RGA Earnings Beat: $8.49 EPS Prompts Dowling to Lift FY2027 Target

Dowling & Partners raised its fiscal 2027 earnings estimate for Reinsurance Group of America (NYSE: RGA) to $30.60 per share on Tuesday, November 10th, lifting its prior forecast of $29.90 by 70 cents after the reinsurer posted a quarterly beat of $1.52 per share. Analyst J. Hurwitz, who authored the research note, also set a fiscal 2028 estimate of $33.10 per share. The move lands one trading week after RGA reported third-quarter earnings that cleared both the top and bottom lines by wide margins.

What did RGA report on November 5th?

The company posted earnings of $8.49 per share for the quarter, beating the consensus estimate of $6.97 by $1.52. Revenue reached $7.55 billion against analyst expectations of $6.69 billion. Net margin came in at 6.26%, and return on equity reached 16.18%. In the same quarter a year earlier, RGA earned $6.37 per share, so the year-over-year gain in quarterly EPS totaled $2.12.

The revision follows the numbers. A $1.52 beat and revenue roughly $860 million above expectations gave Dowling the basis to push its forward estimates higher. In plain terms, the reinsurer earned more than the market expected, and analysts are adjusting.

How does the wider analyst community see the stock?

Several research firms have updated their views on RGA in recent weeks:

• Weiss Ratings restated a "buy (b)" rating on Wednesday, November 4th.
• Wells Fargo raised its price target from $292.00 to $312.00 and kept an "overweight" rating on Thursday.
• TD Cowen lifted its target from $235.00 to $250.00 with a "hold" rating on Wednesday, October 21st.
• UBS Group upgraded the stock from "hold" to "strong-buy" on Friday, July 24th.
• Morgan Stanley moved RGA from "equal weight" to "overweight" with a $295.00 price objective on Monday, September 28th.

Taken together, one analyst rates the stock Strong Buy, seven issue a Buy and one holds a Hold. According to MarketBeat, the average rating sits at "Buy" with an average price target of $281.12.

Where does the share price stand?

RGA opened at $273.76 on Friday. The stock trades between a 52-week low of $182.73 and a 52-week high of $277.15, leaving it close to its ceiling. Its 50-day simple moving average is $257.08, and its 200-day average is $227.85 — both well below the current price.

The balance sheet metrics show a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 0.45. The company carries a market capitalization of $17.81 billion, a price-to-earnings ratio of 8.51 and a beta of 0.43, a low figure that signals limited sensitivity to broad market swings.

Are institutions buying?

Hedge funds and other institutional investors hold 95.11% of the stock, and several added to their positions in recent quarters:

• Greenleaf Trust boosted its stake by 2.4% in the second quarter, buying 42 additional shares to reach 1,811 shares worth $385,000.
• Paulson Wealth Management grew its position by 2.8% in the third quarter, adding 42 shares to hold 1,542 shares valued at $380,000.
• North Dakota State Investment Board increased its stake by 2.2% in the third quarter, purchasing 44 shares to own 2,005 shares worth $494,000.
• Allworth Financial raised its holding by 2.7% in the third quarter, adding 57 shares for a total of 2,175 shares worth $536,000.
• Elevation Wealth Partners expanded its stake by 9.5% in the second quarter, acquiring 61 shares to hold 702 shares worth $149,000.

The increments are modest in dollar terms. The signal matters more: institutional ownership stayed near-total through the rally.

What is the dividend picture?

RGA declared a quarterly dividend payable on Tuesday, December 1st, to stockholders of record on Tuesday, November 17th. The payout is $0.98 per share, which annualizes to $3.92 and yields 1.4% at current prices. The dividend payout ratio stands at 15.15%, leaving substantial room for the payout to grow alongside earnings.

What does RGA actually do?

Founded in 1973, Reinsurance Group of America is a global life and health reinsurer. It works with insurance companies to manage risk and support product development and distribution. Its services span life and health reinsurance, longevity risk solutions and asset-intensive reinsurance, plus underwriting expertise, data and analytics, and product and risk-management support. The firm operates across North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.

The takeaway is simple: a large earnings beat, a fresh $30.60 estimate for 2027, a 1.4% yield and near-universal institutional ownership now frame the RGA story.