Evercore ISI Raises Reinsurance Group of America (NYSE:RGA) Price Target to $215.00

Reinsurance Group of America (NYSE:RGA) had its price target raised by research analysts at Evercore ISI from $200.00 to $215.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Evercore ISI’s price target would indicate a potential upside of 16.64% from the company’s current price.

RGA has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their target price on shares of Reinsurance Group of America from $170.00 to $189.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Piper Sandler boosted their price target on shares of Reinsurance Group of America from $195.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Keefe, Bruyette & Woods boosted their price target on shares of Reinsurance Group of America from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wells Fargo & Company boosted their price target on shares of Reinsurance Group of America from $186.00 to $193.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Finally, Royal Bank of Canada boosted their price target on shares of Reinsurance Group of America from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $193.23.

Reinsurance Group of America Trading Down 0.3 %

NYSE RGA opened at $184.32 on Thursday. The firm’s 50-day moving average is $180.89 and its two-hundred day moving average is $166.36. Reinsurance Group of America has a 12 month low of $133.13 and a 12 month high of $196.25. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $12.12 billion, a P/E ratio of 13.72 and a beta of 0.89.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.40 by $0.33. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The company had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the company posted $2.99 earnings per share. Reinsurance Group of America’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Reinsurance Group of America will post 19.38 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Todd C. Larson sold 2,966 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the transaction, the chief financial officer now directly owns 49,549 shares of the company’s stock, valued at $9,061,521.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP William L. Hutton sold 1,908 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the completion of the transaction, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at $2,429,927.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd C. Larson sold 2,966 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the transaction, the chief financial officer now directly owns 49,549 shares of the company’s stock, valued at $9,061,521.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,462 shares of company stock worth $1,162,239. Company insiders own 1.31% of the company’s stock.

Hedge Funds Weigh In On Reinsurance Group of America

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rise Advisors LLC acquired a new stake in shares of Reinsurance Group of America in the first quarter valued at approximately $29,000. Lindbrook Capital LLC boosted its holdings in shares of Reinsurance Group of America by 129.9% in the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 87 shares during the period. Pineridge Advisors LLC acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at approximately $26,000. VisionPoint Advisory Group LLC boosted its holdings in shares of Reinsurance Group of America by 116.3% in the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 114 shares during the period. Finally, Toth Financial Advisory Corp boosted its holdings in shares of Reinsurance Group of America by 41.2% in the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 70 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

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.