Reinsurance Group of America (NYSE:RGA) Stock Rating Reaffirmed by Royal Bank of Canada

Reinsurance Group of America (NYSE:RGA)‘s stock had its “outperform” rating reiterated by Royal Bank of Canada in a note issued to investors on Friday, Benzinga reports. They currently have a $212.00 price target on the insurance provider’s stock. Royal Bank of Canada’s price target suggests a potential upside of 14.98% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. UBS Group increased their price objective on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company increased their price objective on shares of Reinsurance Group of America from $193.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday. Keefe, Bruyette & Woods increased their price objective on shares of Reinsurance Group of America from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Reinsurance Group of America from $170.00 to $189.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Finally, Piper Sandler increased their price objective on shares of Reinsurance Group of America from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average target price of $193.23.

Reinsurance Group of America Trading Down 0.3 %

Shares of Reinsurance Group of America stock opened at $184.38 on Friday. The firm has a market capitalization of $12.12 billion, a PE ratio of 13.73 and a beta of 0.89. Reinsurance Group of America has a twelve month low of $133.13 and a twelve month high of $196.25. The firm’s 50-day moving average price is $180.89 and its 200 day moving average price is $166.50. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.48.

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

Insider Activity at Reinsurance Group of America

In related news, CFO Todd C. Larson sold 2,966 shares of Reinsurance Group of America 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 sale, the chief financial officer now owns 49,549 shares in the company, valued at approximately $9,061,521.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Todd C. Larson sold 2,966 shares of Reinsurance Group of America 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 sale, the chief financial officer now owns 49,549 shares in the company, valued at approximately $9,061,521.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William L. Hutton sold 1,908 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total transaction 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 approximately $2,429,927.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,462 shares of company stock worth $1,162,239. Insiders own 1.31% of the company’s stock.

Hedge Funds Weigh In On Reinsurance Group of America

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC boosted its position in Reinsurance Group of America by 129.9% in the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after buying an additional 87 shares during the period. Pineridge Advisors LLC purchased a new position in Reinsurance Group of America in the 4th quarter valued at approximately $26,000. Rise Advisors LLC purchased a new stake in shares of Reinsurance Group of America during the 1st quarter worth $29,000. VisionPoint Advisory Group LLC lifted its position in shares of Reinsurance Group of America by 116.3% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 114 shares during the last quarter. Finally, Janiczek Wealth Management LLC lifted its position in shares of Reinsurance Group of America by 8,400.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 255 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

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.