Reinsurance Group of America (NYSE:RGA) Upgraded at StockNews.com

Reinsurance Group of America (NYSE:RGA) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

RGA has been the topic of a number of other research reports. Jefferies Financial Group boosted their target price on shares of Reinsurance Group of America from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Royal Bank of Canada boosted their price objective on Reinsurance Group of America from $225.00 to $235.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Barclays initiated coverage on Reinsurance Group of America in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $255.00 target price for the company. JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $208.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, UBS Group boosted their target price on shares of Reinsurance Group of America from $223.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $225.17.

Reinsurance Group of America Price Performance

Shares of RGA stock opened at $215.61 on Friday. The business has a fifty day simple moving average of $213.38 and a 200 day simple moving average of $204.48. The company has a market cap of $14.20 billion, a P/E ratio of 16.75 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.52. Reinsurance Group of America has a twelve month low of $140.39 and a twelve month high of $227.87.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, August 1st. The insurance provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $4.94 by $0.54. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $5.07 billion. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.40 earnings per share. On average, sell-side analysts forecast that Reinsurance Group of America will post 21.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the sale, the executive vice president now directly owns 12,357 shares in the company, valued at approximately $2,705,812.29. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Reinsurance Group of America

A number of institutional investors and hedge funds have recently modified their holdings of RGA. Earnest Partners LLC lifted its position in shares of Reinsurance Group of America by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider’s stock valued at $539,476,000 after acquiring an additional 50,228 shares during the period. Sei Investments Co. raised its holdings in shares of Reinsurance Group of America by 5.9% during the second quarter. Sei Investments Co. now owns 825,719 shares of the insurance provider’s stock valued at $169,497,000 after purchasing an additional 45,709 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Reinsurance Group of America by 2.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 584,137 shares of the insurance provider’s stock worth $112,668,000 after purchasing an additional 15,926 shares in the last quarter. Junto Capital Management LP acquired a new stake in shares of Reinsurance Group of America in the 4th quarter valued at about $92,083,000. Finally, Zurich Insurance Group Ltd FI increased its position in Reinsurance Group of America by 681.8% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 507,840 shares of the insurance provider’s stock valued at $104,244,000 after buying an additional 442,883 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.