Reinsurance Group of America Inc. (NYSE:RGA) has been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $104.14.

Several equities research analysts have recently commented on RGA shares. Zacks Investment Research raised shares of Reinsurance Group of America from a “hold” rating to a “strong-buy” rating and set a $126.00 target price for the company in a research report on Thursday, October 20th. Credit Suisse Group AG started coverage on shares of Reinsurance Group of America in a research report on Friday, October 7th. They issued a “neutral” rating and a $115.00 target price for the company. JPMorgan Chase & Co. cut shares of Reinsurance Group of America from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $105.00 to $108.00 in a research report on Tuesday, October 4th. Deutsche Bank AG cut shares of Reinsurance Group of America from a “buy” rating to a “hold” rating and raised their target price for the stock from $108.00 to $112.00 in a research report on Wednesday, October 19th. Finally, Wells Fargo & Co. started coverage on shares of Reinsurance Group of America in a research report on Friday, September 23rd. They issued a “market perform” rating for the company.

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In other Reinsurance Group of America news, EVP Alain Neemeh sold 5,705 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $107.66, for a total transaction of $614,200.30. Following the completion of the sale, the executive vice president now directly owns 40,829 shares in the company, valued at approximately $4,395,650.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.47% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Creative Planning raised its stake in Reinsurance Group of America by 4.7% in the second quarter. Creative Planning now owns 1,136 shares of the company’s stock worth $110,000 after buying an additional 51 shares in the last quarter. Acrospire Investment Management LLC raised its stake in Reinsurance Group of America by 50.0% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $116,000 after buying an additional 400 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Reinsurance Group of America during the second quarter worth $161,000. Seven Eight Capital LLC raised its stake in Reinsurance Group of America by 325.0% in the second quarter. Seven Eight Capital LLC now owns 1,700 shares of the company’s stock worth $165,000 after buying an additional 1,300 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its stake in Reinsurance Group of America by 3.6% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,543 shares of the company’s stock worth $167,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Reinsurance Group of America (NYSE:RGA) traded down 0.55% during midday trading on Wednesday, hitting $121.25. 438,501 shares of the stock traded hands. The stock’s 50-day moving average price is $112.94 and its 200-day moving average price is $103.59. The stock has a market capitalization of $7.79 billion, a P/E ratio of 11.74 and a beta of 0.93. Reinsurance Group of America has a 52 week low of $76.96 and a 52 week high of $122.97.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $2.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.38 by $0.08. The business earned $2.90 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Reinsurance Group of America had a net margin of 5.98% and a return on equity of 9.14%. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.90 EPS. Equities research analysts expect that Reinsurance Group of America will post $9.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 29th. Shareholders of record on Tuesday, November 8th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $1.64 dividend on an annualized basis and a yield of 1.35%. Reinsurance Group of America’s dividend payout ratio is currently 15.86%.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional and non-traditional life and health reinsurance. The Company has geographic-based or function-based segments, including U.S. and Latin America; Canada; Europe, Middle East and Africa; Asia Pacific, and Corporate and Other.

5 Day Chart for NYSE:RGA

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