Reinsurance Group of America, Incorporated (NYSE:RGA – Get Free Report) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Tuesday, August 18th will be paid a dividend of 0.98 per share by the insurance provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, August 18th. This is a 5.4% increase from Reinsurance Group of America’s previous quarterly dividend of $0.93.
Reinsurance Group of America has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 16 years. Reinsurance Group of America has a payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Reinsurance Group of America to earn $29.06 per share next year, which means the company should continue to be able to cover its $3.92 annual dividend with an expected future payout ratio of 13.5%.
Reinsurance Group of America Stock Down 0.5%
Shares of NYSE:RGA opened at $249.19 on Friday. The firm has a market capitalization of $16.27 billion, a PE ratio of 10.94 and a beta of 0.47. Reinsurance Group of America has a 1 year low of $178.21 and a 1 year high of $251.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.14 and a quick ratio of 0.14. The firm’s 50-day moving average is $227.11 and its two-hundred day moving average is $215.33.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on RGA shares. Barclays upped their price target on Reinsurance Group of America from $278.00 to $290.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $286.00 to $293.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. TD Cowen boosted their target price on shares of Reinsurance Group of America from $212.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Piper Sandler dropped their target price on Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $257.11.
Read Our Latest Analysis on RGA
Reinsurance Group of America Company Profile
Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.
RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.
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