Reinsurance Group of America Receives Average Recommendation of “Hold” from Analysts (NYSE:RGA)
Reinsurance Group of America (NYSE:RGA) has received a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, Analyst Ratings Network.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $87.00.
Shares of Reinsurance Group of America (NYSE:RGA) opened at 82.98 on Wednesday. Reinsurance Group of America has a 1-year low of $64.30 and a 1-year high of $83.15. The stock’s 50-day moving average is $80.93 and its 200-day moving average is $78.54. The company has a market cap of $5.689 billion and a P/E ratio of 9.44.
Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, July 24th. The company reported $2.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.97 by $0.26. During the same quarter in the prior year, the company posted ($0.99) earnings per share. On average, analysts predict that Reinsurance Group of America will post $8.07 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Reinsurance Group of America in a research note on Wednesday, August 13th. They now have a $84.00 price target on the stock. Separately, analysts at Morgan Stanley downgraded shares of Reinsurance Group of America from an “equal weight” rating to an “underweight” rating in a research note on Monday, August 11th. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Reinsurance Group of America from $86.00 to $88.00 in a research note on Thursday, July 31st.
In other Reinsurance Group of America news, VP Alain Neemeh unloaded 3,439 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $82.52, for a total transaction of $283,786.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Reinsurance Group of America, Incorporated (NYSE:RGA) is an insurance holding company.
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