Reinsurance Group of America (NYSE:RGA) Now Covered by Analysts at TD Cowen

Research analysts at TD Cowen initiated coverage on shares of Reinsurance Group of America (NYSE:RGA) in a research report issued on Wednesday, Marketbeat reports. The brokerage set a “hold” rating and a $235.00 price target on the insurance provider’s stock. TD Cowen’s price objective would indicate a potential upside of 10.02% from the company’s current price.

Several other analysts also recently weighed in on RGA. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. Raymond James increased their target price on Reinsurance Group of America from $228.00 to $250.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 24th. Evercore ISI upped their price target on shares of Reinsurance Group of America from $225.00 to $241.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 26th. Jefferies Financial Group increased 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. Finally, Wells Fargo & Company lifted their target price on shares of Reinsurance Group of America from $236.00 to $239.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $226.23.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock opened at $213.59 on Wednesday. Reinsurance Group of America has a 12 month low of $143.89 and a 12 month high of $227.87. The firm has a market capitalization of $14.05 billion, a P/E ratio of 16.60 and a beta of 0.91. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $213.02 and a two-hundred day simple moving average of $206.09.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.94 by $0.54. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $5.07 billion. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. Reinsurance Group of America’s revenue was up 17.4% on a year-over-year basis. During the same period last year, the company posted $4.40 EPS. On average, equities analysts forecast that Reinsurance Group of America will post 21.7 earnings per share for the current fiscal year.

Insider Transactions at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,209 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the sale, the executive vice president now owns 12,357 shares in the company, valued at approximately $2,705,812.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.37% of the company’s stock.

Institutional Trading of Reinsurance Group of America

Several large investors have recently added to or reduced their stakes in the business. Pineridge Advisors LLC purchased a new position in shares of Reinsurance Group of America during the 4th quarter worth $26,000. New Covenant Trust Company N.A. purchased a new position in Reinsurance Group of America during the first quarter valued at $28,000. International Assets Investment Management LLC bought a new stake in Reinsurance Group of America during the second quarter valued at about $28,000. Rise Advisors LLC purchased a new stake in Reinsurance Group of America in the first quarter worth about $29,000. Finally, Family Firm Inc. bought a new position in shares of Reinsurance Group of America in the second quarter worth about $29,000. 95.11% of the stock is currently owned by institutional investors.

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.