Reinsurance Group of America (NYSE:RGA) Hits New 1-Year High at $194.20

Reinsurance Group of America, Incorporated (NYSE:RGA) hit a new 52-week high on Thursday . The stock traded as high as $194.20 and last traded at $193.79, with a volume of 3473 shares traded. The stock had previously closed at $193.27.

Wall Street Analysts Forecast Growth

RGA has been the topic of several analyst reports. UBS Group raised their price target on shares of Reinsurance Group of America from $191.00 to $198.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Royal Bank of Canada upped their price objective on shares of Reinsurance Group of America from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Jefferies Financial Group raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating and raised their target price for the company from $171.00 to $189.00 in a research note on Monday, December 11th. Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $186.00 to $193.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $200.00 target price on shares of Reinsurance Group of America in a report on Tuesday. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and a consensus target price of $179.00.

Reinsurance Group of America Price Performance

The company’s 50-day simple moving average is $175.78 and its 200 day simple moving average is $162.65. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 14.40 and a beta of 0.88.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Friday, February 2nd. The insurance provider reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.40 by $0.33. The business had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.57 billion. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business earned $2.99 EPS. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 19.26 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Monday, February 12th. Reinsurance Group of America’s payout ratio is 25.32%.

Insider Activity at Reinsurance Group of America

In other Reinsurance Group of America news, CFO Todd C. Larson sold 2,966 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total transaction of $542,422.08. Following the completion of the sale, the chief financial officer now directly owns 49,549 shares in the company, valued at $9,061,521.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP William L. Hutton sold 1,908 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the completion of the sale, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at $2,429,927.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Todd C. Larson sold 2,966 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total transaction of $542,422.08. Following the transaction, the chief financial officer now directly owns 49,549 shares in the company, valued at approximately $9,061,521.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,462 shares of company stock worth $1,162,239. 1.31% of the stock is owned by insiders.

Institutional Trading of Reinsurance Group of America

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lindbrook Capital LLC increased its stake in Reinsurance Group of America by 129.9% during the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 87 shares during the period. Pineridge Advisors LLC acquired a new position in shares of Reinsurance Group of America in the fourth quarter valued at $26,000. VisionPoint Advisory Group LLC lifted its position in Reinsurance Group of America by 116.3% in the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 114 shares during the period. Toth Financial Advisory Corp boosted its stake in Reinsurance Group of America by 41.2% during the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock worth $39,000 after buying an additional 70 shares in the last quarter. Finally, Janiczek Wealth Management LLC increased its holdings in Reinsurance Group of America by 8,400.0% in the 3rd quarter. Janiczek Wealth Management LLC now owns 255 shares of the insurance provider’s stock valued at $37,000 after buying an additional 252 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

About Reinsurance Group of America

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.