Reinsurance Group of America (NYSE:RGA) Price Target Raised to $210.00

Reinsurance Group of America (NYSE:RGA - Get Free Report) had its price objective raised by Morgan Stanley from $209.00 to $210.00 in a report issued on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the insurance provider's stock. Morgan Stanley's price objective points to a potential upside of 6.61% from the company's current price.

RGA has been the topic of several other reports. Keefe, Bruyette & Woods boosted their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. UBS Group reaffirmed a "neutral" rating and issued a $216.00 target price (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. JPMorgan Chase & Co. increased their price target on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $249.00 price objective (up from $248.00) on shares of Reinsurance Group of America in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $245.00.

Reinsurance Group of America Stock Up 1.3%

Shares of RGA traded up $2.49 during trading hours on Monday, hitting $196.98. 259,760 shares of the company were exchanged, compared to its average volume of 450,920. The company has a market cap of $13.02 billion, a PE ratio of 16.62 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.16 and a current ratio of 0.16. The firm's 50 day moving average is $200.46 and its 200-day moving average is $200.96. Reinsurance Group of America has a 52 week low of $159.25 and a 52 week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.33 by $0.33. The company had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5.74 billion. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. The business's quarterly revenue was down 17.0% compared to the same quarter last year. During the same period in the prior year, the company earned $6.02 earnings per share. On average, equities research analysts forecast that Reinsurance Group of America will post 22.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Reinsurance Group of America

Large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Reinsurance Group of America by 38.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,783 shares of the insurance provider's stock worth $1,729,000 after buying an additional 2,428 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Reinsurance Group of America by 13.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,901 shares of the insurance provider's stock worth $768,000 after acquiring an additional 452 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of Reinsurance Group of America by 164.3% during the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock worth $29,000 after acquiring an additional 92 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Reinsurance Group of America by 1,265.2% in the first quarter. Asset Management One Co. Ltd. now owns 6,553 shares of the insurance provider's stock valued at $1,290,000 after purchasing an additional 6,073 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Reinsurance Group of America by 7.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 171,402 shares of the insurance provider's stock worth $33,984,000 after purchasing an additional 12,217 shares in the last quarter. Institutional investors 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.