Reinsurance Group of America, Incorporated (RGA) Given Average Recommendation of “Hold” by Brokerages

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) have received an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $132.29.

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $137.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research note on Tuesday, August 1st. Royal Bank Of Canada raised their target price on shares of Reinsurance Group of America, and gave the company a “market perform” rating in a research note on Monday. Wells Fargo & Company reaffirmed a “hold” rating and set a $131.00 target price on shares of Reinsurance Group of America, in a research note on Thursday. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of Reinsurance Group of America, in a research note on Wednesday, October 18th. They set a “buy” rating and a $153.00 target price for the company.

Shares of Reinsurance Group of America, (NYSE RGA) traded down 1.04% on Wednesday, reaching $150.61. 348,904 shares of the company traded hands. The stock has a 50-day moving average price of $140.13 and a 200 day moving average price of $132.78. The firm has a market capitalization of $9.71 billion, a P/E ratio of 12.83 and a beta of 0.85. Reinsurance Group of America, has a 1-year low of $107.12 and a 1-year high of $152.19.

Reinsurance Group of America, (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $3.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.82. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.08 billion. Reinsurance Group of America, had a net margin of 6.44% and a return on equity of 9.32%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $2.46 EPS. Analysts anticipate that Reinsurance Group of America, will post $10.24 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 7th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $2.00 annualized dividend and a yield of 1.33%. Reinsurance Group of America,’s payout ratio is 16.46%.

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In other Reinsurance Group of America, news, EVP John P. Laughlin, Jr. sold 1,941 shares of Reinsurance Group of America, stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $140.77, for a total value of $273,234.57. Following the completion of the transaction, the executive vice president now directly owns 28,218 shares of the company’s stock, valued at approximately $3,972,247.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christine Rose Detrick sold 750 shares of Reinsurance Group of America, stock in a transaction on 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 directly owns 4,682 shares of the company’s stock, valued at $653,139. The disclosure for this sale can be found here. Insiders have sold 14,970 shares of company stock valued at $2,096,360 over the last ninety days. 1.47% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of RGA. Janus Henderson Group PLC grew its stake in shares of Reinsurance Group of America, by 9,358.1% in the 2nd quarter. Janus Henderson Group PLC now owns 550,935 shares of the insurance provider’s stock worth $70,734,000 after buying an additional 545,110 shares in the last quarter. AJO LP grew its stake in shares of 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 buying an additional 405,008 shares in the last quarter. Janus Capital Management LLC grew its stake in shares of Reinsurance Group of America, by 564.5% in the 1st quarter. Janus Capital Management LLC now owns 451,200 shares of the insurance provider’s stock worth $57,293,000 after buying an additional 383,300 shares in the last quarter. Harbour Capital Advisors LLC grew its stake in shares of Reinsurance Group of America, by 12,739.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 243,941 shares of the insurance provider’s stock worth $1,900,000 after buying an additional 242,041 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its stake in shares of Reinsurance Group of America, by 1,577.6% in the 2nd quarter. Balyasny Asset Management LLC now owns 192,355 shares of the insurance provider’s stock worth $24,696,000 after buying an additional 180,889 shares in the last quarter. 90.52% of the stock is owned by institutional investors and hedge funds.

About Reinsurance Group of America,

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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