Analysts’ Weekly Ratings Changes for Reinsurance Group of America (RGA)

Several brokerages have updated their recommendations and price targets on shares of Reinsurance Group of America (NYSE: RGA) in the last few weeks:

• 4/15/2024 – Reinsurance Group of America had its price target raised by analysts at Morgan Stanley from $178.00 to $185.00. They now have an “equal weight” rating on the stock.
• 4/12/2024 – Reinsurance Group of America had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $212.00 price target on the stock.
• 4/11/2024 – Reinsurance Group of America had its price target raised by analysts at Wells Fargo & Company from $193.00 to $210.00. They now have an “overweight” rating on the stock.
• 4/11/2024 – Reinsurance Group of America had its price target raised by analysts at Evercore ISI from $200.00 to $215.00. They now have an “outperform” rating on the stock.
• 4/10/2024 – Reinsurance Group of America had its price target raised by analysts at Keefe, Bruyette & Woods from $200.00 to $220.00. They now have an “outperform” rating on the stock.
• 4/10/2024 – Reinsurance Group of America had its price target raised by analysts at UBS Group AG from $198.00 to $223.00. They now have a “buy” rating on the stock.
• 4/5/2024 – Reinsurance Group of America had its price target raised by analysts at Piper Sandler from $195.00 to $220.00. They now have an “overweight” rating on the stock.
• 4/2/2024 – Reinsurance Group of America had its price target raised by analysts at JPMorgan Chase & Co. from $170.00 to $189.00. They now have a “neutral” rating on the stock.
• 3/26/2024 – Reinsurance Group of America had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $200.00 price target on the stock.

Reinsurance Group of America Price Performance

Shares of NYSE RGA traded up $1.34 during trading on Thursday, hitting $192.26. 164,538 shares of the company were exchanged, compared to its average volume of 346,326. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.17 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 1 year low of $133.13 and a 1 year high of $196.25. The company has a market cap of $12.65 billion, a price-to-earnings ratio of 14.32 and a beta of 0.88. The firm’s fifty day moving average price is $185.65 and its 200 day moving average price is $170.32.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.40 by $0.33. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the previous year, the firm earned $2.99 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. On average, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 19.41 earnings per share for the current fiscal year.

Insider Activity

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the completion of the sale, the executive vice president now owns 13,363 shares in the company, valued at approximately $2,429,927.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,588 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total value of $272,866.04. Following the sale, the executive vice president now owns 13,625 shares in the company, valued at $2,341,183.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William L. Hutton sold 1,908 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total value of $346,950.72. Following the transaction, the executive vice president now directly owns 13,363 shares in the company, valued at $2,429,927.92. The disclosure for this sale can be found here. In the last three months, insiders sold 6,462 shares of company stock worth $1,162,239. Company insiders own 1.37% of the company’s stock.

Institutional Trading of Reinsurance Group of America

Several institutional investors and hedge funds have recently added to or reduced their stakes in RGA. Tectonic Advisors LLC acquired a new stake in shares of Reinsurance Group of America in the third quarter worth about $275,000. FinTrust Capital Advisors LLC increased its stake in shares of Reinsurance Group of America by 69.4% in the third quarter. FinTrust Capital Advisors LLC now owns 754 shares of the insurance provider’s stock valued at $109,000 after buying an additional 309 shares in the last quarter. Raymond James & Associates increased its position in Reinsurance Group of America by 1.3% in the 3rd quarter. Raymond James & Associates now owns 216,578 shares of the insurance provider’s stock valued at $31,445,000 after acquiring an additional 2,825 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Reinsurance Group of America by 54.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 6,418 shares of the insurance provider’s stock worth $932,000 after purchasing an additional 2,267 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Reinsurance Group of America by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 918,023 shares of the insurance provider’s stock worth $133,288,000 after purchasing an additional 13,229 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

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.