Reinsurance Group of America (NYSE:RGA – Get Rating) issued its quarterly earnings results on Friday. The insurance provider reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.51 by ($0.52), Briefing.com reports. Reinsurance Group of America had a return on equity of 9.22% and a net margin of 3.54%. The business had revenue of $4.38 billion during the quarter, compared to analysts' expectations of $4.33 billion. During the same quarter in the previous year, the company posted ($0.56) earnings per share. The company's quarterly revenue was up .4% compared to the same quarter last year.

Reinsurance Group of America Trading Down 3.2 %

Shares of RGA traded down $4.74 during mid-day trading on Friday, reaching $141.79. The company had a trading volume of 549,940 shares, compared to its average volume of 381,845. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 16.20 and a beta of 0.91. The firm has a fifty day simple moving average of $143.52 and a 200-day simple moving average of $134.78. Reinsurance Group of America has a fifty-two week low of $97.61 and a fifty-two week high of $153.35. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 1.12.

Analyst Ratings Changes

Several brokerages recently issued reports on RGA. The Goldman Sachs Group increased their price objective on Reinsurance Group of America from $147.00 to $162.00 and gave the stock a "buy" rating in a research note on Monday, January 9th. TheStreet upgraded Reinsurance Group of America from a "c+" rating to a "b-" rating in a research note on Thursday, November 3rd. Royal Bank of Canada upgraded Reinsurance Group of America from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $145.00 to $170.00 in a report on Tuesday, December 6th. Credit Suisse Group lifted their price objective on Reinsurance Group of America to $144.00 in a report on Thursday, October 27th. Finally, Barclays boosted their target price on Reinsurance Group of America from $138.00 to $148.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $150.89.

Hedge Funds Weigh In On Reinsurance Group of America

About Reinsurance Group of America

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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.

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