Reinsurance Group of America (NYSE:RGA) PT Raised to $235.00

Reinsurance Group of America (NYSE:RGA) had its target price boosted by stock analysts at Keefe, Bruyette & Woods from $220.00 to $235.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 14.95% from the stock’s previous close.

RGA has been the subject of several other reports. JPMorgan Chase & Co. boosted their target price on shares of Reinsurance Group of America from $189.00 to $195.00 and gave the stock a “neutral” rating in a research report on Friday. UBS Group upped their target price on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $212.00 target price on shares of Reinsurance Group of America in a research note on Friday, April 12th. Evercore ISI upped their target price on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Finally, Morgan Stanley upped their target price on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average price target of $196.00.

Reinsurance Group of America Stock Up 1.8 %

Shares of RGA stock traded up $3.52 on Tuesday, hitting $204.44. The stock had a trading volume of 124,998 shares, compared to its average volume of 356,927. The firm has a market capitalization of $13.45 billion, a price-to-earnings ratio of 15.81 and a beta of 0.88. The stock’s 50 day moving average is $187.17 and its 200-day moving average is $171.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.19. Reinsurance Group of America has a 52-week low of $135.07 and a 52-week high of $205.59.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Friday, May 3rd. The insurance provider reported $6.02 EPS for the quarter, beating the consensus estimate of $4.55 by $1.47. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. The firm had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same quarter last year, the company earned $5.16 EPS. As a group, research analysts expect that Reinsurance Group of America will post 19.41 earnings per share for the current year.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,588 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $171.83, for a total transaction of $272,866.04. Following the transaction, the executive vice president now directly owns 13,625 shares in the company, valued at approximately $2,341,183.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,588 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total transaction of $272,866.04. Following the sale, the executive vice president now directly owns 13,625 shares in the company, valued at approximately $2,341,183.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Todd C. Larson sold 2,966 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total transaction of $542,422.08. Following the transaction, the chief financial officer now directly owns 49,549 shares of the company’s stock, valued at $9,061,521.12. The disclosure for this sale can be found here. Insiders have sold a total of 6,462 shares of company stock valued at $1,162,239 in the last 90 days. 1.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Reinsurance Group of America

Hedge funds have recently made changes to their positions in the business. Lindbrook Capital LLC lifted its holdings in Reinsurance Group of America by 129.9% during the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 87 shares during the last quarter. Pineridge Advisors LLC acquired a new stake in Reinsurance Group of America during the 4th quarter valued at $26,000. Rise Advisors LLC acquired a new stake in Reinsurance Group of America during the 1st quarter valued at $29,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Reinsurance Group of America by 116.3% during the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after buying an additional 114 shares in the last quarter. Finally, Toth Financial Advisory Corp lifted its holdings in shares of Reinsurance Group of America by 41.2% during the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock worth $39,000 after buying an additional 70 shares in the last quarter. 95.11% of the stock is owned by institutional investors.

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.