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

Reinsurance Group of America, Incorporated (NYSE:RGA) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Tuesday, February 18th will be given 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 dividend yield of 1.71%. The ex-dividend date is Tuesday, February 18th.

Reinsurance Group of America has increased its dividend by an average of 6.8% annually over the last three years and has raised its dividend every year for the last 15 years. Reinsurance Group of America has a dividend payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Reinsurance Group of America to earn $25.22 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 14.1%.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $208.71 on Friday. The firm has a market capitalization of $13.75 billion, a P/E ratio of 19.43 and a beta of 0.93. Reinsurance Group of America has a 12 month low of $165.38 and a 12 month high of $233.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. The company’s fifty day moving average price is $219.12 and its two-hundred day moving average price is $217.48.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.80%. On average, research analysts anticipate that Reinsurance Group of America will post 23.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. 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. Royal Bank of Canada increased their target price on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Barclays lowered 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 report on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.