Brokerages Anticipate Reinsurance Group of America, Incorporated (NYSE:RGA) Will Post Quarterly Sales of $4.07 Billion

Equities analysts predict that Reinsurance Group of America, Incorporated (NYSE:RGA – Get Rating) will announce $4.07 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Reinsurance Group of America’s earnings, with the lowest sales estimate coming in at $3.90 billion and the highest estimate coming in at $4.15 billion. Reinsurance Group of America reported sales of $4.03 billion during the same quarter last year, which suggests a positive year over year growth rate of 1%. The business is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Reinsurance Group of America will report full year sales of $16.55 billion for the current financial year, with estimates ranging from $16.03 billion to $16.87 billion. For the next fiscal year, analysts anticipate that the company will post sales of $17.33 billion, with estimates ranging from $16.72 billion to $17.73 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Reinsurance Group of America.

Reinsurance Group of America (NYSE:RGA – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $1.02. The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.89 billion. Reinsurance Group of America had a return on equity of 1.59% and a net margin of 2.52%. Reinsurance Group of America’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the company earned ($1.24) earnings per share.

A number of research analysts recently issued reports on the company. Credit Suisse Group increased their price objective on Reinsurance Group of America from $76.00 to $80.00 and gave the stock an “underperform” rating in a report on Thursday, March 3rd. Jefferies Financial Group started coverage on Reinsurance Group of America in a research report on Tuesday, January 25th. They set a “buy” rating and a $130.00 price target for the company. TheStreet cut Reinsurance Group of America from a “b-” rating to a “c” rating in a research report on Thursday, May 5th. Wolfe Research started coverage on Reinsurance Group of America in a research report on Friday, January 21st. They set an “underperform” rating and a $100.00 price target for the company. Finally, StockNews.com cut Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Saturday. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $122.10.

In other Reinsurance Group of America news, Director Christine Rose Detrick sold 4,300 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $113.34, for a total transaction of $487,362.00. Following the transaction, the director now owns 1,618 shares in the company, valued at approximately $183,384.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.55% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of RGA. Moors & Cabot Inc. bought a new position in Reinsurance Group of America during the 3rd quarter worth $27,000. Spire Wealth Management increased its stake in shares of Reinsurance Group of America by 321.7% in the 4th quarter. Spire Wealth Management now owns 253 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 193 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Reinsurance Group of America in the 4th quarter valued at $28,000. Front Row Advisors LLC increased its stake in shares of Reinsurance Group of America by 49.2% in the 1st quarter. Front Row Advisors LLC now owns 291 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 96 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in shares of Reinsurance Group of America in the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 96.37% of the company’s stock.

Shares of NYSE:RGA traded up $3.61 during mid-day trading on Monday, reaching $117.91. 330,997 shares of the stock were exchanged, compared to its average volume of 364,189. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.40. The company has a market cap of $7.90 billion, a P/E ratio of 19.43 and a beta of 1.10. Reinsurance Group of America has a one year low of $94.32 and a one year high of $129.63. The stock’s 50 day simple moving average is $109.54 and its 200-day simple moving average is $110.05.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Tuesday, May 17th will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Monday, May 16th. This represents a $2.92 annualized dividend and a yield of 2.48%. Reinsurance Group of America’s payout ratio is currently 48.11%.

About Reinsurance Group of America (Get Rating)

Reinsurance Group of America, Incorporated engages in reinsurance business. It 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.

See Also