Reinsurance Group of America, Incorporated (NYSE:RGA) Stock Rated "Buy" by Sell-Side Analysts

Key Points

• Analysts rate RGA a consensus “Buy”: Eight analysts recommend buying, one rates it a strong buy, and one recommends holding. The average 12-month price target is $270, with recent targets ranging up to $295.
• Quarterly results exceeded expectations: RGA reported earnings of $8.89 per share versus the $6.50 consensus estimate, while revenue rose 18.5% year over year to $6.64 billion.
• Institutional ownership is high: Hedge funds and other institutional investors own approximately 95.11% of RGA’s shares, while an executive recently sold 8,589 shares at an average price of $246.30.

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) have been given a consensus rating of "Buy" by the ten analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $270.00.

RGA has been the topic of a number of recent analyst reports. UBS Group raised shares of Reinsurance Group of America from a "hold" rating to a "strong-buy" rating in a report on Friday, July 24th. Morgan Stanley raised shares of Reinsurance Group of America from an "equal weight" rating to an "overweight" rating and set a $295.00 price objective for the company in a report on Monday, September 28th. Weiss Ratings reissued a "buy (b)" rating on shares of Reinsurance Group of America in a report on Friday, August 7th. TD Cowen increased their price objective on shares of Reinsurance Group of America from $235.00 to $250.00 and gave the company a "hold" rating in a research report on Wednesday, October 21st. Finally, Barclays set a $292.00 target price on shares of Reinsurance Group of America in a report on Thursday, October 8th.

Reinsurance Group of America Trading Down 0.1%

Reinsurance Group of America stock opened at $263.76 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.14 and a quick ratio of 0.14. Reinsurance Group of America has a one year low of $178.21 and a one year high of $272.44. The stock has a market capitalization of $17.22 billion, a PE ratio of 11.58 and a beta of 0.45. The business's fifty day moving average is $251.45 and its 200 day moving average is $230.22.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $8.89 EPS for the quarter, topping the consensus estimate of $6.50 by $2.39. Reinsurance Group of America had a return on equity of 14.78% and a net margin of 5.81%. The company had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.67 billion. During the same period last year, the company earned $4.72 EPS. Reinsurance Group of America's revenue for the quarter was up 18.5% on a year-over-year basis. On average, sell-side analysts predict that Reinsurance Group of America will post 29.78 EPS for the current year.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP Jonathan Porter sold 8,589 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $246.30, for a total transaction of $2,115,470.70. Following the completion of the sale, the executive vice president directly owned 14,885 shares in the company, valued at approximately $3,666,175.50. The trade was a 36.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company's stock.

Hedge Funds Weigh In On Reinsurance Group of America

Institutional investors and hedge funds have recently modified their holdings of the company. Apollon Wealth Management LLC increased its position in Reinsurance Group of America by 13.8% during the third quarter. Apollon Wealth Management LLC now owns 1,234 shares of the insurance provider's stock valued at $304,000 after acquiring an additional 150 shares during the last quarter. Signaturefd LLC lifted its holdings in Reinsurance Group of America by 46.3% in the third quarter. Signaturefd LLC now owns 2,374 shares of the insurance provider's stock valued at $585,000 after acquiring an additional 751 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in Reinsurance Group of America by 80.2% in the third quarter. Citizens Financial Group Inc. RI now owns 4,051 shares of the insurance provider's stock valued at $998,000 after acquiring an additional 1,803 shares during the period. Anderson Hoagland & Co. boosted its position in Reinsurance Group of America by 1.8% in the third quarter. Anderson Hoagland & Co. now owns 16,243 shares of the insurance provider's stock worth $4,419,000 after purchasing an additional 288 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new position in Reinsurance Group of America in the third quarter worth about $217,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated NYSE: RGA is a global provider of life and health reinsurance. The company works with insurance carriers to help them manage mortality, longevity, morbidity and other insurance risks, while supporting the development and distribution of life and health insurance products.

RGA's offerings include traditional life reinsurance, including term, whole life and universal life coverage, as well as health reinsurance and financial solutions. Its financial solutions business provides capital management, asset-intensive reinsurance, longevity and other risk-management arrangements designed to help insurers manage their balance sheets and meet changing customer and regulatory needs.

Founded in 1973 as part of General American Life Insurance Company, RGA became an independent public company in 1993.

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