Reinsurance Group of America (NYSE:RGA) Raised to Buy at StockNews.com

Reinsurance Group of America (NYSE:RGA) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

A number of other brokerages have also recently weighed in on RGA. JPMorgan Chase & Co. upped their price target on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Jefferies Financial Group upped their price objective on shares of Reinsurance Group of America from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. TD Cowen assumed coverage on shares of Reinsurance Group of America in a research report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price objective for the company. Keefe, Bruyette & Woods raised shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Citigroup upped their price objective on shares of Reinsurance Group of America from $194.00 to $252.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $226.62.

Reinsurance Group of America Stock Up 0.9 %

Shares of Reinsurance Group of America stock opened at $218.62 on Thursday. The company has a fifty day moving average price of $213.92 and a 200 day moving average price of $207.17. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52. Reinsurance Group of America has a twelve month low of $144.74 and a twelve month high of $227.87. The stock has a market cap of $14.38 billion, a price-to-earnings ratio of 16.99 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.54. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the prior year, the company earned $4.40 EPS. The firm’s revenue was up 17.4% on a year-over-year basis. Equities research analysts forecast that Reinsurance Group of America will post 21.72 earnings per share for the current fiscal year.

Insider Transactions at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the transaction, the executive vice president now owns 12,357 shares of the company’s stock, valued at approximately $2,705,812.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Reinsurance Group of America

Several institutional investors and hedge funds have recently bought and sold shares of RGA. CWM LLC raised its stake in Reinsurance Group of America by 15.7% during the first quarter. CWM LLC now owns 1,069 shares of the insurance provider’s stock worth $206,000 after acquiring an additional 145 shares during the period. Mather Group LLC. acquired a new stake in Reinsurance Group of America during the first quarter worth about $203,000. Rise Advisors LLC acquired a new stake in Reinsurance Group of America during the first quarter worth about $29,000. Wedmont Private Capital raised its stake in Reinsurance Group of America by 8.1% during the first quarter. Wedmont Private Capital now owns 1,859 shares of the insurance provider’s stock worth $352,000 after acquiring an additional 140 shares during the period. Finally, Paragon Capital Management Ltd acquired a new stake in Reinsurance Group of America during the first quarter worth about $225,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

About Reinsurance Group of America

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.