Reinsurance Group of America (NYSE:RGA)‘s stock had its “market perform” rating reissued by stock analysts at Wells Fargo & Co in a research report issued on Tuesday, The Fly reports. They presently have a $160.00 target price on the insurance provider’s stock, up from their prior target price of $150.00. Wells Fargo & Co’s target price would suggest a potential upside of 0.73% from the company’s current price.

A number of other research analysts have also weighed in on the company. Zacks Investment Research raised Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $174.00 target price on the stock in a report on Thursday, January 4th. Royal Bank of Canada reissued a “hold” rating and set a $165.00 target price on shares of Reinsurance Group of America in a report on Friday, December 8th. Citigroup set a $171.00 target price on Reinsurance Group of America and gave the stock a “buy” rating in a report on Tuesday, November 21st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $148.00 price objective on shares of Reinsurance Group of America in a report on Friday, November 10th. Finally, Goldman Sachs Group assumed coverage on Reinsurance Group of America in a report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $146.88.

Shares of Reinsurance Group of America (RGA) opened at $158.84 on Tuesday. The company has a market capitalization of $10,119.81, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.11 and a quick ratio of 0.11. 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 posted its quarterly earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.82. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.08 billion. Reinsurance Group of America had a return on equity of 9.32% and a net margin of 6.44%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.46 EPS. equities research analysts expect that Reinsurance Group of America will post 11.07 earnings per share for the current fiscal year.

In related news, EVP John P. Laughlin, Jr. sold 500 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $155.60, for a total transaction of $77,800.00. Following the completion of the sale, the executive vice president now directly owns 26,777 shares in the company, valued at approximately $4,166,501.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $149.96, for a total value of $149,960.00. Following the sale, the executive vice president now owns 27,277 shares of the company’s stock, valued at $4,090,458.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,159 shares of company stock valued at $326,281. Corporate insiders own 1.76% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank raised its position in Reinsurance Group of America by 11.7% in the second quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock valued at $101,000 after purchasing an additional 83 shares during the last quarter. Creative Planning raised its position in Reinsurance Group of America by 4.7% in the second quarter. Creative Planning now owns 1,136 shares of the insurance provider’s stock valued at $110,000 after purchasing an additional 51 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in Reinsurance Group of America in the third quarter valued at about $113,000. Acrospire Investment Management LLC raised its position in Reinsurance Group of America by 50.0% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the insurance provider’s stock valued at $116,000 after purchasing an additional 400 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its position in Reinsurance Group of America by 39.8% in the first quarter. Duncker Streett & Co. Inc. now owns 923 shares of the insurance provider’s stock valued at $117,000 after purchasing an additional 263 shares during the last quarter. Institutional investors and hedge funds own 91.49% 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.

The Fly

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

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