Brokerages Set Reinsurance Group of America, Incorporated (NYSE:RGA) Price Target at $251.17

Reinsurance Group of America, Incorporated (NYSE:RGA) has earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, 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 a report on the stock in the last year is $246.7143.

A number of research analysts have commented on the company. UBS Group boosted their price objective on Reinsurance Group of America from $216.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Piper Sandler reissued an “overweight” rating and set a $263.00 target price on shares of Reinsurance Group of America in a research report on Friday, February 6th. Morgan Stanley boosted 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 research report on Tuesday, March 3rd. TD Cowen reissued a “hold” rating on shares of Reinsurance Group of America in a research report on Wednesday, January 28th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th.

Reinsurance Group of America Price Performance

RGA stock opened at $208.10 on Thursday. Reinsurance Group of America has a 52-week low of $165.52 and a 52-week high of $229.21. The stock’s fifty day simple moving average is $210.43 and its 200-day simple moving average is $200.44. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $13.63 billion, a price-to-earnings ratio of 11.72 and a beta of 0.52.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, beating analysts’ consensus estimates of $5.86 by $1.89. The firm had revenue of $6.64 billion for the quarter, compared to analysts’ expectations of $6.25 billion. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter last year, the firm earned $4.99 earnings per share. Equities research analysts expect that Reinsurance Group of America will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a $0.93 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. Reinsurance Group of America’s payout ratio is 20.96%.

Institutional Trading of Reinsurance Group of America

Institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in Reinsurance Group of America by 44.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 221,198 shares of the insurance provider’s stock valued at $43,554,000 after acquiring an additional 67,880 shares in the last quarter. Focus Partners Wealth raised its stake in Reinsurance Group of America by 121.2% during the 1st quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider’s stock valued at $527,000 after acquiring an additional 1,466 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Reinsurance Group of America by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after acquiring an additional 58 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Reinsurance Group of America by 445.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 982 shares of the insurance provider’s stock valued at $195,000 after acquiring an additional 802 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in Reinsurance Group of America during the 2nd quarter valued at $1,788,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

About Reinsurance Group of America

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.