Reinsurance Group of America, Incorporated (NYSE:RGA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Reinsurance Group of America, Incorporated (NYSE:RGA) has earned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $238.6667.

Several brokerages have recently weighed in on RGA. TD Cowen reissued a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday. Morgan Stanley set a $208.00 price objective on shares of Reinsurance Group of America in a research note on Monday, December 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. Piper Sandler increased their price target on Reinsurance Group of America from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday, December 23rd. Finally, Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $237.00 to $238.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th.

Reinsurance Group of America Trading Down 0.0%

Shares of RGA stock opened at $196.59 on Friday. The company has a market cap of $12.92 billion, a PE ratio of 15.12 and a beta of 0.55. Reinsurance Group of America has a 1 year low of $159.25 and a 1 year high of $232.97. The stock’s 50 day simple moving average is $198.06 and its two-hundred day simple moving average is $193.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.13 and a quick ratio of 0.13.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.57. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The firm had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the previous year, the company posted $6.13 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Research analysts predict that Reinsurance Group of America will post 22.9 earnings per share for the current year.

Institutional Investors Weigh In On Reinsurance Group of America

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RGA. Millstone Evans Group LLC grew its stake in Reinsurance Group of America by 82.4% in the 3rd quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Root Financial Partners LLC bought a new position in Reinsurance Group of America in the third quarter worth approximately $33,000. Advisory Services Network LLC purchased a new position in Reinsurance Group of America during the 3rd quarter worth $38,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Reinsurance Group of America by 632.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 205 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 177 shares during the period. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Reinsurance Group of America in the 3rd quarter worth $44,000. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.