Investment Management AB grew its position in shares of Reinsurance Group of America by 3.8% in the 4th quarter. Nordea Investment Management AB now owns 570,631 shares of the insurance provider’s stock worth $116,597,000 after buying an additional 20,722 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Reinsurance Group of America by 26.5% during the first quarter. SG Americas Securities LLC now owns 89,847 shares of the insurance provider’s stock valued at $18,343,000 after buying an additional 18,826 shares during the period. Tudor Investment Corp ET AL raised its holdings in shares of Reinsurance Group of America by 616.3% during the third quarter. Tudor Investment Corp ET AL now owns 60,870 shares of the insurance provider’s stock valued at $11,695,000 after acquiring an additional 52,372 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Reinsurance Group of America by 34.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 21,293 shares of the insurance provider’s stock valued at $4,332,000 after acquiring an additional 5,500 shares in the last quarter. Finally, AIA Group Ltd lifted its stake in Reinsurance Group of America by 218.5% in the third quarter. AIA Group Ltd now owns 12,072 shares of the insurance provider’s stock worth $2,319,000 after acquiring an additional 8,282 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

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.