Reinsurance Group of America (NYSE:RGA) Price Target Increased to $222.00 by Analysts at JPMorgan Chase & Co.

Reinsurance Group of America (NYSE:RGA) had its target price raised by investment analysts at JPMorgan Chase & Co. from $220.00 to $222.00 in a report released on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the insurance provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 0.99% from the stock’s previous close.

Several other research firms also recently commented on RGA. Piper Sandler boosted their target price on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of Reinsurance Group of America from $236.00 to $239.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Morgan Stanley lowered their target price on shares of Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Jefferies Financial Group boosted their price target on Reinsurance Group of America from $63.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Evercore ISI increased their price objective on Reinsurance Group of America from $225.00 to $241.00 and gave the company an “outperform” rating in a report on Wednesday, June 26th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus target price of $225.92.

Reinsurance Group of America Trading Up 2.4 %

Shares of NYSE:RGA opened at $219.83 on Thursday. The firm has a fifty day moving average of $213.21 and a two-hundred day moving average of $205.62. 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 12-month low of $140.75 and a 12-month high of $227.87. The firm has a market capitalization of $14.46 billion, a P/E ratio of 17.08 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, August 1st. The insurance provider reported $5.48 earnings per share (EPS) for the quarter, beating 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 return on equity of 15.84% and a net margin of 4.01%. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the firm earned $4.40 earnings per share. On average, equities analysts expect that Reinsurance Group of America will post 21.7 EPS for the current fiscal year.

Insider Activity

In related news, EVP William L. Hutton sold 1,209 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the transaction, the executive vice president now owns 12,357 shares of the company’s stock, valued at approximately $2,705,812.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RGA. International Assets Investment Management LLC acquired a new stake in Reinsurance Group of America during the second quarter worth about $28,000. Family Firm Inc. acquired a new stake in shares of Reinsurance Group of America during the 2nd quarter worth approximately $29,000. New Covenant Trust Company N.A. bought a new stake in shares of Reinsurance Group of America during the first quarter valued at approximately $28,000. Rise Advisors LLC bought a new stake in shares of Reinsurance Group of America during the first quarter valued at approximately $29,000. Finally, LRI Investments LLC acquired a new position in shares of Reinsurance Group of America in the first quarter valued at $33,000. Institutional investors own 95.11% of the company’s stock.

About Reinsurance Group of America

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.