Reinsurance Group of America (NYSE:RGA) Upgraded at StockNews.com

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

Several other equities research analysts have also commented on RGA. Evercore ISI raised their price target on shares of Reinsurance Group of America from $225.00 to $241.00 and gave the company an “outperform” rating in a research note on Wednesday, June 26th. Royal Bank of Canada raised their price target on Reinsurance Group of America from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Monday, August 5th. UBS Group raised their price objective on shares of Reinsurance Group of America from $223.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Morgan Stanley decreased their price target on Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. raised their target price on Reinsurance Group of America from $208.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $225.17.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock traded down $2.97 on Friday, reaching $215.61. 383,140 shares of the company were exchanged, compared to its average volume of 357,157. Reinsurance Group of America has a 1-year low of $140.39 and a 1-year high of $227.87. The firm has a market cap of $14.19 billion, a price-to-earnings ratio of 16.75 and a beta of 0.91. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.17 and a current ratio of 0.17. The company’s 50-day moving average is $213.34 and its two-hundred day moving average is $204.26.

Reinsurance Group of America (NYSE:RGA) last posted its 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 for the quarter, compared to analysts’ expectations of $5.07 billion. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the business posted $4.40 earnings per share. As a group, research analysts expect that Reinsurance Group of America will post 21.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value of $264,734.73. Following the completion of the sale, the executive vice president now owns 12,357 shares in the company, valued at $2,705,812.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Institutional Trading of Reinsurance Group of America

A number of hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new position in shares of Reinsurance Group of America in the second quarter worth $1,925,000. Maven Securities LTD acquired a new position in Reinsurance Group of America in the 2nd quarter worth about $205,000. Cetera Investment Advisers raised its stake in shares of Reinsurance Group of America by 10.4% during the 2nd quarter. Cetera Investment Advisers now owns 17,763 shares of the insurance provider’s stock worth $3,646,000 after purchasing an additional 1,672 shares in the last quarter. Quarry LP acquired a new stake in shares of Reinsurance Group of America during the 2nd quarter valued at about $151,000. Finally, Creative Planning increased its stake in shares of Reinsurance Group of America by 4.7% during the 2nd quarter. Creative Planning now owns 10,056 shares of the insurance provider’s stock worth $2,064,000 after purchasing an additional 451 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Company Profile

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.