Reinsurance Group of America (RGA) to Release Quarterly Earnings on Thursday

Reinsurance Group of America (NYSE:RGA) is scheduled to issue its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $5.11 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.54. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $5.07 billion. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.40 earnings per share. On average, analysts expect Reinsurance Group of America to post $22 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA opened at $212.67 on Thursday. The business’s 50-day simple moving average is $215.19 and its 200-day simple moving average is $207.94. Reinsurance Group of America has a 52 week low of $144.74 and a 52 week high of $227.87. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market cap of $13.99 billion, a price-to-earnings ratio of 16.52 and a beta of 0.91.

Reinsurance Group of America Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were given a $0.89 dividend. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.67%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 27.66%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RGA. Wells Fargo & Company raised their target price on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $220.00 to $222.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Barclays cut their price target on Reinsurance Group of America from $255.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, October 8th. Finally, Evercore ISI raised their price objective on shares of Reinsurance Group of America from $225.00 to $241.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 26th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and an average target price of $226.62.

Insider Activity at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the sale, the executive vice president now owns 12,357 shares in the company, valued at approximately $2,705,812.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.37% of the company’s stock.

Reinsurance Group of America Company Profile

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.