Reinsurance Group of America (NYSE:RGA) Price Target Raised to $198.00

Reinsurance Group of America (NYSE:RGAGet Free Report) had its price target increased by equities researchers at UBS Group from $191.00 to $198.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. UBS Group’s target price indicates a potential upside of 18.53% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Jefferies Financial Group upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating and increased their price target for the company from $171.00 to $189.00 in a research note on Monday, December 11th. Royal Bank of Canada increased their price objective on Reinsurance Group of America from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday. Finally, Morgan Stanley increased their price objective on Reinsurance Group of America from $164.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, November 15th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.90.

Check Out Our Latest Analysis on Reinsurance Group of America

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock opened at $167.04 on Monday. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 12.44 and a beta of 0.89. The stock’s 50-day moving average is $165.55 and its 200-day moving average is $153.09. Reinsurance Group of America has a one year low of $120.99 and a one year high of $175.34. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.17 and a quick ratio of 0.14.

Reinsurance Group of America (NYSE:RGAGet Free Report) last issued its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.40 by $0.33. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period in the previous year, the company posted $2.99 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Equities analysts predict that Reinsurance Group of America will post 19.21 earnings per share for the current fiscal year.

Insider Activity at Reinsurance Group of America

In other Reinsurance Group of America news, EVP Ronald Herrmann sold 510 shares of Reinsurance Group of America stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $161.05, for a total transaction of $82,135.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RGA. CIBC Asset Management Inc lifted its stake in Reinsurance Group of America by 3.3% in the first quarter. CIBC Asset Management Inc now owns 2,183 shares of the insurance provider’s stock worth $290,000 after purchasing an additional 70 shares during the last quarter. Toth Financial Advisory Corp raised its stake in shares of Reinsurance Group of America by 41.2% during the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 70 shares during the last quarter. Simplicity Solutions LLC raised its stake in shares of Reinsurance Group of America by 3.7% during the second quarter. Simplicity Solutions LLC now owns 2,023 shares of the insurance provider’s stock valued at $281,000 after acquiring an additional 72 shares during the last quarter. Snowden Capital Advisors LLC raised its stake in shares of Reinsurance Group of America by 1.4% during the second quarter. Snowden Capital Advisors LLC now owns 5,614 shares of the insurance provider’s stock valued at $779,000 after acquiring an additional 75 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its stake in shares of Reinsurance Group of America by 2.0% during the third quarter. Integrated Investment Consultants LLC now owns 3,830 shares of the insurance provider’s stock valued at $556,000 after acquiring an additional 76 shares during the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Company Profile

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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.

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