Reinsurance Group of America Inc (RGA) Given Consensus Rating of “Hold” by Analysts

Shares of Reinsurance Group of America Inc (NYSE:RGA) have been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $143.25.

A number of equities analysts have issued reports on RGA shares. Royal Bank of Canada increased their target price on Reinsurance Group of America and gave the stock a “market perform” rating in a report on Monday, October 30th. Keefe, Bruyette & Woods restated a “hold” rating and set a $148.00 price objective on shares of Reinsurance Group of America in a research report on Friday, November 10th. Wells Fargo & Co reaffirmed a “hold” rating and set a $131.00 target price on shares of Reinsurance Group of America in a report on Thursday, October 26th. Citigroup set a $171.00 target price on shares of Reinsurance Group of America and gave the stock a “buy” rating in a report on Tuesday, November 21st. Finally, Goldman Sachs Group initiated coverage on shares of Reinsurance Group of America in a report on Wednesday, October 18th. They set a “buy” rating and a $153.00 target price on the stock.

In related news, EVP John P. Laughlin, Jr. sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $155.60, for a total transaction of $77,800.00. Following the sale, the executive vice president now owns 26,777 shares of the company’s stock, valued at approximately $4,166,501.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $149.96, for a total transaction of $149,960.00. Following the sale, the executive vice president now directly owns 27,277 shares in the company, valued at approximately $4,090,458.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,159 shares of company stock worth $326,281. Corporate insiders own 1.76% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank grew its holdings in shares of Reinsurance Group of America by 11.7% during the 2nd quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock valued at $101,000 after purchasing an additional 83 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new stake in Reinsurance Group of America during the 3rd quarter valued at $113,000. Acrospire Investment Management LLC lifted its position in Reinsurance Group of America by 66.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock valued at $128,000 after acquiring an additional 400 shares during the period. D.A. Davidson & CO. lifted its position in Reinsurance Group of America by 27.3% during the 2nd quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock valued at $148,000 after acquiring an additional 248 shares during the period. Finally, Pacad Investment Ltd. purchased a new position in Reinsurance Group of America during the 2nd quarter valued at about $167,000. 91.49% of the stock is currently owned by institutional investors.

Shares of Reinsurance Group of America (NYSE RGA) traded up $0.49 on Monday, hitting $157.13. The stock had a trading volume of 158,000 shares, compared to its average volume of 215,975. The firm has a market cap of $10,119.81, a P/E ratio of 12.93, a P/E/G ratio of 1.55 and a beta of 0.82. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.34. Reinsurance Group of America has a fifty-two week low of $121.93 and a fifty-two week high of $165.12.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, October 26th. The insurance provider reported $3.44 EPS for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.82. Reinsurance Group of America had a net margin of 6.44% and a return on equity of 9.32%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the prior year, the company earned $2.46 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. sell-side analysts anticipate that Reinsurance Group of America will post 11.07 EPS for the current fiscal year.

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About Reinsurance Group of America

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

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

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