Reinsurance Group of America Inc (RGA) Receives $149.22 Average Price Target from Analysts

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Reinsurance Group of America Inc (NYSE:RGA) has earned an average rating of “Hold” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $149.22.

RGA has been the subject of several research analyst reports. Credit Suisse Group reduced their target price on Reinsurance Group of America from $164.00 to $155.00 and set a “neutral” rating for the company in a research note on Wednesday, June 27th. Zacks Investment Research upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. ValuEngine downgraded Reinsurance Group of America from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Morgan Stanley reduced their target price on Reinsurance Group of America from $132.00 to $131.00 and set an “underweight” rating for the company in a research note on Wednesday, July 11th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $150.00 target price on shares of Reinsurance Group of America in a research note on Friday, July 27th.

Shares of NYSE RGA opened at $136.52 on Wednesday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.32. Reinsurance Group of America has a 12 month low of $131.72 and a 12 month high of $165.12. The company has a market cap of $9.20 billion, a PE ratio of 12.67 and a beta of 0.80.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, July 26th. The insurance provider reported $3.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.14 by ($0.04). Reinsurance Group of America had a return on equity of 7.99% and a net margin of 13.72%. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the firm posted $2.95 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. On average, research analysts expect that Reinsurance Group of America will post 11.28 EPS for the current year.

In other news, Director John J. Gauthier purchased 1,000 shares of Reinsurance Group of America stock in a transaction that occurred on Tuesday, July 31st. The stock was acquired at an average cost of $140.19 per share, for a total transaction of $140,190.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $280,380. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.69% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Boston Partners boosted its stake in Reinsurance Group of America by 3.3% in the 2nd quarter. Boston Partners now owns 2,207,709 shares of the insurance provider’s stock valued at $294,685,000 after purchasing an additional 70,038 shares during the period. Earnest Partners LLC boosted its stake in Reinsurance Group of America by 3.4% in the 2nd quarter. Earnest Partners LLC now owns 1,041,384 shares of the insurance provider’s stock valued at $139,004,000 after purchasing an additional 34,069 shares during the period. Allianz Asset Management GmbH boosted its stake in Reinsurance Group of America by 19.9% in the 1st quarter. Allianz Asset Management GmbH now owns 1,017,851 shares of the insurance provider’s stock valued at $156,750,000 after purchasing an additional 168,933 shares during the period. American Century Companies Inc. raised its holdings in Reinsurance Group of America by 7.0% in the 2nd quarter. American Century Companies Inc. now owns 944,051 shares of the insurance provider’s stock valued at $126,012,000 after acquiring an additional 62,073 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in Reinsurance Group of America by 15.9% in the 2nd quarter. Schroder Investment Management Group now owns 932,724 shares of the insurance provider’s stock valued at $35,271,000 after acquiring an additional 128,283 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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Analyst Recommendations for Reinsurance Group of America (NYSE:RGA)

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