Reinsurance Group of America (RGA) Scheduled to Post Earnings on Thursday

Posted by Defense World Staff on Apr 27th, 2023

Reinsurance Group of America (NYSE:RGA – Get Rating) will post its quarterly earnings results after the market closes on Thursday, May 4th. Analysts expect Reinsurance Group of America to post earnings of $3.28 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Reinsurance Group of America (NYSE:RGA – Get Rating) last issued its earnings results on Friday, February 3rd. The insurance provider reported $2.99 EPS for the quarter, missing the consensus estimate of $3.51 by ($0.52). The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.33 billion. Reinsurance Group of America had a return on equity of 16.86% and a net margin of 3.83%. The firm’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.56) EPS. On average, analysts expect Reinsurance Group of America to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Reinsurance Group of America Stock Down 1.1 %

Shares of NYSE RGA opened at $138.80 on Thursday. The stock has a 50-day moving average price of $137.50 and a two-hundred day moving average price of $140.66. Reinsurance Group of America has a 12 month low of $104.46 and a 12 month high of $153.35. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 15.02 and a beta of 0.91. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.94.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Tuesday, February 14th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Monday, February 13th. Reinsurance Group of America’s payout ratio is 34.78%.

Institutional Trading of Reinsurance Group of America

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its holdings in shares of Reinsurance Group of America by 47.8% in the first quarter. Parkside Financial Bank & Trust now owns 368 shares of the insurance provider’s stock worth $40,000 after buying an additional 119 shares during the period. FinTrust Capital Advisors LLC increased its holdings in Reinsurance Group of America by 65.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 445 shares of the insurance provider’s stock worth $63,000 after purchasing an additional 176 shares during the period. Covestor Ltd increased its holdings in Reinsurance Group of America by 57.6% during the 1st quarter. Covestor Ltd now owns 829 shares of the insurance provider’s stock worth $91,000 after purchasing an additional 303 shares during the period. State of Wyoming increased its holdings in shares of Reinsurance Group of America by 34.8% in the 4th quarter. State of Wyoming now owns 1,010 shares of the insurance provider’s stock valued at $144,000 after acquiring an additional 261 shares during the period. Finally, Advisor Partners II LLC purchased a new position in shares of Reinsurance Group of America in the 4th quarter valued at $220,000. Hedge funds and other institutional investors own 96.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on RGA. Royal Bank of Canada lowered their price target on Reinsurance Group of America from $170.00 to $164.00 and set an “outperform” rating for the company in a research report on Thursday, April 20th. Barclays raised their target price on Reinsurance Group of America from $141.00 to $146.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 20th. Morgan Stanley raised their target price on Reinsurance Group of America from $145.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 10th. JPMorgan Chase & Co. lifted their price target on Reinsurance Group of America from $136.00 to $141.00 and gave the company a “neutral” rating in a research report on Friday, January 6th. Finally, Citigroup upgraded Reinsurance Group of America from a “sell” rating to a “buy” rating and lifted their price target for the company from $133.00 to $158.00 in a research report on Wednesday, March 15th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.50.

Reinsurance Group of America Company Profile

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Reinsurance Group of America, Inc is a holding company, which engages in the provision of traditional and non-traditional life and health reinsurance products. It operates through the following segments: U.S. and Latin America, Canada, Europe, Middle East, and Africa, Asia Pacific, and Corporate and Other.