Reinsurance Group of America (RGA) Earns Hold Rating from Royal Bank Of Canada

Reinsurance Group of America (NYSE:RGA)‘s stock had its “hold” rating reiterated by stock analysts at Royal Bank Of Canada in a research note issued on Friday. They presently have a $165.00 price objective on the insurance provider’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 2.56% from the stock’s current price.

Several other equities analysts have also commented on RGA. Citigroup set a $171.00 target price on shares of Reinsurance Group of America and gave the company a “buy” rating in a report on Tuesday, November 21st. Goldman Sachs Group began coverage on shares of Reinsurance Group of America in a report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 target price on the stock. Wells Fargo & Company reissued a “hold” rating and issued a $131.00 target price on shares of Reinsurance Group of America in a report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $148.00 price target on shares of Reinsurance Group of America in a research note on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Reinsurance Group of America has a consensus rating of “Hold” and a consensus price target of $141.13.

Reinsurance Group of America (RGA) traded up $1.09 during trading hours on Friday, reaching $160.88. 263,500 shares of the company were exchanged, compared to its average volume of 320,836. Reinsurance Group of America has a 1-year low of $121.93 and a 1-year high of $165.12. The company has a market capitalization of $10,291.12, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 1.60 and a beta of 0.82. 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 released its quarterly earnings results on Thursday, October 26th. The insurance provider reported $3.44 EPS 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 business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the firm earned $2.46 earnings per share. Reinsurance Group of America’s revenue for the quarter was up 8.4% compared to the same quarter last year. analysts anticipate that Reinsurance Group of America will post 11.07 EPS for the current fiscal year.

In other Reinsurance Group of America news, Director Christine Rose Detrick sold 659 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 4,023 shares in the company, valued at approximately $601,438.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $149.96, for a total transaction of $149,960.00. Following the transaction, the executive vice president now owns 27,277 shares of the company’s stock, valued at approximately $4,090,458.92. The disclosure for this sale can be found here. 1.47% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. IHT Wealth Management LLC increased its stake in shares of Reinsurance Group of America by 225.8% in the 2nd quarter. IHT Wealth Management LLC now owns 202 shares of the insurance provider’s stock valued at $309,000 after acquiring an additional 140 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Reinsurance Group of America by 11.7% in 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 in the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at $113,000. Acrospire Investment Management LLC increased its stake in shares of Reinsurance Group of America by 66.7% in 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 in the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of Reinsurance Group of America by 27.3% in 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 in the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

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Reinsurance Group of America Company Profile

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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