58.com Reiterates “Maintains” Rating for Reinsurance Group of America (NYSE:RGA)

Reinsurance Group of America (NYSE:RGA – Get Rating)‘s stock had its “maintains” rating restated by 58.com in a research note issued to investors on Wednesday, Benzinga reports.

Other analysts have also recently issued research reports about the company. Barclays upped their price target on Reinsurance Group of America from $146.00 to $149.00 in a research report on Tuesday, May 9th. Credit Suisse Group raised their target price on shares of Reinsurance Group of America from $144.00 to $152.00 in a research note on Wednesday. Wells Fargo & Company began coverage on shares of Reinsurance Group of America in a research report on Tuesday, April 25th. They issued an “overweight” rating and a $163.00 price target for the company. Citigroup upgraded shares of Reinsurance Group of America from a “sell” rating to a “buy” rating and raised their price objective for the company from $133.00 to $158.00 in a research report on Wednesday, March 15th. Finally, StockNews.com began coverage on Reinsurance Group of America in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $156.60.

Reinsurance Group of America Stock Down 0.0 %

Shares of NYSE RGA traded down $0.03 during mid-day trading on Wednesday, hitting $143.67. 335,206 shares of the stock traded hands, compared to its average volume of 424,525. The company has a market cap of $9.56 billion, a price-to-earnings ratio of 10.37 and a beta of 0.91. The stock has a fifty day moving average price of $139.08 and a 200-day moving average price of $141.51. Reinsurance Group of America has a 52 week low of $109.06 and a 52 week high of $153.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.14 and a current ratio of 0.14.

Reinsurance Group of America (NYSE:RGA – Get Rating) last released its earnings results on Friday, May 5th. The insurance provider reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $1.79. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.23 billion. Reinsurance Group of America had a net margin of 5.66% and a return on equity of 23.94%. During the same period in the prior year, the firm earned $0.47 EPS. Research analysts anticipate that Reinsurance Group of America will post 17.74 EPS for the current year.

Insider Buying and Selling

In other news, CFO Todd C. Larson sold 1,018 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $148.96, for a total transaction of $151,641.28. Following the sale, the chief financial officer now directly owns 44,260 shares in the company, valued at approximately $6,592,969.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Todd C. Larson sold 1,018 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $148.96, for a total transaction of $151,641.28. Following the sale, the chief financial officer now owns 44,260 shares in the company, valued at approximately $6,592,969.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William L. Hutton sold 1,952 shares of Reinsurance Group of America stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $150.03, for a total transaction of $292,858.56. Following the transaction, the executive vice president now directly owns 13,970 shares of the company’s stock, valued at $2,095,919.10. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. U.S. Capital Wealth Advisors LLC acquired a new stake in Reinsurance Group of America in the fourth quarter worth about $27,000. International Assets Investment Management LLC purchased a new stake in Reinsurance Group of America during the 4th quarter worth approximately $35,000. AllSquare Wealth Management LLC acquired a new position in Reinsurance Group of America during the 1st quarter valued at approximately $36,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Reinsurance Group of America in the first quarter worth $36,000. Finally, IFP Advisors Inc lifted its stake in shares of Reinsurance Group of America by 245.6% during the third quarter. IFP Advisors Inc now owns 356 shares of the insurance provider’s stock worth $38,000 after buying an additional 253 shares during the period. Hedge funds and other institutional investors own 96.46% of the company’s stock.

About Reinsurance Group of America

(Get Rating)

Reinsurance Group of America, Inc is a holding company, which engages in the provision of traditional and non-traditional life and health reinsurance products. It operates through the following segments: U.S. and Latin America, Canada, Europe, Middle East, and Africa, Asia Pacific, and Corporate and Other.