Brokerages Set Reinsurance Group of America Inc (RGA) Target Price at $123.67

Brokerages Set Reinsurance Group of America Inc (RGA) Target Price at $123.67

Shares of Reinsurance Group of America Inc (NYSE:RGA) have earned a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $116.56.

Several equities analysts have commented on RGA shares. Zacks Investment Research downgraded shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research note on Tuesday, January 10th. Deutsche Bank AG boosted their price target on shares of Reinsurance Group of America from $121.00 to $127.00 and gave the stock a “hold” rating in a research note on Monday, January 23rd. Citigroup Inc started coverage on shares of Reinsurance Group of America in a research note on Thursday, January 26th. They issued a “buy” rating and a $144.00 price target for the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $125.00 price target on shares of Reinsurance Group of America in a research note on Thursday, April 6th. Finally, Wells Fargo & Co restated a “hold” rating on shares of Reinsurance Group of America in a research note on Friday, April 28th.

In related news, Director J Cliff Eason sold 1,854 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $129.62, for a total transaction of $240,315.48. Following the completion of the transaction, the director now owns 13,700 shares in the company, valued at $1,775,794. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Christine Rose Detrick sold 500 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $127.00, for a total transaction of $63,500.00. Following the transaction, the director now owns 5,432 shares of the company’s stock, valued at approximately $689,864. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,318 shares of company stock valued at $812,650. Insiders own 1.47% of the company’s stock.

Several institutional investors have recently modified their holdings of RGA. Brown Advisory Inc. increased its position in shares of Reinsurance Group of America by 0.5% in the fourth quarter. Brown Advisory Inc. now owns 3,705 shares of the insurance provider’s stock worth $466,000 after buying an additional 18 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Reinsurance Group of America by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,506 shares of the insurance provider’s stock worth $1,196,000 after buying an additional 30 shares during the last quarter. Creative Planning increased its position in shares of Reinsurance Group of America by 3.2% in the first quarter. Creative Planning now owns 1,050 shares of the insurance provider’s stock worth $133,000 after buying an additional 33 shares during the last quarter. Heartland Advisors Inc. increased its position in shares of Reinsurance Group of America by 2.1% in the first quarter. Heartland Advisors Inc. now owns 2,197 shares of the insurance provider’s stock worth $279,000 after buying an additional 46 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Reinsurance Group of America by 3.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,712 shares of the insurance provider’s stock worth $203,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 92.20% of the company’s stock.

Shares of Reinsurance Group of America (NYSE:RGA) remained flat at $126.87 on Monday. The company had a trading volume of 157,186 shares. The company has a market capitalization of $8.16 billion, a PE ratio of 10.59 and a beta of 0.97. Reinsurance Group of America has a 52-week low of $90.26 and a 52-week high of $132.79. The stock has a 50-day moving average of $126.56 and a 200 day moving average of $123.91.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, April 27th. The insurance provider reported $1.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.11 by $0.25. The business earned $3.01 billion during the quarter, compared to analyst estimates of $2.86 billion. Reinsurance Group of America had a return on equity of 8.62% and a net margin of 6.09%. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 EPS. On average, equities research analysts anticipate that Reinsurance Group of America will post $9.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 30th. Investors of record on Tuesday, May 9th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, May 5th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.29%. Reinsurance Group of America’s payout ratio is currently 15.19%.

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.

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