Brokerages Set Reinsurance Group of America, Incorporated (NYSE:RGA) Price Target at $193.23

Reinsurance Group of America, Incorporated (NYSE:RGA) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $194.38.

A number of analysts recently commented on RGA shares. Royal Bank of Canada reiterated an “outperform” rating and set a $212.00 price objective on shares of Reinsurance Group of America in a research report on Friday, April 12th. Keefe, Bruyette & Woods raised their price target on Reinsurance Group of America from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Evercore ISI lifted their price objective on Reinsurance Group of America from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. UBS Group lifted their price objective on Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $170.00 to $189.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd.

Insider Buying and Selling at Reinsurance Group of America

In other news, CFO Todd C. Larson sold 2,966 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the transaction, the chief financial officer now owns 49,549 shares of the company’s stock, valued at $9,061,521.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Todd C. Larson sold 2,966 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the transaction, the chief financial officer now directly owns 49,549 shares in the company, valued at approximately $9,061,521.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William L. Hutton sold 1,588 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total value of $272,866.04. Following the completion of the transaction, the executive vice president now owns 13,625 shares of the company’s stock, valued at $2,341,183.75. The disclosure for this sale can be found here. Insiders have sold 6,462 shares of company stock worth $1,162,239 over the last 90 days. Company insiders own 1.55% of the company’s stock.

Institutional Trading of Reinsurance Group of America

A number of large investors have recently bought and sold shares of the business. Lindbrook Capital LLC lifted its position in shares of Reinsurance Group of America by 129.9% during the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock worth $25,000 after buying an additional 87 shares in the last quarter. Pineridge Advisors LLC purchased a new position in shares of Reinsurance Group of America during the 4th quarter valued at $26,000. Rise Advisors LLC purchased a new position in shares of Reinsurance Group of America during the 1st quarter valued at $29,000. VisionPoint Advisory Group LLC grew its position in shares of Reinsurance Group of America by 116.3% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 114 shares in the last quarter. Finally, Janiczek Wealth Management LLC grew its position in Reinsurance Group of America by 8,400.0% in the third quarter. Janiczek Wealth Management LLC now owns 255 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 252 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Trading Down 0.6 %

NYSE RGA opened at $180.62 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $11.88 billion, a P/E ratio of 13.45 and a beta of 0.89. The firm’s 50-day moving average is $181.44 and its two-hundred day moving average is $167.14. Reinsurance Group of America has a 12 month low of $133.13 and a 12 month high of $196.25.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, beating the consensus estimate of $4.40 by $0.33. The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.57 billion. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.99 earnings per share. On average, sell-side analysts anticipate that Reinsurance Group of America will post 19.46 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were paid a $0.85 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.40 annualized dividend and a yield of 1.88%. Reinsurance Group of America’s dividend payout ratio is 25.32%.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. The company 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.