Reinsurance Group of America Stock Rating Reaffirmed by Citigroup Inc. (RGA)
Reinsurance Group of America (NYSE:RGA)‘s stock had its “neutral” rating reaffirmed by investment analysts at Citigroup Inc. in a note issued to investors on Wednesday. They currently have a $80.00 price target on the stock, up from their previous price target of $76.00. Citigroup Inc.’s target price points to a potential upside of 0.76% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Reinsurance Group of America from $83.00 to $86.00 in a research note on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Reinsurance Group of America in a research note on Tuesday, July 1st. They now have a $94.00 price target on the stock, up previously from $86.00. Finally, analysts at Raymond James upgraded shares of Reinsurance Group of America from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 22nd. They now have a $86.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $84.29.
Reinsurance Group of America (NYSE:RGA) traded up 0.40% during mid-day trading on Wednesday, hitting $79.40. The stock had a trading volume of 309,483 shares. Reinsurance Group of America has a 52 week low of $63.95 and a 52 week high of $81.28. The stock has a 50-day moving average of $78.52 and a 200-day moving average of $77.04. The company has a market cap of $5.485 billion and a price-to-earnings ratio of 15.30.
Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by $0.12. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts expect that Reinsurance Group of America will post $7.74 EPS for the current fiscal year.
Reinsurance Group of America, Incorporated (NYSE:RGA) is an insurance holding company.
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