Reinsurance Group of America (NYSE:RGA) PT Raised to $152.00

Reinsurance Group of America (NYSE:RGA – Get Rating) had its target price hoisted by investment analysts at Credit Suisse Group from $144.00 to $152.00 in a report issued on Wednesday, The Fly reports. Credit Suisse Group’s price target indicates a potential upside of 5.78% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Wells Fargo & Company assumed 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 objective for the company. StockNews.com started coverage on Reinsurance Group of America in a report on Thursday, May 18th. They set a “buy” rating on the stock. Royal Bank of Canada dropped their target price on Reinsurance Group of America from $170.00 to $164.00 and set an “outperform” rating for the company in a research note on Thursday, April 20th. Citigroup raised Reinsurance Group of America from a “sell” rating to a “buy” rating and raised their price target for the stock from $133.00 to $158.00 in a research note on Wednesday, March 15th. Finally, Barclays raised their price target on Reinsurance Group of America from $146.00 to $149.00 in a research note on Tuesday, May 9th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.60.

Reinsurance Group of America Stock Performance

RGA opened at $143.70 on Wednesday. The stock has a market cap of $9.56 billion, a P/E ratio of 10.38 and a beta of 0.91. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.14 and a quick ratio of 0.14. The stock’s 50 day simple moving average is $139.08 and its 200 day simple moving average is $141.51. Reinsurance Group of America has a 1-year low of $109.06 and a 1-year high of $153.35.

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

Insiders Place Their Bets

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

Hedge Funds Weigh In On Reinsurance Group of America

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James & Associates raised its stake in shares of Reinsurance Group of America by 18.7% in the 4th quarter. Raymond James & Associates now owns 165,766 shares of the insurance provider’s stock valued at $23,554,000 after purchasing an additional 26,133 shares in the last quarter. Liberty One Investment Management LLC acquired a new position in shares of Reinsurance Group of America in the 3rd quarter valued at about $886,000. Alpha Cubed Investments LLC boosted its holdings in shares of Reinsurance Group of America by 5.8% in the 4th quarter. Alpha Cubed Investments LLC now owns 63,673 shares of the insurance provider’s stock valued at $9,047,000 after buying an additional 3,512 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Reinsurance Group of America in the 4th quarter valued at about $35,000. Finally, Belpointe Asset Management LLC boosted its holdings in shares of Reinsurance Group of America by 267.3% in the 4th quarter. Belpointe Asset Management LLC now owns 3,589 shares of the insurance provider’s stock valued at $510,000 after buying an additional 2,612 shares during the period. 96.46% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Company Profile

(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.