Reinsurance Group of America (NYSE:RGA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Reinsurance Group of America (NYSE:RGA) from a hold rating to a buy rating in a research report report published on Saturday morning.

Other equities analysts also recently issued reports about the stock. Morgan Stanley set a $208.00 price target on shares of Reinsurance Group of America in a research note on Monday, December 15th. Keefe, Bruyette & Woods dropped their target price on Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Barclays set a $245.00 price target on Reinsurance Group of America and gave the company an “overweight” rating in a report on Friday. TD Cowen restated a “hold” rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Finally, Wells Fargo & Company raised their price objective on shares of Reinsurance Group of America from $237.00 to $238.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $243.00.

Reinsurance Group of America Stock Performance

RGA stock opened at $219.35 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.13 and a current ratio of 0.14. The stock has a market cap of $14.41 billion, a P/E ratio of 12.36 and a beta of 0.53. The firm has a 50 day simple moving average of $201.10 and a 200 day simple moving average of $193.86. Reinsurance Group of America has a 52 week low of $159.25 and a 52 week high of $229.21.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, beating the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The firm had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same quarter in the prior year, the business earned $4.99 EPS. The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. Research analysts anticipate that Reinsurance Group of America will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio is currently 20.96%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Millstone Evans Group LLC lifted its position in Reinsurance Group of America by 82.4% in the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 61 shares during the period. Activest Wealth Management bought a new position in shares of Reinsurance Group of America during the 4th quarter worth about $30,000. Root Financial Partners LLC acquired a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at about $33,000. International Assets Investment Management LLC bought a new stake in Reinsurance Group of America in the fourth quarter valued at about $35,000. Finally, Advisory Services Network LLC bought a new stake in Reinsurance Group of America in the third quarter valued at about $38,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.