Morgan Stanley Lowers Reinsurance Group of America (NYSE:RGA) Price Target to $195.00

Key Points

• Morgan Stanley has lowered its target price for Reinsurance Group of America (RGA) stock from $210 to $195, maintaining an "equal weight" rating, which suggests a potential upside of 4.36% from its current price.
• Despite Morgan Stanley's pessimistic view, other brokerages such as JPMorgan Chase and Keefe, Bruyette & Woods have raised their price targets for RGA, indicating mixed outlooks among analysts.
• Reinsurance Group of America reported a quarterly earnings miss, with EPS of $4.72 falling short of consensus estimates of $5.58, although revenue increased by 14.8% year-over-year.

Reinsurance Group of America (NYSE:RGA - Get Free Report) had its price objective dropped by equities researchers at Morgan Stanley from $210.00 to $195.00 in a report released on Monday, MarketBeat Ratings reports. The brokerage currently has an "equal weight" rating on the insurance provider's stock. Morgan Stanley's target price points to a potential upside of 2.42% from the stock's previous close.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $237.00 to $264.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Wells Fargo & Company lowered their target price on Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Finally, Keefe, Bruyette & Woods raised their target price 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. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and a consensus target price of $242.27.

Reinsurance Group of America Trading Up 1.2%

NYSE:RGA traded up $2.3350 during trading hours on Monday, hitting $190.3850. 38,437 shares of the stock were exchanged, compared to its average volume of 457,664. The company's 50 day moving average is $193.40 and its two-hundred day moving average is $195.23. Reinsurance Group of America has a twelve month low of $159.25 and a twelve month high of $233.81. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $12.58 billion, a P/E ratio of 16.53 and a beta of 0.61.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share for the quarter, missing analysts' consensus estimates of $5.58 by ($0.86). The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.70 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The business's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $5.48 EPS. On average, sell-side analysts anticipate that Reinsurance Group of America will post 22.9 earnings per share for the current fiscal year.

Institutional Trading of Reinsurance Group of America

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Alpine Bank Wealth Management bought a new position in shares of Reinsurance Group of America during the 1st quarter valued at $28,000. Colonial Trust Co SC boosted its stake in shares of Reinsurance Group of America by 72.2% during the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 57 shares in the last quarter. Golden State Wealth Management LLC boosted 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 valued at $29,000 after purchasing an additional 92 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Reinsurance Group of America by 224.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 121 shares in the last quarter. Finally, TCTC Holdings LLC boosted its stake in shares of Reinsurance Group of America by 107.2% during the 1st quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other 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.