Reinsurance Group of America (NYSE:RGA) Downgraded to "Hold" at StockNews.com

Reinsurance Group of America (NYSE:RGA - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Wednesday.

Several other equities analysts have also commented on the stock. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, October 3rd. Barclays reduced their price objective on shares of Reinsurance Group of America from $255.00 to $250.00 and set an "overweight" rating for the company in a research note on Tuesday. Piper Sandler upped their price objective on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Royal Bank of Canada increased their price target on shares of Reinsurance Group of America from $225.00 to $235.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. Finally, Raymond James increased their price objective on Reinsurance Group of America from $228.00 to $250.00 and gave the stock a "strong-buy" rating in a report on Tuesday, September 24th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Reinsurance Group of America has an average rating of "Moderate Buy" and an average target price of $226.23.

Reinsurance Group of America Stock Up 1.3 %

Shares of NYSE RGA traded up $2.85 during trading on Wednesday, reaching $216.48. 282,700 shares of the stock were exchanged, compared to its average volume of 358,275. The business's 50-day moving average price is $212.77 and its 200 day moving average price is $206.26. Reinsurance Group of America has a twelve month low of $143.96 and a twelve month high of $227.87. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 16.82 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.94 by $0.54. The firm had revenue of $4.88 billion for the quarter, compared to analysts' expectations of $5.07 billion. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The firm's quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the company posted $4.40 earnings per share. As a group, equities analysts forecast that Reinsurance Group of America will post 21.7 EPS for the current fiscal year.

Insider Buying and Selling at Reinsurance Group of America

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

Institutional Investors Weigh In On Reinsurance Group of America

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pineridge Advisors LLC acquired a new position in shares of Reinsurance Group of America during the 4th quarter worth approximately $26,000. New Covenant Trust Company N.A. acquired a new position in Reinsurance Group of America in the 1st quarter valued at $28,000. International Assets Investment Management LLC acquired a new stake in shares of Reinsurance Group of America during the 2nd quarter worth $28,000. Rise Advisors LLC acquired a new stake in shares of Reinsurance Group of America during the 1st quarter worth $29,000. Finally, Family Firm Inc. acquired a new stake in shares of Reinsurance Group of America during the 2nd quarter worth $29,000. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.