Reinsurance Group of America, Incorporated (NYSE:RGA) has been given a $171.00 price target by equities researchers at Citigroup Inc. in a report released on Tuesday. The firm presently has a “buy” rating on the insurance provider’s stock. Citigroup Inc.’s price objective would suggest a potential upside of 13.58% from the stock’s previous close.

A number of other research firms have also commented on RGA. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $148.00 price target on shares of Reinsurance Group of America, in a report on Friday, November 10th. Royal Bank Of Canada raised their price target on Reinsurance Group of America, and gave the stock a “market perform” rating in a report on Monday, October 30th. Wells Fargo & Company reaffirmed a “hold” rating and issued a $131.00 price target on shares of Reinsurance Group of America, in a report on Thursday, October 26th. Goldman Sachs Group, Inc. (The) started coverage on Reinsurance Group of America, in a report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price target for the company. Finally, Zacks Investment Research raised Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a report on Tuesday, August 1st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Reinsurance Group of America, presently has an average rating of “Hold” and a consensus price target of $138.63.

Reinsurance Group of America, (RGA) opened at $150.56 on Tuesday. Reinsurance Group of America, has a twelve month low of $120.31 and a twelve month high of $152.19. The firm has a market capitalization of $9,684.44, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.51 and a beta of 0.80. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.34.

Reinsurance Group of America, (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $3.44 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.82. Reinsurance Group of America, had a return on equity of 9.32% and a net margin of 6.44%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the company earned $2.46 earnings per share. Reinsurance Group of America,’s revenue was up 8.4% compared to the same quarter last year. equities research analysts predict that Reinsurance Group of America, will post 11.07 EPS for the current year.

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In related news, Director Christine Rose Detrick sold 659 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total value of $98,520.50. Following the sale, the director now owns 4,023 shares in the company, valued at $601,438.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $149.96, for a total value of $149,960.00. Following the completion of the sale, the executive vice president now owns 27,277 shares in the company, valued at approximately $4,090,458.92. The disclosure for this sale can be found here. Company insiders own 1.76% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. IHT Wealth Management LLC raised its position in shares of Reinsurance Group of America, by 225.8% in the second quarter. IHT Wealth Management LLC now owns 202 shares of the insurance provider’s stock worth $309,000 after buying an additional 140 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Reinsurance Group of America, by 11.7% in the second quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock worth $101,000 after buying an additional 83 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of Reinsurance Group of America, in the third quarter worth $113,000. Acrospire Investment Management LLC raised its position in Reinsurance Group of America, by 66.7% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock valued at $128,000 after purchasing an additional 400 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in Reinsurance Group of America, by 27.3% during the second quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock valued at $148,000 after purchasing an additional 248 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

About Reinsurance Group of America,

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

Analyst Recommendations for Reinsurance Group of America, (NYSE:RGA)

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