Reinsurance Group of America (NYSE:RGA) Given a $195.00 Price Target at Morgan Stanley

Reinsurance Group of America (NYSE:RGA) received a $195.00 target price from investment analysts at Morgan Stanley in a research note issued to investors on Monday, MarketBeat reports. The firm currently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 2.12% from the stock’s previous close.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods increased their price objective on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Raymond James Financial reissued a “market perform” rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Wells Fargo & Company reduced their price objective on shares of Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $242.27.

Reinsurance Group of America Price Performance

Shares of NYSE RGA traded up $2.91 during midday trading on Monday, hitting $190.96. The stock had a trading volume of 15,627 shares, compared to its average volume of 457,506. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47. Reinsurance Group of America has a 1 year low of $159.25 and a 1 year high of $233.81. The company has a market capitalization of $12.62 billion, a PE ratio of 16.56 and a beta of 0.61. The stock has a 50 day simple moving average of $193.40 and a 200-day simple moving average of $195.23.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, July 31st. The insurance provider reported $4.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.58 by ($0.86). Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the previous year, the business posted $5.48 earnings per share. Reinsurance Group of America’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, sell-side analysts expect that Reinsurance Group of America will post 22.9 EPS for the current fiscal year.

Institutional Trading of Reinsurance Group of America

A number of hedge funds have recently made changes to their positions in RGA. Cordatus Wealth Management LLC raised its holdings in shares of Reinsurance Group of America by 3.1% during the first quarter. Cordatus Wealth Management LLC now owns 1,681 shares of the insurance provider’s stock worth $331,000 after purchasing an additional 50 shares during the period. Richard W. Paul & Associates LLC boosted its holdings in shares of Reinsurance Group of America by 3.7% during the second quarter. Richard W. Paul & Associates LLC now owns 1,523 shares of the insurance provider’s stock valued at $302,000 after acquiring an additional 54 shares during the period. Journey Strategic Wealth LLC grew its position in shares of Reinsurance Group of America by 4.9% during the first quarter. Journey Strategic Wealth LLC now owns 1,204 shares of the insurance provider’s stock worth $237,000 after acquiring an additional 56 shares during the last quarter. Colonial Trust Co SC increased its holdings in shares of Reinsurance Group of America by 72.2% in the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 57 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Reinsurance Group of America by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

About Reinsurance Group of America

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.