Reinsurance Group of America (NYSE:RGA) Receives Maintains Rating from 58.com

Reinsurance Group of America (NYSE:RGA – Get Rating)‘s stock had its “maintains” rating reiterated by equities research analysts at 58.com in a report issued on Wednesday, Benzinga reports.

RGA has been the topic of a number of other reports. Credit Suisse Group lifted their price objective on Reinsurance Group of America from $144.00 to $152.00 in a research note on Wednesday. StockNews.com assumed coverage on Reinsurance Group of America in a research note on Thursday, May 18th. They issued a “buy” rating on the stock. Citigroup raised Reinsurance Group of America from a “sell” rating to a “buy” rating and boosted their target price for the stock from $133.00 to $158.00 in a report on Wednesday, March 15th. Wells Fargo & Company initiated coverage on Reinsurance Group of America in a report on Tuesday, April 25th. They set an “overweight” rating and a $163.00 price objective on the stock. Finally, Barclays upped their price objective on Reinsurance Group of America from $146.00 to $149.00 in a report on Tuesday, May 9th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and a consensus price target of $156.60.

Reinsurance Group of America Stock Down 0.0 %

RGA traded down $0.03 during trading on Wednesday, reaching $143.67. 335,206 shares of the stock traded hands, compared to its average volume of 423,625. The stock has a market cap of $9.56 billion, a price-to-earnings ratio of 10.37 and a beta of 0.91. Reinsurance Group of America has a fifty-two week low of $109.06 and a fifty-two week high of $153.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.14 and a quick ratio of 0.14. The stock’s 50-day simple moving average is $139.08 and its two-hundred day simple moving average is $141.51.

Reinsurance Group of America (NYSE:RGA – Get Rating) last announced its quarterly earnings results on Friday, May 5th. The insurance provider reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $1.79. Reinsurance Group of America had a return on equity of 23.94% and a net margin of 5.66%. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. As a group, equities research analysts expect that Reinsurance Group of America will post 17.74 EPS for the current year.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,952 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $150.03, for a total transaction of $292,858.56. Following the sale, the executive vice president now owns 13,970 shares of the company’s stock, valued at $2,095,919.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Reinsurance Group of America news, CFO Todd C. Larson sold 1,018 shares of Reinsurance Group of America stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $148.96, for a total value of $151,641.28. Following the completion of the sale, the chief financial officer now directly owns 44,260 shares of the company’s stock, valued at $6,592,969.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William L. Hutton sold 1,952 shares of Reinsurance Group of America stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $150.03, for a total transaction of $292,858.56. Following the completion of the sale, the executive vice president now directly owns 13,970 shares of the company’s stock, valued at $2,095,919.10. The disclosure for this sale can be found here. Insiders own 1.31% of the company’s stock.

Institutional Investors Weigh In On Reinsurance Group of America

Institutional investors have recently added to or reduced their stakes in the company. Profund Advisors LLC lifted its stake in shares of Reinsurance Group of America by 2.5% during the 4th quarter. Profund Advisors LLC now owns 2,850 shares of the insurance provider’s stock valued at $405,000 after buying an additional 70 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Reinsurance Group of America by 3.3% in the 1st quarter. CIBC Asset Management Inc now owns 2,183 shares of the insurance provider’s stock worth $290,000 after purchasing an additional 70 shares in the last quarter. Allworth Financial LP lifted its stake in Reinsurance Group of America by 33.9% in the 1st quarter. Allworth Financial LP now owns 300 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 76 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in Reinsurance Group of America by 2.0% in the 1st quarter. Resonant Capital Advisors LLC now owns 4,622 shares of the insurance provider’s stock worth $614,000 after purchasing an additional 89 shares in the last quarter. Finally, Legacy Advisors LLC lifted its stake in Reinsurance Group of America by 2.0% in the 1st quarter. Legacy Advisors LLC now owns 4,537 shares of the insurance provider’s stock worth $602,000 after purchasing an additional 90 shares in the last quarter. 96.46% of the stock is owned by institutional investors.

Reinsurance Group of America Company Profile

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Reinsurance Group of America, Inc is a holding company, which engages in the provision of traditional and non-traditional life and health reinsurance products. It operates through the following segments: U.S. and Latin America, Canada, Europe, Middle East, and Africa, Asia Pacific, and Corporate and Other.