Reinsurance Group of America, Incorporated Plans Quarterly Dividend of $0.89 (NYSE:RGA)

Reinsurance Group of America, Incorporated (NYSE:RGA) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.89 per share by the insurance provider on Tuesday, March 4th. This represents a $3.56 dividend on an annualized basis and a yield of 1.55%.

Reinsurance Group of America has raised its dividend by an average of 6.8% annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Reinsurance Group of America has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Reinsurance Group of America to earn $23.15 per share next year, which means the company should continue to be able to cover its $3.56 annual dividend with an expected future payout ratio of 15.4%.

Reinsurance Group of America Stock Up 0.2 %

NYSE RGA traded up $0.54 on Thursday, reaching $230.04. The company had a trading volume of 626,243 shares, compared to its average volume of 410,139. The firm has a market capitalization of $15.15 billion, a price-to-earnings ratio of 21.12 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. Reinsurance Group of America has a 1-year low of $165.38 and a 1-year high of $233.81. The company’s fifty day moving average is $219.11 and its 200-day moving average is $217.39.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. On average, research analysts forecast that Reinsurance Group of America will post 21.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RGA shares. Royal Bank of Canada increased their price objective on shares of 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. Barclays reduced their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. TD Cowen started coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 9th. They set a “hold” rating and a $235.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $228.31.

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.