JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Reinsurance Group of America (NYSE:RGA) Stock

Reinsurance Group of America (NYSE:RGA) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $264.00 to $270.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the insurance provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 28.40% from the company’s previous close.

A number of other research analysts have also recently weighed in on RGA. UBS Group lifted their target price on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. TD Cowen restated a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Morgan Stanley lifted their target price on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Barclays lifted their target price on shares of Reinsurance Group of America from $245.00 to $256.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Finally, Piper Sandler restated an “overweight” rating and set a $263.00 target price on shares of Reinsurance Group of America in a research note on Friday, February 6th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Reinsurance Group of America has an average rating of “Moderate Buy” and a consensus price target of $249.29.

Reinsurance Group of America Trading Down 1.2%

NYSE:RGA opened at $210.27 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market capitalization of $13.78 billion, a price-to-earnings ratio of 11.39 and a beta of 0.50. Reinsurance Group of America has a one year low of $165.52 and a one year high of $229.21. The business has a fifty day moving average price of $207.78 and a 200-day moving average price of $202.17.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, topping the consensus estimate of $6.03 by $0.94. The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.47 billion. Reinsurance Group of America had a return on equity of 13.28% and a net margin of 4.92%.Reinsurance Group of America’s revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the business posted $5.66 EPS. Sell-side analysts forecast that Reinsurance Group of America will post 26.27 EPS for the current year.

Institutional Trading of Reinsurance Group of America

Hedge funds have recently bought and sold shares of the stock. Millstone Evans Group LLC lifted its stake in Reinsurance Group of America by 82.4% in the 3rd quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Activest Wealth Management purchased a new stake in Reinsurance Group of America in the 4th quarter worth $30,000. Tobam lifted its stake in Reinsurance Group of America by 244.7% in the 4th quarter. Tobam now owns 162 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 115 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Reinsurance Group of America in the 3rd quarter worth $33,000. Finally, International Assets Investment Management LLC purchased a new stake in Reinsurance Group of America in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America News Roundup

Here are the key news stories impacting Reinsurance Group of America this week:

• Positive Sentiment: RGA delivered a Q1 earnings and revenue beat, driven by higher investment income, premium gains, and Financial Solutions growth, which is likely encouraging investors. RGA Q1 Earnings & Revenues Top Estimates on Higher Investment Income
• Positive Sentiment: JPMorgan raised its price target on RGA to $270 and kept an overweight rating, signaling confidence in further upside. Price target raised by JPMorgan Chase & Co.
• Positive Sentiment: RGA also announced a quarterly dividend of $0.93 per share, reinforcing its shareholder return profile.
• Neutral Sentiment: Several recap and comparison articles reiterated the same strong quarterly results, but did not add new material information for investors.

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.