Reinsurance Group of America (NYSE:RGA) Given New $250.00 Price Target at Barclays

Reinsurance Group of America (NYSE:RGA - Get Free Report) had its price target decreased by stock analysts at Barclays from $255.00 to $250.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an "overweight" rating on the insurance provider's stock. Barclays's price target would indicate a potential upside of 17.05% from the stock's current price.

Several other equities research analysts also recently issued reports on RGA. Piper Sandler increased their price objective on shares of Reinsurance Group of America from $237.00 to $242.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Citigroup upped their target price on Reinsurance Group of America from $194.00 to $252.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. StockNews.com upgraded shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a research note on Friday, September 27th. Morgan Stanley lowered their price target 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the stock a "neutral" rating in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Reinsurance Group of America presently has a consensus rating of "Buy" and a consensus target price of $225.50.

Reinsurance Group of America Trading Up 1.0 %

Shares of RGA stock traded up $2.13 during mid-day trading on Tuesday, hitting $213.59. 291,517 shares of the company's stock were exchanged, compared to its average volume of 358,665. The stock has a market cap of $14.05 billion, a price-to-earnings ratio of 16.62 and a beta of 0.91. The stock has a 50-day simple moving average of $213.02 and a two-hundred day simple moving average of $206.09. Reinsurance Group of America has a fifty-two week low of $143.89 and a fifty-two week 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.

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 for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $5.07 billion. During the same period last year, the company posted $4.40 EPS. The business's quarterly revenue was up 17.4% on a year-over-year basis. Equities analysts expect that Reinsurance Group of America will post 21.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the sale, the executive vice president now directly owns 12,357 shares of the company's stock, valued at approximately $2,705,812.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Reinsurance Group of America

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atomi Financial Group Inc. acquired a new stake in shares of Reinsurance Group of America in the 3rd quarter worth about $235,000. Insight Wealth Strategies LLC acquired a new position in Reinsurance Group of America during the 3rd quarter worth $3,548,000. GAMMA Investing LLC boosted its position in Reinsurance Group of America by 8.9% during the 3rd quarter. GAMMA Investing LLC now owns 609 shares of the insurance provider's stock worth $133,000 after acquiring an additional 50 shares during the period. Park Avenue Securities LLC grew its stake in shares of Reinsurance Group of America by 9.3% in the third quarter. Park Avenue Securities LLC now owns 12,985 shares of the insurance provider's stock worth $2,829,000 after purchasing an additional 1,101 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Reinsurance Group of America during the second quarter valued at $1,925,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

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.