Reinsurance Group of America (NYSE:RGA) Stock Rating Lowered by StockNews.com

Reinsurance Group of America (NYSE:RGA – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

RGA has been the topic of several other research reports. The Goldman Sachs Group raised their target price on shares of Reinsurance Group of America from $147.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, January 9th. JPMorgan Chase & Co. raised their target price on shares of Reinsurance Group of America from $136.00 to $141.00 and gave the stock a “neutral” rating in a report on Friday, January 6th. Barclays raised their price target on Reinsurance Group of America from $138.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 8th. Morgan Stanley raised their price target on Reinsurance Group of America from $145.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 10th. Finally, Citigroup raised their price target on Reinsurance Group of America from $112.00 to $116.00 in a research note on Wednesday, November 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Reinsurance Group of America presently has a consensus rating of “Hold” and an average target price of $150.89.

Reinsurance Group of America Stock Up 1.3 %

Shares of NYSE RGA opened at $146.39 on Thursday. Reinsurance Group of America has a one year low of $97.61 and a one year high of $153.35. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.13 and a quick ratio of 0.14. The firm’s 50 day simple moving average is $145.88 and its two-hundred day simple moving average is $138.68. The stock has a market capitalization of $9.79 billion, a P/E ratio of 15.91 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA – Get Rating) last issued its quarterly earnings results on Friday, February 3rd. The insurance provider reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.51 by ($0.52). Reinsurance Group of America had a net margin of 3.83% and a return on equity of 16.86%. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the business earned ($0.56) earnings per share. The firm’s revenue was up .4% on a year-over-year basis. As a group, analysts expect that Reinsurance Group of America will post 15.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Reinsurance Group of America

Several large investors have recently modified their holdings of the stock. Natixis purchased a new position in shares of Reinsurance Group of America in the 4th quarter worth about $5,399,000. Triasima Portfolio Management inc. bought a new stake in Reinsurance Group of America in the 4th quarter worth about $1,986,000. Truist Financial Corp increased its holdings in Reinsurance Group of America by 8.2% in the 4th quarter. Truist Financial Corp now owns 16,281 shares of the insurance provider’s stock worth $2,313,000 after buying an additional 1,231 shares in the last quarter. American Trust increased its holdings in Reinsurance Group of America by 15.6% in the 4th quarter. American Trust now owns 2,908 shares of the insurance provider’s stock worth $413,000 after buying an additional 392 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its holdings in shares of Reinsurance Group of America by 29.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 12,117 shares of the insurance provider’s stock valued at $1,722,000 after buying an additional 2,746 shares during the period. Hedge funds and other institutional investors own 96.46% of the company’s stock.

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.