Reinsurance Group of America Inc (NYSE:RGA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Reinsurance Group of America Inc (NYSE:RGA) have earned an average rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $161.80.

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their price objective on Reinsurance Group of America from $156.00 to $154.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. ValuEngine raised shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Evercore ISI lowered Reinsurance Group of America from an “in-line” rating to an “underperform” rating in a research report on Tuesday, January 7th. Finally, Zacks Investment Research raised Reinsurance Group of America from a “sell” rating to a “hold” rating and set a $160.00 price target on the stock in a research report on Friday, October 11th.

In related news, EVP John P. Laughlin, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $167.60, for a total transaction of $335,200.00. Following the sale, the executive vice president now directly owns 34,097 shares in the company, valued at $5,714,657.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anna Manning sold 3,835 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $163.31, for a total transaction of $626,293.85. Insiders have sold 9,744 shares of company stock worth $1,606,434 over the last 90 days. Insiders own 0.78% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Usca Ria LLC acquired a new stake in shares of Reinsurance Group of America during the third quarter worth about $28,000. Evoke Wealth LLC purchased a new position in Reinsurance Group of America in the 3rd quarter valued at about $43,000. Valeo Financial Advisors LLC boosted its position in Reinsurance Group of America by 50.0% in the 3rd quarter. Valeo Financial Advisors LLC now owns 300 shares of the insurance provider’s stock valued at $48,000 after buying an additional 100 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Reinsurance Group of America by 132.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 372 shares of the insurance provider’s stock valued at $56,000 after buying an additional 212 shares during the last quarter. Finally, National Pension Service purchased a new position in Reinsurance Group of America in the 2nd quarter valued at about $93,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Shares of NYSE:RGA traded up $1.91 during midday trading on Thursday, reaching $159.23. 5,905 shares of the company’s stock were exchanged, compared to its average volume of 257,771. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of 13.13 and a beta of 0.64. Reinsurance Group of America has a fifty-two week low of $139.83 and a fifty-two week high of $169.26. The firm’s 50 day simple moving average is $162.68 and its two-hundred day simple moving average is $158.54. 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 posted its earnings results on Wednesday, October 30th. The insurance provider reported $4.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.42 by $0.60. Reinsurance Group of America had a net margin of 5.40% and a return on equity of 8.49%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter last year, the firm earned $4.03 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities research analysts predict that Reinsurance Group of America will post 13.65 earnings per share for the current fiscal year.

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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