Reinsurance Group of America (NYSE:RGA) PT Raised to $116.00 at Citigroup

Reinsurance Group of America (NYSE:RGAGet Rating) had its price target hoisted by Citigroup from $112.00 to $116.00 in a research report report published on Wednesday, The Fly reports.

Several other equities analysts have also commented on the company. Royal Bank of Canada upped their price target on Reinsurance Group of America from $132.00 to $145.00 and gave the company a sector perform rating in a research note on Monday, November 7th. Credit Suisse Group upped their price objective on shares of Reinsurance Group of America to $144.00 in a report on Thursday, October 27th. Barclays lifted their target price on shares of Reinsurance Group of America from $138.00 to $148.00 and gave the company an equal weight rating in a report on Tuesday, November 8th. JPMorgan Chase & Co. lowered Reinsurance Group of America from an overweight rating to a neutral rating and set a $136.00 target price on the stock. in a research note on Monday, October 31st. Finally, StockNews.com upgraded shares of Reinsurance Group of America from a hold rating to a buy rating in a research note on Monday, November 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $134.80.

Reinsurance Group of America Stock Up 2.4 %

RGA stock opened at $138.83 on Wednesday. The firm’s 50 day moving average price is $134.85 and its 200-day moving average price is $125.45. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a market cap of $9.28 billion, a PE ratio of 16.37 and a beta of 0.93. Reinsurance Group of America has a one year low of $94.32 and a one year high of $148.75.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 29th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.30%. Reinsurance Group of America’s payout ratio is currently 37.74%.

Institutional Trading of Reinsurance Group of America

A number of institutional investors have recently bought and sold shares of RGA. Raymond James Trust N.A. acquired a new stake in shares of Reinsurance Group of America during the 2nd quarter worth about $271,000. Mercer Global Advisors Inc. ADV raised its holdings in Reinsurance Group of America by 35.6% during the first quarter. Mercer Global Advisors Inc. ADV now owns 3,903 shares of the insurance provider’s stock worth $427,000 after purchasing an additional 1,025 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Reinsurance Group of America by 106.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 10,488 shares of the insurance provider’s stock worth $1,230,000 after buying an additional 5,410 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Reinsurance Group of America in the 1st quarter valued at $211,000. Finally, Eagle Asset Management Inc. grew its position in shares of Reinsurance Group of America by 2.8% in the 1st quarter. Eagle Asset Management Inc. now owns 26,692 shares of the insurance provider’s stock valued at $2,921,000 after buying an additional 732 shares during the last quarter. 97.41% of the stock is owned by hedge funds and other institutional investors.

About Reinsurance Group of America

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Reinsurance Group of America, Incorporated engages in reinsurance business. It 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.

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