Reinsurance Group of America (NYSE:RGA)‘s stock had its “hold” rating reissued by equities researchers at Royal Bank Of Canada in a report issued on Friday. They currently have a $165.00 target price on the insurance provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 2.56% from the company’s current price.

Other equities analysts have also issued reports about the stock. Goldman Sachs Group initiated coverage on shares of Reinsurance Group of America in a report on Wednesday, October 18th. They set a “buy” rating and a $153.00 price objective on the stock. Citigroup set a $171.00 price objective on shares of Reinsurance Group of America and gave the company a “buy” rating in a report on Tuesday, November 21st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $148.00 price objective on shares of Reinsurance Group of America in a report on Friday, November 10th. Finally, Wells Fargo & Company reissued a “hold” rating and set a $131.00 price objective on shares of Reinsurance Group of America in a report on Thursday, October 26th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Reinsurance Group of America presently has a consensus rating of “Hold” and an average price target of $141.13.

Shares of Reinsurance Group of America (RGA) traded up $1.09 during mid-day trading on Friday, reaching $160.88. 263,500 shares of the company traded hands, compared to its average volume of 320,836. The stock has a market capitalization of $10,291.12, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 1.60 and a beta of 0.82. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.34. Reinsurance Group of America has a 12 month low of $121.93 and a 12 month high of $165.12.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, October 26th. The insurance provider reported $3.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.82. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.08 billion. Reinsurance Group of America had a net margin of 6.44% and a return on equity of 9.32%. Reinsurance Group of America’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company posted $2.46 earnings per share. analysts anticipate that Reinsurance Group of America will post 11.07 EPS for the current fiscal year.

In other news, EVP John P. Laughlin, Jr. sold 1,000 shares of Reinsurance Group of America stock in a transaction on Monday, November 6th. The shares were sold at an average price of $149.96, for a total transaction of $149,960.00. Following the completion of the sale, the executive vice president now directly owns 27,277 shares in the company, valued at $4,090,458.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christine Rose Detrick sold 659 shares of Reinsurance Group of America stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total transaction of $98,520.50. Following the sale, the director now owns 4,023 shares of the company’s stock, valued at $601,438.50. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Toronto Dominion Bank lifted its stake in shares of Reinsurance Group of America by 11.7% during the second quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock worth $101,000 after buying an additional 83 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in shares of Reinsurance Group of America during the third quarter worth $113,000. Acrospire Investment Management LLC lifted its stake in shares of Reinsurance Group of America by 66.7% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock worth $128,000 after buying an additional 400 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Reinsurance Group of America by 27.3% during the second quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock worth $148,000 after buying an additional 248 shares during the period. Finally, Pacad Investment Ltd. acquired a new stake in shares of Reinsurance Group of America during the second quarter worth $167,000. Institutional investors and hedge funds own 91.53% of the company’s stock.

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About Reinsurance Group of America

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

Analyst Recommendations for Reinsurance Group of America (NYSE:RGA)

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