Reinsurance Group of America (NYSE:RGA) Given New $264.00 Price Target at Wells Fargo & Company

Reinsurance Group of America (NYSE:RGA) had its price objective upped by stock analysts at Wells Fargo & Company from $263.00 to $264.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 32.27% from the stock’s previous close.

RGA has been the subject of several other research reports. Piper Sandler dropped their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Barclays decreased their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley dropped their target price on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $229.62.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA traded up $0.22 during trading hours on Tuesday, reaching $199.59. The stock had a trading volume of 16,779 shares, compared to its average volume of 543,332. The company has a market cap of $13.15 billion, a price-to-earnings ratio of 18.70 and a beta of 0.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The business’s fifty day moving average is $214.67 and its two-hundred day moving average is $216.38. Reinsurance Group of America has a twelve month low of $171.84 and a twelve month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. As a group, research analysts expect that Reinsurance Group of America will post 22.9 EPS for the current year.

Institutional Trading of Reinsurance Group of America

Institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC raised its stake in Reinsurance Group of America by 4.2% in the third quarter. Private Advisor Group LLC now owns 4,169 shares of the insurance provider’s stock valued at $908,000 after purchasing an additional 169 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Reinsurance Group of America by 23,595.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,463 shares of the insurance provider’s stock worth $7,073,000 after acquiring an additional 32,326 shares during the period. Ballentine Partners LLC acquired a new stake in shares of Reinsurance Group of America during the 3rd quarter worth approximately $233,000. Wealth Enhancement Advisory Services LLC increased its stake in Reinsurance Group of America by 34.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,972 shares of the insurance provider’s stock valued at $1,083,000 after acquiring an additional 1,271 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in Reinsurance Group of America by 4.5% during the third quarter. State of Alaska Department of Revenue now owns 12,068 shares of the insurance provider’s stock valued at $2,629,000 after purchasing an additional 515 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.