Reinsurance Group of America (RGA) Expected to Announce Earnings on Thursday

Reinsurance Group of America (NYSE:RGA) will likely be posting its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect Reinsurance Group of America to post earnings of $5.22 per share and revenue of $5.55 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Reinsurance Group of America Price Performance

Shares of NYSE RGA opened at $226.89 on Wednesday. Reinsurance Group of America has a fifty-two week low of $165.38 and a fifty-two week high of $233.81. The company has a market cap of $14.94 billion, a PE ratio of 20.83 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The business has a 50-day simple moving average of $219.21 and a two-hundred day simple moving average of $217.21.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barclays dropped their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada upped their target price on Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Wells Fargo & Company increased their price objective on Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, TD Cowen assumed coverage on Reinsurance Group of America in a report on Wednesday, October 9th. They set a “hold” rating and a $235.00 target price for the company. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $228.31.

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.