Reinsurance Group of America (NYSE:RGA) Stock Rating Lowered by StockNews.com

Reinsurance Group of America (NYSE:RGA) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Several other research firms have also recently weighed in on RGA. Barclays cut their price objective on Reinsurance Group of America from $255.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday. Royal Bank of Canada upped their target price on Reinsurance Group of America from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Jefferies Financial Group upped their target price on Reinsurance Group of America from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. TD Cowen began coverage on Reinsurance Group of America in a research report on Wednesday. They set a “hold” rating and a $235.00 price objective on the stock. Finally, Evercore ISI increased their price objective on Reinsurance Group of America from $225.00 to $241.00 and gave the company an “outperform” rating in a research report on Wednesday, June 26th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.23.

Reinsurance Group of America Trading Up 1.3 %

RGA stock traded up $2.85 during mid-day trading on Wednesday, reaching $216.48. The company’s stock had a trading volume of 282,700 shares, compared to its average volume of 358,275. The company has a market cap of $14.24 billion, a price-to-earnings ratio of 16.82 and a beta of 0.91. The business’s 50 day moving average price is $212.77 and its 200 day moving average price is $206.26. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52. Reinsurance Group of America has a 12 month low of $143.96 and a 12 month high of $227.87.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.94 by $0.54. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter in the prior year, the company posted $4.40 earnings per share. Reinsurance Group of America’s revenue was up 17.4% compared to the same quarter last year. On average, equities research analysts predict that Reinsurance Group of America will post 21.7 EPS for the current year.

Insiders Place Their Bets

In other news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the sale, the executive vice president now directly owns 12,357 shares of the company’s stock, valued at $2,705,812.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Shell Asset Management Co. boosted its stake in shares of Reinsurance Group of America by 67.5% in the 4th quarter. Shell Asset Management Co. now owns 4,937 shares of the insurance provider’s stock valued at $799,000 after buying an additional 1,989 shares during the period. LM Advisors LLC purchased a new position in Reinsurance Group of America in the 4th quarter valued at $253,000. Occudo Quantitative Strategies LP grew its position in Reinsurance Group of America by 251.1% in the 4th quarter. Occudo Quantitative Strategies LP now owns 24,860 shares of the insurance provider’s stock valued at $4,022,000 after buying an additional 17,779 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Reinsurance Group of America in the 4th quarter valued at $304,000. Finally, Virtu Financial LLC purchased a new position in Reinsurance Group of America in the 4th quarter valued at $393,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

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.