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

Reinsurance Group of America (NYSE:RGA – Get Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other equities research analysts have also recently weighed in on the company. Evercore ISI raised Reinsurance Group of America from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $148.00 to $167.00 in a research note on Thursday, January 5th. JPMorgan Chase & Co. lifted their price objective on Reinsurance Group of America from $136.00 to $141.00 and gave the company a “neutral” rating in a research note on Friday, January 6th. Royal Bank of Canada raised Reinsurance Group of America from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $145.00 to $170.00 in a research note on Tuesday, December 6th. TheStreet raised Reinsurance Group of America from a “c+” rating to a “b-” rating in a research note on Thursday, November 3rd. Finally, Morgan Stanley lifted their price objective on Reinsurance Group of America from $145.00 to $160.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $150.89.

Reinsurance Group of America Price Performance

RGA stock opened at $146.39 on Thursday. The business has a fifty day moving average of $145.88 and a two-hundred day moving average of $138.68. The company has a quick ratio of 0.14, a current ratio of 0.13 and a debt-to-equity ratio of 0.94. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 15.91 and a beta of 0.91. Reinsurance Group of America has a 52-week low of $97.61 and a 52-week high of $153.35.

Reinsurance Group of America (NYSE:RGA – Get Rating) last posted its earnings results on Friday, February 3rd. The insurance provider reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.51 by ($0.52). The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.33 billion. Reinsurance Group of America had a return on equity of 16.86% and a net margin of 3.83%. Reinsurance Group of America’s revenue was up .4% compared to the same quarter last year. During the same period last year, the business earned ($0.56) EPS. As a group, research analysts anticipate that Reinsurance Group of America will post 15.8 earnings per share for the current year.

Institutional Trading of Reinsurance Group of America

Several institutional investors and hedge funds have recently made changes to their positions in the company. Natixis purchased a new stake in shares of Reinsurance Group of America in the 4th quarter valued at about $5,399,000. Triasima Portfolio Management inc. purchased a new stake in shares of Reinsurance Group of America in the 4th quarter valued at about $1,986,000. Truist Financial Corp lifted its holdings in shares of Reinsurance Group of America by 8.2% in the 4th quarter. Truist Financial Corp now owns 16,281 shares of the insurance provider’s stock valued at $2,313,000 after purchasing an additional 1,231 shares during the last quarter. American Trust increased its position in Reinsurance Group of America by 15.6% in the 4th quarter. American Trust now owns 2,908 shares of the insurance provider’s stock valued at $413,000 after acquiring an additional 392 shares during the period. Finally, Moneta Group Investment Advisors LLC increased its position in Reinsurance Group of America by 29.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 12,117 shares of the insurance provider’s stock valued at $1,722,000 after acquiring an additional 2,746 shares during the period. 96.46% of the stock is owned by hedge funds and other institutional investors.

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.