Reinsurance Group of America, Incorporated (RGA) – What Are Analysts Thinking About This Stock?

Reinsurance Group of America, Incorporated (NYSE:RGA) has earned a consensus recommendation of “Buy” from the ten analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $270.00.

A number of equities analysts recently issued reports on RGA shares. UBS Group raised Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Barclays set a $292.00 price target on Reinsurance Group of America in a research report on Thursday, October 8th. Morgan Stanley upgraded shares of Reinsurance Group of America from an “equal weight” rating to an “overweight” rating and set a $295.00 target price for the company in a research report on Monday, September 28th. Wells Fargo & Company raised their target price on Reinsurance Group of America from $291.00 to $292.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Finally, TD Cowen lifted their target price on Reinsurance Group of America from $235.00 to $250.00 and gave the stock a “hold” rating in a report on Wednesday, October 21st.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA opened at $264.35 on Monday. The business has a 50-day moving average of $253.25 and a two-hundred day moving average of $224.63. The firm has a market capitalization of $17.26 billion, a PE ratio of 11.61 and a beta of 0.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.14 and a quick ratio of 0.14. Reinsurance Group of America has a 12 month low of $178.21 and a 12 month high of $272.44.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, August 6th. The insurance provider reported $8.89 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.39. The company had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.67 billion. Reinsurance Group of America had a return on equity of 14.78% and a net margin of 5.81%. The company’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.72 earnings per share. As a group, research analysts forecast that Reinsurance Group of America will post 29.78 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Jonathan Porter sold 8,589 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $246.30, for a total transaction of $2,115,470.70. Following the completion of the sale, the executive vice president directly owned 14,885 shares in the company, valued at approximately $3,666,175.50. This trade represents a 36.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Reinsurance Group of America

Hedge funds have recently modified their holdings of the stock. Boston Trust Walden Corp acquired a new position in shares of Reinsurance Group of America in the third quarter worth about $222,000. Chicago Partners Investment Group LLC raised its holdings in shares of Reinsurance Group of America by 34.4% during the third quarter. Chicago Partners Investment Group LLC now owns 5,545 shares of the insurance provider’s stock valued at $1,464,000 after acquiring an additional 1,418 shares during the period. Covestor Ltd lifted its position in shares of Reinsurance Group of America by 18.6% in the 3rd quarter. Covestor Ltd now owns 638 shares of the insurance provider’s stock valued at $157,000 after acquiring an additional 100 shares in the last quarter. AIA Group Ltd boosted its stake in Reinsurance Group of America by 14.3% in the 3rd quarter. AIA Group Ltd now owns 4,228 shares of the insurance provider’s stock worth $1,041,000 after purchasing an additional 528 shares during the period. Finally, Provenance Wealth Advisors LLC purchased a new position in Reinsurance Group of America during the 3rd quarter worth approximately $110,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE:RGA) is a global provider of life and health reinsurance. The company works with insurance carriers to help them manage mortality, longevity, morbidity and other insurance risks, while supporting the development and distribution of life and health insurance products.

RGA’s offerings include traditional life reinsurance, including term, whole life and universal life coverage, as well as health reinsurance and financial solutions. Its financial solutions business provides capital management, asset-intensive reinsurance, longevity and other risk-management arrangements designed to help insurers manage their balance sheets and meet changing customer and regulatory needs.

Founded in 1973 as part of General American Life Insurance Company, RGA became an independent public company in 1993.