Reinsurance Group of America Inc (NYSE:RGA) Given Average Recommendation of “Hold” by Analysts

Reinsurance Group of America Inc (NYSE:RGA) has earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $142.17.

RGA has been the subject of several analyst reports. Zacks Investment Research upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a report on Wednesday, April 3rd. ValuEngine lowered Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Finally, UBS Group increased their price objective on Reinsurance Group of America from $142.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th.

Shares of RGA traded down $0.56 during midday trading on Monday, hitting $152.89. 2,913 shares of the company’s stock traded hands, compared to its average volume of 244,106. Reinsurance Group of America has a 1 year low of $127.84 and a 1 year high of $153.71. The company’s fifty day moving average is $149.87. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The firm has a market cap of $9.60 billion, a PE ratio of 12.58 and a beta of 0.66.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.61 EPS for the quarter, missing the consensus estimate of $2.63 by ($0.02). Reinsurance Group of America had a net margin of 5.98% and a return on equity of 9.64%. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter in the prior year, the company posted $1.61 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts expect that Reinsurance Group of America will post 13.22 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 9th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $2.40 dividend on an annualized basis and a yield of 1.57%. Reinsurance Group of America’s dividend payout ratio (DPR) is 19.80%.

In related news, EVP Alain Neemeh sold 3,668 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $148.00, for a total value of $542,864.00. Following the completion of the transaction, the executive vice president now owns 37,492 shares in the company, valued at approximately $5,548,816. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.78% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Icon Wealth Partners LLC purchased a new position in Reinsurance Group of America in the 1st quarter worth $29,000. Riverview Trust Co purchased a new position in Reinsurance Group of America in the 4th quarter worth $32,000. FTB Advisors Inc. raised its stake in Reinsurance Group of America by 43.4% in the 4th quarter. FTB Advisors Inc. now owns 327 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 99 shares during the last quarter. JOYN Advisors Inc. raised its stake in Reinsurance Group of America by 68.9% in the 4th quarter. JOYN Advisors Inc. now owns 434 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 177 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in Reinsurance Group of America by 16.2% in the 4th quarter. Rehmann Capital Advisory Group now owns 652 shares of the insurance provider’s stock worth $91,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 91.95% of the company’s stock.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

Read More: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Reinsurance Group of America (NYSE:RGA)

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