Reinsurance Group of America (NYSE:RGA) PT Raised to $210.00 at Wells Fargo & Company

Reinsurance Group of America (NYSE:RGA - Get Free Report) had its price objective raised by investment analysts at Wells Fargo & Company from $193.00 to $210.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an "overweight" rating on the insurance provider's stock. Wells Fargo & Company's price target points to a potential upside of 13.62% from the company's previous close.

Other equities research analysts have also recently issued research reports about the stock. Piper Sandler lifted their price target on shares of Reinsurance Group of America from $195.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, April 5th. UBS Group lifted their price objective on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the stock a "buy" rating in a research note on Wednesday. Royal Bank of Canada lifted their price objective on shares of Reinsurance Group of America from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Monday, February 5th. Keefe, Bruyette & Woods lifted their price objective on shares of Reinsurance Group of America from $200.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Evercore ISI lifted their price objective on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $191.15.

Reinsurance Group of America Price Performance

RGA traded down $5.13 during midday trading on Thursday, hitting $184.83. The company had a trading volume of 391,889 shares, compared to its average volume of 345,776. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market capitalization of $12.15 billion, a PE ratio of 13.86 and a beta of 0.89. Reinsurance Group of America has a twelve month low of $133.13 and a twelve month high of $196.25. The firm's 50-day simple moving average is $180.29 and its 200-day simple moving average is $165.98.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data on Friday, February 2nd. The insurance provider reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.40 by $0.33. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The firm had revenue of $5.01 billion during the quarter, compared to analysts' expectations of $4.57 billion. During the same quarter last year, the company posted $2.99 EPS. The company's quarterly revenue was up 14.9% compared to the same quarter last year. Equities research analysts predict that Reinsurance Group of America will post 19.38 EPS for the current fiscal year.

Insider Transactions at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,588 shares of the business's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total value of $272,866.04. Following the sale, the executive vice president now owns 13,625 shares of the company's stock, valued at $2,341,183.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP William L. Hutton sold 1,588 shares of the business's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total transaction of $272,866.04. Following the transaction, the executive vice president now directly owns 13,625 shares in the company, valued at $2,341,183.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Todd C. Larson sold 2,966 shares of the business's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total transaction of $542,422.08. Following the transaction, the chief financial officer now owns 49,549 shares in the company, valued at $9,061,521.12. The disclosure for this sale can be found here. Insiders have sold a total of 6,462 shares of company stock valued at $1,162,239 over the last 90 days. 1.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Reinsurance Group of America

Several institutional investors and hedge funds have recently modified their holdings of RGA. Moneta Group Investment Advisors LLC grew its stake in shares of Reinsurance Group of America by 129,207.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 12,117,433 shares of the insurance provider's stock valued at $1,721,766,000 after acquiring an additional 12,108,062 shares in the last quarter. Vanguard Group Inc. lifted its position in Reinsurance Group of America by 1.5% during the third quarter. Vanguard Group Inc. now owns 7,350,810 shares of the insurance provider's stock worth $1,067,264,000 after purchasing an additional 110,877 shares during the period. American Century Companies Inc. lifted its position in Reinsurance Group of America by 7.3% during the third quarter. American Century Companies Inc. now owns 2,605,471 shares of the insurance provider's stock worth $378,288,000 after purchasing an additional 177,299 shares during the period. State Street Corp lifted its position in Reinsurance Group of America by 4.7% during the first quarter. State Street Corp now owns 2,411,086 shares of the insurance provider's stock worth $263,917,000 after purchasing an additional 108,922 shares during the period. Finally, Earnest Partners LLC lifted its position in Reinsurance Group of America by 2.7% during the third quarter. Earnest Partners LLC now owns 2,371,076 shares of the insurance provider's stock worth $344,257,000 after purchasing an additional 62,045 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

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.