The Reinsurance Group of America Inc (RGA) Given Average Rating of “Hold” by Brokerages

The Reinsurance Group of America Inc (RGA) Given Average Rating of “Hold” by Brokerages

RGA has been the subject of a number of recent analyst reports. Zacks Investment Research raised Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a research report on Monday, March 27th. Jefferies Group LLC lowered their price objective on Reinsurance Group of America from $80.00 to $77.00 and set a “hold” rating for the company in a research report on Monday, May 1st. Royal Bank of Canada reaffirmed a “hold” rating and issued a $127.00 price objective on shares of Reinsurance Group of America in a research report on Friday, April 28th. Wells Fargo & Co reissued a “hold” rating on shares of Reinsurance Group of America in a research report on Friday, April 28th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $125.00 price target on shares of Reinsurance Group of America in a research report on Thursday, April 6th.

Reinsurance Group of America Inc (NYSE:RGA) has been assigned a consensus rating of “Hold” from the eleven analysts that are covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $116.56.

Reinsurance Group of America (NYSE RGA) opened at 126.08 on Monday. The company has a market cap of $8.12 billion, a PE ratio of 10.65 and a beta of 0.97. Reinsurance Group of America has a 52 week low of $90.26 and a 52 week high of $132.79. The stock has a 50 day moving average of $125.96 and a 200 day moving average of $126.05. Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, April 27th. The insurance provider reported $1.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.11 by $0.25. Reinsurance Group of America had a return on equity of 8.62% and a net margin of 6.09%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same period last year, the firm earned $1.85 earnings per share. The business’s revenue was up 19.7% compared to the same quarter last year. Equities research analysts predict that Reinsurance Group of America will post $9.63 EPS for the current fiscal year.

In related news, Director Christine Rose Detrick sold 500 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $127.00, for a total value of $63,500.00. Following the transaction, the director now owns 5,432 shares in the company, valued at $689,864. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.47% of the company’s stock. A number of hedge funds have recently made changes to their positions in the stock. Duncker Streett & Co. Inc. boosted its stake in shares of Reinsurance Group of America by 39.8% in the first quarter. Duncker Streett & Co. Inc. now owns 923 shares of the insurance provider’s stock valued at $117,000 after buying an additional 263 shares during the last quarter. Israel Discount Bank of New York GFN purchased a new stake in shares of Reinsurance Group of America during the fourth quarter valued at about $124,000. Israel Discount Bank of New York purchased a new stake in shares of Reinsurance Group of America during the first quarter valued at about $125,000. Focused Wealth Management Inc purchased a new stake in shares of Reinsurance Group of America during the fourth quarter valued at about $126,000. Finally, Creative Planning boosted its stake in shares of Reinsurance Group of America by 3.2% in the first quarter. Creative Planning now owns 1,050 shares of the insurance provider’s stock valued at $133,000 after buying an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 92.20% of the company’s stock.

About Reinsurance Group of America Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RGA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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