Reinsurance Group of America (NYSE:RGA - Get Free Report) had its price target cut by analysts at Keefe, Bruyette & Woods from $275.00 to $250.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 38.66% from the stock's current price.
RGA has been the subject of a number of other research reports. Royal Bank of Canada restated an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. Morgan Stanley lowered their price target 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 note on Friday, February 14th. Piper Sandler lowered their target price on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Finally, UBS Group reissued a "neutral" rating and set a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Reinsurance Group of America presently has an average rating of "Moderate Buy" and an average target price of $230.15.
View Our Latest Research Report on Reinsurance Group of America
Reinsurance Group of America Price Performance
Shares of RGA traded up $2.16 during trading hours on Wednesday, reaching $180.30. 97,554 shares of the company's stock traded hands, compared to its average volume of 406,658. The firm's 50 day simple moving average is $193.93 and its 200-day simple moving average is $210.49. The stock has a market cap of $11.90 billion, a PE ratio of 16.79 and a beta of 0.70. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. Reinsurance Group of America has a 12 month low of $159.25 and a 12 month high of $233.81.
Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. Equities analysts expect that Reinsurance Group of America will post 22.9 EPS for the current year.
Institutional Trading of Reinsurance Group of America
A number of hedge funds have recently modified their holdings of RGA. Colonial Trust Co SC boosted its stake in Reinsurance Group of America by 72.2% during the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock worth $29,000 after acquiring an additional 57 shares in the last quarter. Spire Wealth Management boosted its position in shares of Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after purchasing an additional 57 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Reinsurance Group of America in the 4th quarter worth approximately $44,000. Versant Capital Management Inc increased its position 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 valued at $62,000 after buying an additional 80 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Reinsurance Group of America by 78.2% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 310 shares of the insurance provider's stock worth $61,000 after purchasing an additional 136 shares during the last quarter. Institutional investors own 95.11% of the company's stock.
Reinsurance Group of America Company Profile
(
Get Free Report)
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.
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