Reinsurance Group of America (NYSE:RGA) PT Raised to $208.00 at JPMorgan Chase & Co.

Reinsurance Group of America (NYSE:RGA) had its price objective increased by JPMorgan Chase & Co. from $195.00 to $208.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 1.53% from the company’s current price.

Several other analysts have also weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $210.00 to $227.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. UBS Group upped their price target on shares of Reinsurance Group of America from $223.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Raymond James upped their price target on shares of Reinsurance Group of America from $212.00 to $228.00 and gave the stock a “strong-buy” rating in a research report on Friday, June 14th. Morgan Stanley upped their price target on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Finally, Jefferies Financial Group upped their price target on shares of Reinsurance Group of America from $240.00 to $247.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.18.

Reinsurance Group of America Stock Down 0.5 %

RGA stock opened at $204.87 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.19 and a quick ratio of 0.19. Reinsurance Group of America has a 1-year low of $135.07 and a 1-year high of $213.21. The firm has a fifty day moving average price of $204.50 and a two-hundred day moving average price of $185.80. The firm has a market cap of $13.48 billion, a price-to-earnings ratio of 15.92 and a beta of 0.92.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Friday, May 3rd. The insurance provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $4.55 by $1.47. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. The firm had revenue of $6.34 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the previous year, the firm earned $5.16 earnings per share. Research analysts predict that Reinsurance Group of America will post 20.94 EPS for the current year.

Insider Activity at Reinsurance Group of America

In related news, EVP John W. Hayden sold 1,767 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $206.85, for a total value of $365,503.95. Following the completion of the transaction, the executive vice president now owns 16,490 shares in the company, valued at approximately $3,410,956.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Reinsurance Group of America

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Reinsurance Group of America by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,350,810 shares of the insurance provider’s stock valued at $1,067,264,000 after acquiring an additional 110,877 shares during the last quarter. American Century Companies Inc. lifted its holdings in Reinsurance Group of America by 7.3% in the 3rd quarter. American Century Companies Inc. now owns 2,605,471 shares of the insurance provider’s stock valued at $378,288,000 after acquiring an additional 177,299 shares during the last quarter. Earnest Partners LLC lifted its holdings in Reinsurance Group of America by 4.2% in the 1st quarter. Earnest Partners LLC now owns 2,577,901 shares of the insurance provider’s stock valued at $497,226,000 after acquiring an additional 104,256 shares during the last quarter. Nuance Investments LLC lifted its holdings in Reinsurance Group of America by 14.7% in the 4th quarter. Nuance Investments LLC now owns 1,114,060 shares of the insurance provider’s stock valued at $180,233,000 after acquiring an additional 142,627 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Reinsurance Group of America by 5.7% during the first quarter. Sei Investments Co. now owns 780,010 shares of the insurance provider’s stock valued at $150,448,000 after buying an additional 42,135 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

About Reinsurance Group of America

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.