Reinsurance Group of America (NYSE:RGA) Given “Neutral” Rating at UBS Group

Reinsurance Group of America (NYSE:RGA)‘s stock had its “neutral” rating reissued by equities research analysts at UBS Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $216.00 price objective on the insurance provider’s stock, down from their previous price objective of $250.00. UBS Group’s target price would indicate a potential upside of 9.01% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on RGA. Piper Sandler dropped their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $232.00 to $237.00 in a research note on Wednesday. Morgan Stanley lowered their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $230.38.

Reinsurance Group of America Stock Up 0.6 %

Shares of RGA opened at $198.14 on Wednesday. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $203.89 and a 200 day moving average of $213.33. The company has a market cap of $13.08 billion, a PE ratio of 18.45 and a beta of 0.91. Reinsurance Group of America has a 52-week low of $178.84 and a 52-week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) 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%. On average, sell-side analysts expect that Reinsurance Group of America will post 22.9 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RGA. Colonial Trust Co SC boosted its stake in Reinsurance Group of America by 72.2% in the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 57 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 57 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Reinsurance Group of America in the 4th quarter worth $44,000. Versant Capital Management Inc grew its stake in Reinsurance Group of America by 38.1% during the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock worth $62,000 after buying an additional 80 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in Reinsurance Group of America by 99.4% during the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock worth $66,000 after buying an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

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.