Reinsurance Group of America (NYSE:RGA) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Reinsurance Group of America (NYSE:RGA) had its price objective hoisted by research analysts at Morgan Stanley from $208.00 to $223.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 5.95% from the company’s current price.

RGA has been the topic of a number of other research reports. TD Cowen reiterated a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Piper Sandler reaffirmed an “overweight” rating and issued a $263.00 target price on shares of Reinsurance Group of America in a report on Friday, February 6th. Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Keefe, Bruyette & Woods reduced their price target on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Finally, Barclays set a $245.00 price objective on Reinsurance Group of America and gave the company an “overweight” rating in a research report on Friday, February 6th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Reinsurance Group of America has an average rating of “Moderate Buy” and an average target price of $247.75.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock opened at $210.48 on Tuesday. Reinsurance Group of America has a twelve month low of $159.25 and a twelve month high of $229.21. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $13.80 billion, a P/E ratio of 11.86 and a beta of 0.50. The stock’s 50 day moving average is $207.81 and its 200 day moving average is $197.61.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, February 5th. The insurance provider reported $7.75 EPS for the quarter, topping 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 business had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.25 billion. During the same period in the previous year, the company posted $4.99 earnings per share. The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. On average, equities research analysts predict that Reinsurance Group of America will post 22.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Reinsurance Group of America

Several hedge funds and other institutional investors have recently modified their holdings of the company. Millstone Evans Group LLC grew its holdings in shares of Reinsurance Group of America by 82.4% in the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 61 shares during the period. Activest Wealth Management purchased a new position in Reinsurance Group of America in the fourth quarter worth about $30,000. Tobam boosted its position in Reinsurance Group of America by 244.7% in the fourth quarter. Tobam now owns 162 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 115 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at about $33,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Reinsurance Group of America during the 4th quarter valued at about $35,000. 95.11% of the stock is owned by institutional investors.

About Reinsurance Group of America

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.