Reinsurance Group of America (NYSE:RGA) PT Raised to $217.00 at Morgan Stanley

Reinsurance Group of America (NYSE:RGA) had its price objective upped by equities research analysts at Morgan Stanley from $216.00 to $217.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 2.47% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods increased their price target on shares of Reinsurance Group of America from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. raised their target price on shares of Reinsurance Group of America from $195.00 to $208.00 and gave the company a “neutral” rating in a research note on Tuesday, July 2nd. Jefferies Financial Group raised their target price on shares of Reinsurance Group of America from $240.00 to $247.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Wells Fargo & Company raised their target price on shares of Reinsurance Group of America from $210.00 to $227.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $225.00 target price on shares of Reinsurance Group of America in a research note on Friday, June 14th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $207.45.

Reinsurance Group of America Stock Performance

NYSE:RGA opened at $211.77 on Wednesday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.46. The company has a market cap of $13.93 billion, a P/E ratio of 16.45 and a beta of 0.92. Reinsurance Group of America has a fifty-two week low of $135.07 and a fifty-two week high of $213.21. The firm’s 50 day moving average is $206.62 and its two-hundred day moving average is $187.52.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Friday, May 3rd. The insurance provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $4.55 by $1.47. The company had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $4.54 billion. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. During the same quarter last year, the firm posted $5.16 earnings per share. Analysts expect that Reinsurance Group of America will post 20.94 EPS for the current year.

Insider Activity at Reinsurance Group of America

In related news, EVP John W. Hayden sold 1,767 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $206.85, for a total transaction of $365,503.95. Following the completion of the sale, the executive vice president now directly owns 16,490 shares of the company’s stock, valued at approximately $3,410,956.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd grew its holdings in Reinsurance Group of America by 20.3% during the 1st quarter. Covestor Ltd now owns 374 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 63 shares in the last quarter. Toth Financial Advisory Corp boosted its holdings in shares of Reinsurance Group of America by 41.2% in the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after buying an additional 70 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Reinsurance Group of America by 16.5% in the 2nd quarter. GAMMA Investing LLC now owns 559 shares of the insurance provider’s stock valued at $115,000 after buying an additional 79 shares during the period. Tectonic Advisors LLC boosted its holdings in shares of Reinsurance Group of America by 4.3% in the 4th quarter. Tectonic Advisors LLC now owns 1,979 shares of the insurance provider’s stock valued at $320,000 after buying an additional 82 shares during the period. Finally, Hilltop National Bank boosted its holdings in shares of Reinsurance Group of America by 13.1% in the 2nd quarter. Hilltop National Bank now owns 706 shares of the insurance provider’s stock valued at $145,000 after buying an additional 82 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

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.