Analysts Set Reinsurance Group of America, Incorporated (NYSE:RGA) Price Target at $122.10

Shares of Reinsurance Group of America, Incorporated (NYSE:RGAGet Rating) have earned a consensus recommendation of “Hold” from the twelve analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $123.00.

A number of equities research analysts recently weighed in on the stock. TheStreet lowered shares of Reinsurance Group of America from a “b-” rating to a “c” rating in a report on Thursday, May 5th. StockNews.com lowered shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research note on Saturday, May 14th. Jefferies Financial Group assumed coverage on shares of Reinsurance Group of America in a research note on Tuesday, January 25th. They issued a “buy” rating and a $130.00 price objective for the company. Credit Suisse Group increased their price objective on shares of Reinsurance Group of America from $76.00 to $80.00 and gave the company an “underperform” rating in a research note on Thursday, March 3rd. Finally, Zacks Investment Research upgraded shares of Reinsurance Group of America from a “strong sell” rating to a “hold” rating and set a $116.00 price objective for the company in a research note on Wednesday, April 6th.

In related news, Director Christine Rose Detrick sold 4,300 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $113.34, for a total value of $487,362.00. Following the completion of the transaction, the director now directly owns 1,618 shares of the company’s stock, valued at approximately $183,384.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.55% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Reinsurance Group of America by 5.5% in the 4th quarter. BlackRock Inc. now owns 6,383,743 shares of the insurance provider’s stock worth $698,957,000 after purchasing an additional 333,803 shares in the last quarter. American Century Companies Inc. lifted its stake in Reinsurance Group of America by 0.6% in the 1st quarter. American Century Companies Inc. now owns 3,625,215 shares of the insurance provider’s stock worth $396,816,000 after purchasing an additional 19,871 shares in the last quarter. State Street Corp lifted its stake in Reinsurance Group of America by 4.7% in the 1st quarter. State Street Corp now owns 2,411,086 shares of the insurance provider’s stock worth $263,917,000 after purchasing an additional 108,922 shares in the last quarter. Earnest Partners LLC lifted its stake in Reinsurance Group of America by 1.5% in the 1st quarter. Earnest Partners LLC now owns 2,113,439 shares of the insurance provider’s stock worth $231,337,000 after purchasing an additional 30,545 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Reinsurance Group of America by 2.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,904,057 shares of the insurance provider’s stock worth $208,511,000 after purchasing an additional 52,265 shares in the last quarter. 96.37% of the stock is owned by institutional investors.

Shares of RGA traded down $1.78 on Friday, reaching $119.77. The company’s stock had a trading volume of 321,151 shares, compared to its average volume of 432,939. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.40. Reinsurance Group of America has a twelve month low of $94.32 and a twelve month high of $128.93. The stock has a market capitalization of $8.02 billion, a PE ratio of 19.73 and a beta of 1.10. The firm has a fifty day moving average of $111.58 and a 200-day moving average of $110.08.

Reinsurance Group of America (NYSE:RGAGet Rating) last posted its earnings results on Thursday, May 5th. The insurance provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.61) by $1.08. Reinsurance Group of America had a net margin of 2.52% and a return on equity of 1.59%. The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the business posted ($1.24) EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. As a group, equities analysts anticipate that Reinsurance Group of America will post 9.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Tuesday, May 17th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Monday, May 16th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 48.11%.

About Reinsurance Group of America (Get Rating)

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

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