Reinsurance Group of America (NYSE:RGA) Upgraded at StockNews.com

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

A number of other equities analysts have also recently weighed in on RGA. Royal Bank of Canada lifted their price target on Reinsurance Group of America from $225.00 to $235.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Raymond James raised their target price on shares of 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. JPMorgan Chase & Co. boosted their price target on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the company a "neutral" rating in a report on Thursday, October 3rd. TD Cowen started coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 9th. They issued a "hold" rating and a $235.00 price objective for the company. Finally, Barclays cut their target price on shares of Reinsurance Group of America from $255.00 to $250.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Reinsurance Group of America currently has an average rating of "Moderate Buy" and an average price target of $226.62.

Reinsurance Group of America Price Performance

RGA stock traded up $0.49 on Thursday, hitting $219.11. 291,227 shares of the company's stock traded hands, compared to its average volume of 356,944. The stock has a market cap of $14.42 billion, a price-to-earnings ratio of 16.99 and a beta of 0.91. Reinsurance Group of America has a 1-year low of $144.74 and a 1-year high of $227.87. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average of $213.92 and a 200-day moving average of $207.17.

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 company had revenue of $4.88 billion for the quarter, compared to analysts' expectations of $5.07 billion. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The firm's revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.40 earnings per share. On average, analysts forecast that Reinsurance Group of America will post 21.72 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction that occurred 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 $2,705,812.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.37% of the company's stock.

Institutional Investors Weigh In On Reinsurance Group of America

Several hedge funds and other institutional investors have recently made changes to their positions in RGA. CWM LLC increased its stake in Reinsurance Group of America by 15.7% during the first quarter. CWM LLC now owns 1,069 shares of the insurance provider's stock valued at $206,000 after acquiring an additional 145 shares during the period. Mather Group LLC. acquired a new position in shares of Reinsurance Group of America in the first quarter valued at $203,000. Rise Advisors LLC bought a new position in Reinsurance Group of America in the first quarter worth $29,000. Wedmont Private Capital boosted its stake in Reinsurance Group of America by 8.1% during the first quarter. Wedmont Private Capital now owns 1,859 shares of the insurance provider's stock worth $352,000 after buying an additional 140 shares in the last quarter. Finally, Paragon Capital Management Ltd bought a new stake in Reinsurance Group of America in the 1st quarter valued at $225,000. 95.11% of the stock is 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.