Reinsurance Group of America (NYSE:RGA) Rating Increased to Buy at StockNews.com

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

RGA has been the topic of a number of other reports. Barclays cut their price target on Reinsurance Group of America from $255.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, October 8th. Jefferies Financial Group upped their price target on Reinsurance Group of America from $63.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. TD Cowen initiated coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Finally, Raymond James lifted their price target on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 24th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $226.62.

Reinsurance Group of America Trading Down 1.0 %

NYSE:RGA opened at $216.82 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.17 and a quick ratio of 0.17. The business’s 50-day simple moving average is $214.55 and its 200-day simple moving average is $207.41. Reinsurance Group of America has a fifty-two week low of $144.74 and a fifty-two week high of $227.87. The stock has a market capitalization of $14.28 billion, a PE ratio of 16.87 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $4.94 by $0.54. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the prior year, the company earned $4.40 earnings per share. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. Sell-side analysts expect that Reinsurance Group of America will post 21.8 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Reinsurance Group of America

Several hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in shares of Reinsurance Group of America during the first quarter worth approximately $675,000. Price T Rowe Associates Inc. MD raised its holdings in Reinsurance Group of America by 22.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 143,178 shares of the insurance provider’s stock valued at $27,617,000 after acquiring an additional 26,306 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Reinsurance Group of America by 50.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,486 shares of the insurance provider’s stock valued at $1,459,000 after acquiring an additional 2,524 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Reinsurance Group of America by 57.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 232,773 shares of the insurance provider’s stock worth $44,897,000 after purchasing an additional 84,647 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Reinsurance Group of America by 5.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 67,400 shares of the insurance provider’s stock worth $13,000,000 after purchasing an additional 3,247 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

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.