Reinsurance Group of America Inc (NYSE:RGA) Receives Average Rating of “Hold” from Analysts

Shares of Reinsurance Group of America Inc (NYSE:RGA) have received an average recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $153.60.

Several research firms recently weighed in on RGA. Royal Bank of Canada set a $170.00 price objective on shares of Reinsurance Group of America and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley boosted their price objective on shares of Reinsurance Group of America from $142.00 to $144.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 10th. ValuEngine cut shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, UBS Group boosted their price objective on shares of Reinsurance Group of America from $142.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th.

Shares of NYSE:RGA traded up $1.40 during trading on Tuesday, reaching $148.82. The stock had a trading volume of 202,027 shares, compared to its average volume of 270,434. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.13 and a quick ratio of 0.12. The firm has a 50-day simple moving average of $156.28. Reinsurance Group of America has a 52 week low of $127.84 and a 52 week high of $163.46. The company has a market cap of $9.47 billion, a PE ratio of 12.28 and a beta of 0.67.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Monday, July 29th. The insurance provider reported $3.31 earnings per share for the quarter, missing the consensus estimate of $3.37 by ($0.06). Reinsurance Group of America had a return on equity of 9.19% and a net margin of 5.85%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter last year, the firm earned $3.10 EPS. Equities research analysts anticipate that Reinsurance Group of America will post 13.03 earnings per share for the current fiscal year.

The business also recently disclosed a special dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 8th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 19.80%.

In other Reinsurance Group of America news, EVP Alain Neemeh sold 3,668 shares of Reinsurance Group of America stock in a transaction on Friday, May 10th. The shares were sold at an average price of $148.00, for a total transaction of $542,864.00. Following the completion of the sale, the executive vice president now owns 37,492 shares of the company’s stock, valued at approximately $5,548,816. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John P. Laughlin, Jr. sold 3,000 shares of Reinsurance Group of America stock in a transaction on Friday, June 28th. The stock was sold at an average price of $156.81, for a total transaction of $470,430.00. Following the sale, the executive vice president now directly owns 35,097 shares of the company’s stock, valued at approximately $5,503,560.57. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Great Lakes Advisors LLC grew its holdings in shares of Reinsurance Group of America by 1.5% in the 2nd quarter. Great Lakes Advisors LLC now owns 26,365 shares of the insurance provider’s stock valued at $4,114,000 after buying an additional 384 shares during the period. CIBC Asset Management Inc lifted its position in Reinsurance Group of America by 26.3% in the 2nd quarter. CIBC Asset Management Inc now owns 3,995 shares of the insurance provider’s stock valued at $623,000 after acquiring an additional 832 shares in the last quarter. First Interstate Bank bought a new stake in Reinsurance Group of America in the 2nd quarter valued at $29,000. Meeder Asset Management Inc. lifted its position in Reinsurance Group of America by 3.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,007 shares of the insurance provider’s stock valued at $313,000 after acquiring an additional 69 shares in the last quarter. Finally, Oakworth Capital Inc. bought a new stake in Reinsurance Group of America in the 2nd quarter valued at $110,000. 91.67% of the stock is owned by hedge funds and other institutional investors.

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.

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