Stock analysts predict that Reinsurance Group of America, Incorporated (NYSE:RGA) will report earnings per share (EPS) of $1.22 for the current fiscal quarter, Zacks Investment Research reports. Four analysts provided earnings estimates for Reinsurance Group of America, with estimates ranging from ($0.15) to $2.66. Reinsurance Group of America reported earnings of ($1.24) per share in the same quarter last year, suggesting a positive year-over-year growth rate of 198.4%. The company is expected to release its next quarterly earnings report on Thursday, May 5.
On average, analysts expect Reinsurance Group of America to report annual earnings of $10.87 per share for the current fiscal year, with EPS estimates ranging from $8.90 to $12.88. For the next fiscal year, analysts expect the company to report earnings of $14.70 per share, with EPS estimates ranging from $13.30 to $15.70. Zacks Investment Research earnings per share averages are an average average based on a survey of sell-side research firms that provide coverage for Reinsurance Group of America.
Reinsurance Group of America (NYSE:RGA) last released its quarterly results on Thursday, February 3. The insurance provider reported ($0.56) earnings per share for the quarter, missing Thomson Reuters consensus estimate of $0.83 per ($1.39). Reinsurance Group of America achieved a return on equity of 1.49% and a net margin of 3.61%. In the same quarter last year, the company posted earnings per share of $1.19.
Several equity research analysts have commented on RGA shares. Zacks Investment Research downgraded Reinsurance Group of America from a “hold” rating to a “sell” rating and set a price target of $119.00 for the stock. in a research report on Tuesday, February 8. JPMorgan Chase & Co. cut its price target on shares of Reinsurance Group of America from $141.00 to $131.00 in a Tuesday, Jan. 4 research note. Goldman Sachs Group launched a hedge on shares of Reinsurance Group of America in a Thursday, Dec. 2 research note. They set a “buy” rating and a target price of $134.00 for the company. Morgan Stanley cut its price target on Reinsurance Group of America shares from $125.00 to $123.00 and set an “underweight” rating for the company in a Friday, Feb. 4 research note. Finally, Wolfe Research assumed coverage for Reinsurance Group of America stocks in a Friday, Jan. 21 research note. They set an “underperforming” rating and a price target of $100.00 for the company. Three equity research analysts rated the stock with a sell rating, one gave the stock a hold rating and five gave the stock a buy rating. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $129.00.
Action of the Reinsurance Group of America traded down $0.84 during Friday’s midday session, hitting $113.48. The company had a trading volume of 323,080 shares, compared to an average volume of 464,986. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt ratio of 0.25. Reinsurance Group of America has a 12-month low of $94.32 and a 12-month high of $134.93. The company’s fifty-day moving average is $110.62 and its 200-day moving average is $112.98. The company has a market capitalization of $7.67 billion, a price-earnings ratio of 13.09 and a beta of 1.26.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 1. Shareholders of record on Tuesday, February 15 will receive a dividend of $0.73 per share. The ex-date of this dividend is Monday, February 14. This represents a dividend of $2.92 on an annualized basis and a yield of 2.57%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 33.68%.
In other Reinsurance Group of America news, CEO Alka Gautam sold 858 shares in a trade that took place on Tuesday, December 28. The shares were sold at an average price of $110.05, for a total transaction of $94,422.90. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. 1.45% of the shares are held by insiders.
Several large investors have recently changed their positions in RGA. NN Investment Partners Holdings NV increased its equity stake in Reinsurance Group of America by 14.1% in the third quarter. NN Investment Partners Holdings NV now owns 117,242 shares of the insurance provider valued at $13,044,000 after buying an additional 14,456 shares in the last quarter. South Dakota Investment Council increased its stake in Reinsurance Group of America by 7.1% during the third quarter. The South Dakota Investment Council now owns 232,498 shares of the insurance provider valued at $25,868,000 after acquiring an additional 15,420 shares in the last quarter. Crestline Management LP acquired a new stake in Reinsurance Group of America during Q3, valued at approximately $3,044,000. Invenomic Capital Management LP increased its stake in Reinsurance Group of America by 50.7% during the 2nd quarter. Invenomic Capital Management LP now owns 45,298 shares of the insurance provider valued at $5,164,000 after acquiring an additional 15,245 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Reinsurance Group of America by 7.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 175,341 shares of the insurance provider valued at $19,505,000 after acquiring an additional 12,898 shares in the last quarter. 93.58% of the shares are currently held by institutional investors.
About Reinsurance Group of America
Reinsurance Group of America, Inc. is a holding company that provides traditional and non-traditional life and health reinsurance products. It operates through the following segments: United States and Latin America; Canada; Europe, Middle East and Africa; Asia Pacific; and Business and others.
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