Reinsurance Group of America (NYSE:RGA) Raised to “Buy” at Wall Street Zen

Reinsurance Group of America (NYSE:RGA) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

RGA has been the subject of a number of other reports. Morgan Stanley raised their price target on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. UBS Group raised their price target on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Piper Sandler reissued an “overweight” rating and set a $263.00 price target on shares of Reinsurance Group of America in a research report on Friday, February 6th. Barclays raised their price objective on shares of Reinsurance Group of America from $256.00 to $268.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $264.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $249.29.

Reinsurance Group of America Stock Performance

RGA opened at $210.27 on Friday. Reinsurance Group of America has a 12-month low of $165.52 and a 12-month high of $229.21. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $13.78 billion, a PE ratio of 11.39 and a beta of 0.50. The firm has a 50 day moving average of $207.78 and a two-hundred day moving average of $202.17.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same period last year, the firm posted $5.66 EPS. Reinsurance Group of America’s revenue for the quarter was up 23.5% compared to the same quarter last year. On average, analysts anticipate that Reinsurance Group of America will post 26.4 EPS for the current year.

Institutional Investors Weigh In On Reinsurance Group of America

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Burling Wealth Partners LLC grew its stake in shares of Reinsurance Group of America by 6.9% during the 1st quarter. Burling Wealth Partners LLC now owns 16,405 shares of the insurance provider’s stock worth $3,349,000 after purchasing an additional 1,059 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Reinsurance Group of America during the 1st quarter worth approximately $143,000. Convergence Investment Partners LLC grew its stake in Reinsurance Group of America by 38.0% in the 1st quarter. Convergence Investment Partners LLC now owns 8,538 shares of the insurance provider’s stock valued at $1,743,000 after acquiring an additional 2,353 shares during the period. Earned Wealth Advisors LLC acquired a new stake in Reinsurance Group of America in the 1st quarter valued at $223,000. Finally, WCM Investment Management LLC grew its stake in Reinsurance Group of America by 3.0% in the 1st quarter. WCM Investment Management LLC now owns 2,830,620 shares of the insurance provider’s stock valued at $566,803,000 after acquiring an additional 82,681 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America News Summary

Here are the key news stories impacting Reinsurance Group of America this week:

• Positive Sentiment: RGA delivered a Q1 earnings and revenue beat, driven by higher investment income, premium gains, and Financial Solutions growth, which is likely encouraging investors. RGA Q1 Earnings & Revenues Top Estimates on Higher Investment Income
• Positive Sentiment: JPMorgan raised its price target on RGA to $270 and kept an overweight rating, signaling confidence in further upside. Price target raised by JPMorgan Chase & Co.
• Positive Sentiment: RGA also announced a quarterly dividend of $0.93 per share, reinforcing its shareholder return profile.
• Neutral Sentiment: Several recap and comparison articles reiterated the same strong quarterly results, but did not add new material information for 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.