Reinsurance Group of America (NYSE:RGA) Releases Earnings Results, Misses Estimates By $0.23 EPS

Reinsurance Group of America (NYSE:RGA) posted its quarterly earnings results on Thursday. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23), Zacks reports. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%.

Reinsurance Group of America Trading Up 0.2 %

Shares of RGA stock traded up $0.54 on Thursday, reaching $230.04. 626,245 shares of the stock were exchanged, compared to its average volume of 410,152. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The stock has a market cap of $15.15 billion, a P/E ratio of 21.12 and a beta of 0.93. The firm has a 50 day moving average of $219.11 and a two-hundred day moving average of $217.39. Reinsurance Group of America has a 1-year low of $165.38 and a 1-year high of $233.81.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.55%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 32.69%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. TD Cowen began coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They set a “hold” rating and a $235.00 price objective on the stock. Barclays dropped their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada boosted their price target on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $228.31.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.