Reinsurance Group of America, Incorporated (RGA) Price Target Increased to $0.00 by Analysts at Royal Bank Of Canada

Reinsurance Group of America, Incorporated (NYSE:RGA) had its price objective hoisted by Royal Bank Of Canada in a research note published on Monday. The firm currently has a market perform rating on the insurance provider’s stock.

Several other research analysts also recently commented on the company. Wells Fargo & Company reaffirmed a hold rating and set a $131.00 target price on shares of Reinsurance Group of America, in a report on Thursday, October 26th. Goldman Sachs Group, Inc. (The) assumed coverage on Reinsurance Group of America, in a report on Wednesday, October 18th. They set a buy rating and a $153.00 target price 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 report on Thursday, August 3rd. Finally, Zacks Investment Research raised Reinsurance Group of America, from a hold rating to a buy rating and set a $157.00 target price on the stock in a report on Tuesday, August 1st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Reinsurance Group of America, has a consensus rating of Hold and a consensus price target of $133.88.

Reinsurance Group of America, (NYSE:RGA) last announced its earnings results on Thursday, October 26th. The insurance provider reported $3.44 EPS for the quarter, topping 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 return on equity of 9.32% and a net margin of 6.44%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.46 EPS.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2017/11/03/reinsurance-group-of-america-incorporated-rga-price-target-increased-to-0-00-by-analysts-at-royal-bank-of-canada.html.

The firm also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, November 6th. Reinsurance Group of America,’s dividend payout ratio is 16.46%.

In other news, EVP John P. Laughlin, Jr. sold 1,941 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $140.77, for a total value of $273,234.57. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan C. Henderson sold 440 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $139.87, for a total value of $61,542.80. Following the completion of the transaction, the director now directly owns 20,418 shares in the company, valued at $2,855,865.66. The disclosure for this sale can be found here. Insiders sold a total of 10,540 shares of company stock worth $1,480,973 over the last three months. 1.47% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the company. World Asset Management Inc increased its position in Reinsurance Group of America, by 0.4% in the 2nd quarter. World Asset Management Inc now owns 4,439 shares of the insurance provider’s stock valued at $570,000 after buying an additional 19 shares in the last quarter. Advisor Partners LLC increased its position in Reinsurance Group of America, by 1.5% in the 2nd quarter. Advisor Partners LLC now owns 1,956 shares of the insurance provider’s stock valued at $251,000 after buying an additional 28 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Reinsurance Group of America, by 0.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 8,599 shares of the insurance provider’s stock valued at $1,092,000 after buying an additional 39 shares in the last quarter. Stanley Laman Group Ltd. increased its position in Reinsurance Group of America, by 0.9% in the 2nd quarter. Stanley Laman Group Ltd. now owns 5,630 shares of the insurance provider’s stock valued at $723,000 after buying an additional 50 shares in the last quarter. Finally, Gotham Asset Management LLC increased its position in Reinsurance Group of America, by 3.2% in the 2nd quarter. Gotham Asset Management LLC now owns 1,794 shares of the insurance provider’s stock valued at $230,000 after buying an additional 56 shares in the last quarter. 90.52% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Reinsurance Group of America, (NYSE:RGA)

What are top analysts saying about Reinsurance Group of America Incorporated? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Reinsurance Group of America Incorporated and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit