Reinsurance Group of America (NYSE:RGA) Given New $270.00 Price Target at Evercore ISI

Reinsurance Group of America (NYSE:RGA - Get Free Report) had its target price dropped by equities researchers at Evercore ISI from $280.00 to $270.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the insurance provider's stock. Evercore ISI's price objective suggests a potential upside of 40.03% from the company's previous close.

A number of other research firms have also recently weighed in on RGA. Wells Fargo & Company lifted their price objective on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. increased their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Piper Sandler cut their price objective on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Barclays cut their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Reinsurance Group of America has a consensus rating of "Moderate Buy" and a consensus price target of $231.85.

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Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock traded up $1.32 during trading on Thursday, hitting $192.82. 371,596 shares of the company's stock were exchanged, compared to its average volume of 376,550. The business has a 50-day simple moving average of $209.37 and a 200-day simple moving average of $214.78. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 17.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. Reinsurance Group of America has a 52-week low of $178.84 and a 52-week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results 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%. On average, research analysts forecast that Reinsurance Group of America will post 22.9 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Colonial Trust Co SC raised its position in Reinsurance Group of America by 72.2% in the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 57 shares during the period. Private Trust Co. NA raised its holdings in Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock valued at $34,000 after buying an additional 120 shares during the period. Strengthening Families & Communities LLC acquired a new position in Reinsurance Group of America in the third quarter valued at about $36,000. Spire Wealth Management boosted its stake in Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after buying an additional 57 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Reinsurance Group of America during the fourth quarter valued at about $44,000. 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.