DOWLING & PARTN Issues Optimistic Forecast for RGA Earnings

Reinsurance Group of America, Incorporated (NYSE:RGA) – Equities research analysts at DOWLING & PARTN upped their FY2027 earnings per share estimates for Reinsurance Group of America in a note issued to investors on Tuesday, October 13th. DOWLING & PARTN analyst J. Hurwitz now forecasts that the insurance provider will earn $29.90 per share for the year, up from their previous estimate of $29.50. The consensus estimate for Reinsurance Group of America’s current full-year earnings is $29.73 per share. DOWLING & PARTN also issued estimates for Reinsurance Group of America’s FY2028 earnings at $32.40 EPS.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $291.00 to $292.00 and gave the stock an “overweight” rating in a research report on Monday. TD Cowen boosted their price target on Reinsurance Group of America from $212.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. UBS Group raised Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Friday, August 7th. Finally, Morgan Stanley raised Reinsurance Group of America from an “equal weight” rating to an “overweight” rating and set a $295.00 price objective for the company in a report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $268.33.

Reinsurance Group of America Trading Up 1.3%

RGA stock opened at $264.49 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.14 and a quick ratio of 0.14. The company has a fifty day moving average price of $248.91 and a two-hundred day moving average price of $227.56. Reinsurance Group of America has a one year low of $178.21 and a one year high of $265.41. The stock has a market cap of $17.27 billion, a price-to-earnings ratio of 8.71 and a beta of 0.45.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, August 6th. The insurance provider reported $8.89 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.39. Reinsurance Group of America had a return on equity of 14.78% and a net margin of 5.81%. The business had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.67 billion. During the same quarter last year, the company posted $4.72 earnings per share. Reinsurance Group of America’s quarterly revenue was up 18.5% on a year-over-year basis.

Hedge Funds Weigh In On Reinsurance Group of America

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SEB Asset Management AB purchased a new stake in shares of Reinsurance Group of America during the 1st quarter valued at $81,533,000. Bank of New York Mellon Corp purchased a new position in Reinsurance Group of America in the second quarter worth $82,836,000. Lazard Asset Management LLC grew its position in Reinsurance Group of America by 2,626.6% in the first quarter. Lazard Asset Management LLC now owns 195,794 shares of the insurance provider’s stock worth $39,973,000 after acquiring an additional 188,613 shares in the last quarter. Wedge Capital Management L L P NC grew its position in Reinsurance Group of America by 965.2% in the second quarter. Wedge Capital Management L L P NC now owns 179,440 shares of the insurance provider’s stock worth $38,158,000 after acquiring an additional 162,594 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Reinsurance Group of America in the third quarter valued at $30,927,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP Jonathan Porter sold 8,589 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $246.30, for a total value of $2,115,470.70. Following the sale, the executive vice president directly owned 14,885 shares in the company, valued at $3,666,175.50. The trade was a 36.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Reinsurance Group of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, August 18th. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.93. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 17.22%.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE:RGA) is a global provider of life and health reinsurance. The company helps insurance organizations manage mortality, longevity, morbidity and other insurance risks by assuming portions of their business and providing capital, risk-management expertise and specialized underwriting support.

RGA offers traditional reinsurance and financial solutions for individual life insurance, group life and health coverage, retirement and annuity products, long-term care and disability insurance.