Reinsurance Group of America, Incorporated (RGA) Receives $132.71 Consensus Target Price from Brokerages

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $133.88.

RGA has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a report on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Reinsurance Group of America, in a report on Wednesday, October 18th. They set a “buy” rating and a $153.00 target price on the stock. Royal Bank Of Canada set a $145.00 target price on shares of Reinsurance Group of America, and gave the company a “hold” rating in a report on Friday. Wells Fargo & Company restated a “hold” rating and set a $131.00 target price on shares of Reinsurance Group of America, in a report on Thursday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $137.00 target price on shares of Reinsurance Group of America, in a report on Thursday, August 3rd.

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Reinsurance Group of America, (NYSE:RGA) traded up 5.06% on Wednesday, hitting $152.19. 528,680 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $140.13 and a 200-day moving average price of $132.78. Reinsurance Group of America, has a 52-week low of $107.12 and a 52-week high of $152.19. The stock has a market cap of $9.82 billion, a P/E ratio of 12.96 and a beta of 0.85.

Reinsurance Group of America, (NYSE:RGA) last announced its earnings results on Thursday, October 26th. The insurance provider reported $3.44 EPS for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.82. Reinsurance Group of America, had a net margin of 6.44% and a return on equity of 9.51%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the previous year, the business posted $2.46 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts predict that Reinsurance Group of America, will post $10.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Monday, November 6th. Reinsurance Group of America,’s payout ratio is 16.46%.

In related news, EVP John P. Laughlin, Jr. sold 1,941 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $140.77, for a total value of $273,234.57. Following the transaction, the executive vice president now owns 28,218 shares in the company, valued at approximately $3,972,247.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christine Rose Detrick sold 750 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $139.50, for a total transaction of $104,625.00. Following the completion of the transaction, the director now owns 4,682 shares in the company, valued at approximately $653,139. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,970 shares of company stock worth $2,096,360. 1.47% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. AJO LP boosted its stake in Reinsurance Group of America, by 30.2% in the 2nd quarter. AJO LP now owns 1,748,038 shares of the insurance provider’s stock worth $224,431,000 after purchasing an additional 405,008 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Reinsurance Group of America, by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,113,665 shares of the insurance provider’s stock worth $142,984,000 after purchasing an additional 4,291 shares in the last quarter. Schroder Investment Management Group boosted its stake in Reinsurance Group of America, by 5.6% in the 2nd quarter. Schroder Investment Management Group now owns 837,291 shares of the insurance provider’s stock worth $107,944,000 after purchasing an additional 44,437 shares in the last quarter. LSV Asset Management boosted its stake in Reinsurance Group of America, by 9.0% in the 2nd quarter. LSV Asset Management now owns 752,869 shares of the insurance provider’s stock worth $96,660,000 after purchasing an additional 62,200 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Reinsurance Group of America, by 2.4% in the 2nd quarter. Northern Trust Corp now owns 729,503 shares of the insurance provider’s stock worth $93,661,000 after purchasing an additional 17,384 shares in the last quarter. Institutional investors own 90.58% of the company’s stock.

Reinsurance Group of America, Company Profile

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

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

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