Shares of Reinsurance Group of America Inc (NYSE:RGA) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $161.80.
RGA has been the subject of several recent research reports. UBS Group reduced their target price on shares of Reinsurance Group of America from $156.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Evercore ISI downgraded shares of Reinsurance Group of America from an “in-line” rating to an “underperform” rating in a research note on Tuesday, January 7th. ValuEngine upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Finally, Zacks Investment Research raised Reinsurance Group of America from a “sell” rating to a “hold” rating and set a $160.00 target price on the stock in a research report on Friday, October 11th.
In other news, EVP John P. Laughlin, Jr. sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $167.60, for a total transaction of $335,200.00. Following the completion of the sale, the executive vice president now directly owns 34,097 shares in the company, valued at approximately $5,714,657.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John P. Laughlin, Jr. sold 1,336 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $163.31, for a total value of $218,182.16. Over the last 90 days, insiders sold 9,744 shares of company stock valued at $1,606,434. Corporate insiders own 0.78% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in RGA. Nuveen Asset Management LLC grew its holdings in Reinsurance Group of America by 17,390.2% in the second quarter. Nuveen Asset Management LLC now owns 294,360 shares of the insurance provider’s stock worth $45,928,000 after purchasing an additional 292,677 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Reinsurance Group of America by 54.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 562,384 shares of the insurance provider’s stock worth $89,914,000 after acquiring an additional 199,394 shares during the last quarter. Boston Partners lifted its position in Reinsurance Group of America by 5.6% during the 3rd quarter. Boston Partners now owns 2,116,329 shares of the insurance provider’s stock worth $338,398,000 after acquiring an additional 112,293 shares during the period. Invesco Ltd. increased its holdings in shares of Reinsurance Group of America by 39.0% in the second quarter. Invesco Ltd. now owns 395,846 shares of the insurance provider’s stock valued at $61,764,000 after purchasing an additional 111,096 shares during the period. Finally, Waddell & Reed Financial Inc. acquired a new position in shares of Reinsurance Group of America in the second quarter valued at about $16,513,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:RGA traded up $1.91 during mid-day trading on Thursday, reaching $159.23. 5,905 shares of the stock were exchanged, compared to its average volume of 257,771. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The company has a market cap of $9.85 billion, a P/E ratio of 13.13 and a beta of 0.64. Reinsurance Group of America has a one year low of $139.83 and a one year high of $169.26. The stock’s 50 day simple moving average is $162.68 and its 200-day simple moving average is $158.54.
Reinsurance Group of America (NYSE:RGA) last released its earnings results on Wednesday, October 30th. The insurance provider reported $4.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.42 by $0.60. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Reinsurance Group of America had a return on equity of 8.49% and a net margin of 5.40%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.03 EPS. Analysts anticipate that Reinsurance Group of America will post 13.65 EPS for the current fiscal year.
Reinsurance Group of America Company Profile
Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.
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