Reinsurance Group of America (NYSE:RGA) Given a $209.00 Price Target by Morgan Stanley Analysts

Reinsurance Group of America (NYSE:RGA) has been given a $209.00 target price by Morgan Stanley in a report issued on Monday, MarketBeat Ratings reports. The firm currently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 3.02% from the stock’s previous close.

Several other equities research analysts also recently issued reports on RGA. Piper Sandler dropped their target price on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Keefe, Bruyette & Woods upped their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the stock an “overweight” rating in a report on Tuesday, May 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $228.85.

Reinsurance Group of America Trading Down 0.4%

NYSE:RGA opened at $202.88 on Monday. The company has a market cap of $13.41 billion, a P/E ratio of 18.89 and a beta of 0.57. The stock’s fifty day moving average price is $192.05 and its two-hundred day moving average price is $206.63. Reinsurance Group of America has a 1 year low of $159.25 and a 1 year high of $233.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.33. The firm had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The business’s quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.02 earnings per share. As a group, analysts expect that Reinsurance Group of America will post 22.9 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RGA. Barclays PLC increased its stake in Reinsurance Group of America by 5.5% in the third quarter. Barclays PLC now owns 102,790 shares of the insurance provider’s stock valued at $22,396,000 after acquiring an additional 5,398 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Reinsurance Group of America during the fourth quarter valued at about $8,869,000. Avanza Fonder AB purchased a new stake in Reinsurance Group of America during the fourth quarter valued at about $1,011,000. HB Wealth Management LLC boosted its position in Reinsurance Group of America by 54.6% during the fourth quarter. HB Wealth Management LLC now owns 3,274 shares of the insurance provider’s stock valued at $700,000 after buying an additional 1,156 shares during the period. Finally, UMB Bank n.a. boosted its position in Reinsurance Group of America by 4.9% during the fourth quarter. UMB Bank n.a. now owns 1,745 shares of the insurance provider’s stock valued at $373,000 after buying an additional 81 shares during the period. 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.