Reinsurance Group of America (NYSE:RGA) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Reinsurance Group of America (NYSE:RGA) had its price target raised by stock analysts at Wells Fargo & Company from $238.00 to $261.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 18.44% from the stock’s previous close.

Several other equities analysts also recently weighed in on RGA. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Morgan Stanley set a $208.00 price objective on shares of Reinsurance Group of America in a report on Monday, December 15th. Keefe, Bruyette & Woods decreased their target price on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. Finally, Barclays set a $245.00 price target on shares of Reinsurance Group of America and gave the stock an “overweight” rating in a research note on Friday, February 6th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus price target of $245.88.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $220.37 on Wednesday. Reinsurance Group of America has a 1 year low of $159.25 and a 1 year high of $229.21. The company’s 50 day simple moving average is $207.18 and its 200 day simple moving average is $196.82. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of 12.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.13 and a current ratio of 0.14.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, beating the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The company had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same period in the previous year, the firm posted $4.99 EPS. Reinsurance Group of America’s revenue was up 26.6% on a year-over-year basis. On average, sell-side analysts predict that Reinsurance Group of America will post 22.9 EPS for the current year.

Institutional Trading of Reinsurance Group of America

A number of institutional investors have recently added to or reduced their stakes in RGA. Goldman Sachs Group Inc. lifted its stake in shares of Reinsurance Group of America by 44.3% during the first quarter. Goldman Sachs Group Inc. now owns 221,198 shares of the insurance provider’s stock worth $43,554,000 after purchasing an additional 67,880 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Reinsurance Group of America by 121.2% during the 1st quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider’s stock valued at $527,000 after buying an additional 1,466 shares during the period. Geneos Wealth Management Inc. lifted its position in Reinsurance Group of America by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock worth $76,000 after acquiring an additional 58 shares in the last quarter. Focus Partners Advisor Solutions LLC boosted its holdings in Reinsurance Group of America by 18.3% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 2,945 shares of the insurance provider’s stock worth $584,000 after acquiring an additional 456 shares during the period. Finally, Brighton Jones LLC acquired a new stake in Reinsurance Group of America in the second quarter valued at approximately $375,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.