Brokers Offer Predictions for Reinsurance Group of America, Incorporated’s FY2022 Earnings (NYSE:RGA)

Reinsurance Group of America, Incorporated (NYSE:RGAGet Rating) – Investment analysts at Jefferies Financial Group boosted their FY2022 earnings estimates for shares of Reinsurance Group of America in a research report issued to clients and investors on Monday, November 21st. Jefferies Financial Group analyst D. Bergman now expects that the insurance provider will post earnings of $14.85 per share for the year, up from their prior estimate of $12.15. The consensus estimate for Reinsurance Group of America’s current full-year earnings is $14.30 per share. Jefferies Financial Group also issued estimates for Reinsurance Group of America’s Q4 2022 earnings at $3.39 EPS, Q1 2023 earnings at $2.91 EPS, Q2 2023 earnings at $3.63 EPS, Q3 2023 earnings at $3.91 EPS, Q4 2023 earnings at $4.31 EPS, FY2023 earnings at $14.75 EPS and FY2024 earnings at $16.55 EPS.

RGA has been the topic of a number of other reports. TheStreet raised shares of Reinsurance Group of America from a “c+” rating to a “b-” rating in a research note on Thursday, November 3rd. Morgan Stanley upped their target price on shares of Reinsurance Group of America from $140.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Friday, November 4th. StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Monday, November 7th. Credit Suisse Group increased their price objective on shares of Reinsurance Group of America to $144.00 in a research report on Thursday, October 27th. Finally, Barclays increased their price objective on shares of Reinsurance Group of America from $138.00 to $148.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Reinsurance Group of America currently has an average rating of “Hold” and an average price target of $134.80.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $141.03 on Thursday. The company’s 50 day simple moving average is $135.65 and its 200-day simple moving average is $126.12. The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of 16.63 and a beta of 0.93. Reinsurance Group of America has a 1 year low of $94.32 and a 1 year high of $148.75. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.14 and a current ratio of 0.14.

Institutional Investors Weigh In On Reinsurance Group of America

Several hedge funds have recently modified their holdings of RGA. Alliancebernstein L.P. boosted its position in shares of Reinsurance Group of America by 446.0% in the third quarter. Alliancebernstein L.P. now owns 581,096 shares of the insurance provider’s stock worth $73,108,000 after acquiring an additional 474,672 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Reinsurance Group of America by 191.4% in the first quarter. Russell Investments Group Ltd. now owns 465,153 shares of the insurance provider’s stock worth $50,912,000 after acquiring an additional 305,551 shares during the last quarter. Strs Ohio boosted its position in shares of Reinsurance Group of America by 2,328.3% in the second quarter. Strs Ohio now owns 281,153 shares of the insurance provider’s stock worth $32,976,000 after acquiring an additional 269,575 shares during the last quarter. Azimuth Capital Investment Management LLC acquired a new position in Reinsurance Group of America during the second quarter valued at approximately $26,818,000. Finally, Philo Smith Capital Corp acquired a new position in Reinsurance Group of America during the second quarter valued at approximately $20,473,000. 97.41% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 29th. Investors of record on Tuesday, November 15th will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $3.20 annualized dividend and a dividend yield of 2.27%. Reinsurance Group of America’s dividend payout ratio is presently 37.74%.

Reinsurance Group of America Company Profile

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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.

See Also

Earnings History and Estimates for Reinsurance Group of America (NYSE:RGA)

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