Brokerages Set Reinsurance Group of America, Incorporated (NYSE:RGA) PT at $238.67

Reinsurance Group of America, Incorporated (NYSE:RGA) has received a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $238.6667.

A number of analysts have weighed in on the company. Wells Fargo & Company upped their price target on Reinsurance Group of America from $237.00 to $238.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Keefe, Bruyette & Woods cut their price target on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Raymond James Financial cut shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday, October 17th. Finally, Morgan Stanley set a $208.00 price objective on shares of Reinsurance Group of America in a report on Monday, December 15th.

Institutional Trading of Reinsurance Group of America

Large investors have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd raised its position in shares of Reinsurance Group of America by 94.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 18,504 shares of the insurance provider’s stock valued at $3,555,000 after acquiring an additional 8,971 shares during the period. Sequoia Financial Advisors LLC acquired a new position in Reinsurance Group of America during the second quarter valued at approximately $388,000. First Citizens Bank & Trust Co. increased its stake in Reinsurance Group of America by 276.8% in the second quarter. First Citizens Bank & Trust Co. now owns 6,146 shares of the insurance provider’s stock valued at $1,219,000 after purchasing an additional 4,515 shares in the last quarter. Algebris UK Ltd. acquired a new stake in Reinsurance Group of America in the third quarter worth $10,750,000. Finally, Zions Bancorporation National Association UT boosted its position in shares of Reinsurance Group of America by 97.2% during the second quarter. Zions Bancorporation National Association UT now owns 8,177 shares of the insurance provider’s stock worth $1,622,000 after purchasing an additional 4,031 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

NYSE:RGA opened at $202.63 on Friday. The firm has a market capitalization of $13.31 billion, a PE ratio of 15.59 and a beta of 0.55. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.44. Reinsurance Group of America has a 12-month low of $159.25 and a 12-month high of $231.96. The firm has a 50-day moving average price of $198.67 and a 200 day moving average price of $193.21.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.57. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The company had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the prior year, the company posted $6.13 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. Research analysts anticipate that Reinsurance Group of America will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.