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

Reinsurance Group of America, Incorporated (NYSE:RGA) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $133.86.

A number of analysts have commented on RGA shares. Zacks Investment Research downgraded Reinsurance Group of America, from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Goldman Sachs Group, Inc. (The) started coverage on Reinsurance Group of America, in a research report on Wednesday, October 18th. They set a “buy” rating and a $153.00 target price for the company. Royal Bank Of Canada set a $134.00 target price on Reinsurance Group of America, and gave the stock a “hold” rating in a research report on Friday, July 28th. Keefe, Bruyette & Woods restated a “hold” rating and set a $137.00 target price on shares of Reinsurance Group of America, in a research report on Thursday, August 3rd. Finally, Wells Fargo & Company restated a “hold” rating and set a $131.00 target price on shares of Reinsurance Group of America, in a research report on Thursday, October 26th.

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Shares of Reinsurance Group of America, (NYSE RGA) traded up $1.07 during midday trading on Friday, hitting $150.37. The stock had a trading volume of 334,258 shares, compared to its average volume of 370,935. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $9,684.43, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.51 and a beta of 0.80. Reinsurance Group of America, has a fifty-two week low of $120.31 and a fifty-two week high of $152.19.

Reinsurance Group of America, (NYSE:RGA) last released its earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.82. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.08 billion. Reinsurance Group of America, had a return on equity of 9.32% and a net margin of 6.44%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 EPS. analysts predict that Reinsurance Group of America, will post 11.07 earnings per share for the current year.

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

In related news, EVP John P. Laughlin, Jr. sold 1,000 shares of Reinsurance Group of America, stock in a transaction on Monday, November 6th. The stock was sold at an average price of $149.96, for a total transaction of $149,960.00. Following the completion of the sale, the executive vice president now directly owns 27,277 shares of the company’s stock, valued at $4,090,458.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christine Rose Detrick sold 659 shares of Reinsurance Group of America, stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total value of $98,520.50. Following the sale, the director now directly owns 4,023 shares of the company’s stock, valued at $601,438.50. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of RGA. Toronto Dominion Bank lifted its holdings in Reinsurance Group of America, by 11.7% during the second quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock worth $101,000 after acquiring an additional 83 shares in the last quarter. Fieldpoint Private Securities LLC bought a new position in Reinsurance Group of America, during the third quarter worth about $113,000. Acrospire Investment Management LLC lifted its holdings in Reinsurance Group of America, by 66.7% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock worth $128,000 after acquiring an additional 400 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Reinsurance Group of America, by 27.3% during the second quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock worth $148,000 after acquiring an additional 248 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new position in Reinsurance Group of America, during the second quarter worth about $167,000. Hedge funds and other institutional investors own 91.12% of the company’s stock.

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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