Morgan Stanley Boosts Reinsurance Group of America (NYSE:RGA) Price Target to $144.00

Reinsurance Group of America (NYSE:RGA) had its target price increased by Morgan Stanley from $142.00 to $144.00 in a research note issued to investors on Wednesday morning, Stock Target Advisor reports. They currently have an underweight rating on the insurance provider’s stock.

A number of other brokerages also recently weighed in on RGA. ValuEngine upgraded Zynerba Pharmaceuticals from a hold rating to a buy rating in a research note on Friday, May 17th. UBS Group boosted their target price on Verisk Analytics from $106.00 to $111.00 and gave the stock a sell rating in a research note on Tuesday, April 9th. Finally, Zacks Investment Research upgraded IMI PLC/S from a sell rating to a hold rating in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Reinsurance Group of America presently has a consensus rating of Hold and a consensus target price of $143.83.

Shares of NYSE RGA opened at $159.80 on Wednesday. Reinsurance Group of America has a twelve month low of $127.84 and a twelve month high of $160.06. The business has a 50 day simple moving average of $153.07. The stock has a market cap of $9.88 billion, a P/E ratio of 11.97 and a beta of 0.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12.



Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Monday, April 29th. The insurance provider reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates of $2.63 by ($0.02). Reinsurance Group of America had a return on equity of 9.64% and a net margin of 5.98%. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter in the previous year, the firm earned $1.61 EPS. Reinsurance Group of America’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts expect that Reinsurance Group of America will post 13.12 earnings per share for the current fiscal year.

In related news, EVP John P. Laughlin, Jr. sold 3,000 shares of Reinsurance Group of America stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $156.81, for a total value of $470,430.00. Following the sale, the executive vice president now owns 35,097 shares of the company’s stock, valued at approximately $5,503,560.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alain Neemeh sold 3,668 shares of Reinsurance Group of America stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $148.00, for a total transaction of $542,864.00. Following the completion of the sale, the executive vice president now directly owns 37,492 shares in the company, valued at approximately $5,548,816. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

Several large investors have recently bought and sold shares of RGA. Norges Bank bought a new stake in shares of Reinsurance Group of America in the 4th quarter worth approximately $78,120,000. BlackRock Inc. raised its holdings in shares of Reinsurance Group of America by 2.1% in the 1st quarter. BlackRock Inc. now owns 6,081,678 shares of the insurance provider’s stock worth $863,478,000 after purchasing an additional 125,888 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Reinsurance Group of America by 499.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 115,981 shares of the insurance provider’s stock worth $16,467,000 after purchasing an additional 96,638 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Reinsurance Group of America by 68.6% in the 1st quarter. Acadian Asset Management LLC now owns 204,239 shares of the insurance provider’s stock worth $29,000,000 after purchasing an additional 83,104 shares during the period. Finally, Hancock Whitney Corp raised its holdings in shares of Reinsurance Group of America by 364.1% in the 4th quarter. Hancock Whitney Corp now owns 83,564 shares of the insurance provider’s stock worth $11,719,000 after purchasing an additional 65,560 shares during the period. 91.95% of the stock is currently owned by institutional investors.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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Analyst Recommendations for Reinsurance Group of America (NYSE:RGA)

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