Reinsurance Group of America, Incorporated (NYSE:RGA) Receives $226.62 Average PT from Brokerages

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) have been assigned an average rating of "Moderate Buy" from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $226.62.

A number of equities research analysts have commented on RGA shares. StockNews.com raised Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. Citigroup boosted their price objective on shares of Reinsurance Group of America from $194.00 to $252.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Morgan Stanley dropped their target price on shares of Reinsurance Group of America from $238.00 to $236.00 and set an "equal weight" rating for the company in a report on Monday, August 19th. TD Cowen started coverage on Reinsurance Group of America in a research note on Wednesday, October 9th. They set a "hold" rating and a $235.00 price target on the stock. Finally, Royal Bank of Canada raised their price objective on Reinsurance Group of America from $225.00 to $235.00 and gave the company an "outperform" rating in a research note on Monday, August 5th.

Reinsurance Group of America Stock Performance

NYSE:RGA traded down $3.84 during mid-day trading on Thursday, reaching $211.08. The stock had a trading volume of 426,147 shares, compared to its average volume of 354,158. Reinsurance Group of America has a twelve month low of $146.16 and a twelve month high of $227.87. The business has a 50 day simple moving average of $215.63 and a 200 day simple moving average of $208.77. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 16.73 and a beta of 0.91. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.17 and a current ratio of 0.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.94 by $0.54. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the prior year, the business posted $4.40 EPS. The company's revenue for the quarter was up 17.4% on a year-over-year basis. On average, analysts expect that Reinsurance Group of America will post 21.8 earnings per share for the current fiscal year.

Insider Transactions at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of the firm's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total value of $264,734.73. Following the transaction, the executive vice president now owns 12,357 shares of the company's stock, valued at approximately $2,705,812.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.37% of the company's stock.

Institutional Investors Weigh In On Reinsurance Group of America

A number of large investors have recently modified their holdings of RGA. Armstrong Advisory Group Inc. bought a new stake in Reinsurance Group of America in the third quarter valued at $25,000. New Covenant Trust Company N.A. bought a new position in Reinsurance Group of America in the 1st quarter worth approximately $28,000. International Assets Investment Management LLC acquired a new stake in Reinsurance Group of America in the 2nd quarter valued at approximately $28,000. Family Firm Inc. acquired a new position in Reinsurance Group of America during the 2nd quarter worth $29,000. Finally, LRI Investments LLC acquired a new position in shares of Reinsurance Group of America during the first quarter valued at $33,000. Institutional investors and hedge funds own 95.11% of the company's stock.

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.