Wells Fargo & Co reissued their market perform rating on shares of Reinsurance Group of America (NYSE:RGA) in a research report report published on Tuesday morning, The Fly reports. Wells Fargo & Co currently has a $160.00 target price on the insurance provider’s stock, up from their prior target price of $150.00.

RGA has been the subject of a number of other reports. Royal Bank of Canada restated a hold rating and issued a $165.00 price objective on shares of Reinsurance Group of America in a report on Friday, December 8th. Zacks Investment Research upgraded shares of Reinsurance Group of America from a hold rating to a buy rating and set a $174.00 price objective for the company in a report on Thursday, January 4th. Keefe, Bruyette & Woods restated a hold rating and issued a $148.00 price objective on shares of Reinsurance Group of America in a report on Friday, November 10th. Citigroup set a $171.00 price objective on shares of Reinsurance Group of America and gave the stock a buy rating in a report on Tuesday, November 21st. Finally, Goldman Sachs Group started coverage on shares of Reinsurance Group of America in a report on Wednesday, October 18th. They issued a buy rating and a $153.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $146.88.

Shares of Reinsurance Group of America (RGA) traded up $1.97 during midday trading on Tuesday, reaching $161.89. 335,484 shares of the company were exchanged, compared to its average volume of 248,157. Reinsurance Group of America has a 52 week low of $121.93 and a 52 week high of $165.12. The stock has a market cap of $10,300.00, a price-to-earnings ratio of 13.34, a P/E/G ratio of 1.55 and a beta of 0.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.11 and a current ratio of 0.11.

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, topping analysts’ consensus estimates of $2.62 by $0.82. Reinsurance Group of America had a net margin of 6.44% and a return on equity of 9.32%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the business earned $2.46 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. equities research analysts predict that Reinsurance Group of America will post 11.07 earnings per share for the current year.

In other Reinsurance Group of America news, Director Christine Rose Detrick sold 659 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $149.50, for a total transaction of $98,520.50. Following the completion of the sale, the director now directly owns 4,023 shares in the company, valued at approximately $601,438.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John P. Laughlin, Jr. sold 500 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $155.60, for a total transaction of $77,800.00. Following the sale, the executive vice president now owns 26,777 shares of the company’s stock, valued at $4,166,501.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,159 shares of company stock valued at $326,281. Company insiders own 1.76% of the company’s stock.

Several hedge funds have recently modified their holdings of RGA. Toronto Dominion Bank grew its position in shares of Reinsurance Group of America by 11.7% during the 2nd quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock valued at $101,000 after acquiring an additional 83 shares during the period. Fieldpoint Private Securities LLC bought a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at $113,000. Acrospire Investment Management LLC grew its position in shares of Reinsurance Group of America by 66.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock valued at $128,000 after acquiring an additional 400 shares during the period. D.A. Davidson & CO. grew its position in shares of Reinsurance Group of America by 27.3% during the 2nd quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock valued at $148,000 after acquiring an additional 248 shares during the period. Finally, Pacad Investment Ltd. bought a new stake in shares of Reinsurance Group of America during the 2nd quarter valued at $167,000. 91.49% of the stock is owned by hedge funds and other institutional investors.

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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.

The Fly

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

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