Reinsurance Group of America (NYSE:RGA) Price Target Raised to $185.00

Reinsurance Group of America (NYSE:RGA - Get Free Report) had its price target boosted by research analysts at Morgan Stanley from $178.00 to $185.00 in a report released on Monday, Benzinga reports. The firm currently has an "equal weight" rating on the insurance provider's stock. Morgan Stanley's target price suggests a potential upside of 1.82% from the stock's current price.

A number of other research firms have also recently commented on RGA. Keefe, Bruyette & Woods increased their target price on Reinsurance Group of America from $200.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $212.00 target price on shares of Reinsurance Group of America in a research note on Friday. JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $170.00 to $189.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 2nd. UBS Group raised their price objective on Reinsurance Group of America from $198.00 to $223.00 and gave the stock a "buy" rating in a research note on Wednesday, April 10th. Finally, Evercore ISI raised their price objective on Reinsurance Group of America from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $194.38.

Reinsurance Group of America Stock Down 1.5 %

RGA stock traded down $2.69 during midday trading on Monday, hitting $181.69. The stock had a trading volume of 486,614 shares, compared to its average volume of 346,961. The firm has a market cap of $11.95 billion, a price-to-earnings ratio of 13.53 and a beta of 0.89. The business has a 50-day moving average of $181.17 and a two-hundred day moving average of $166.89. Reinsurance Group of America has a 52-week low of $133.13 and a 52-week high of $196.25. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.17 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its earnings results on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, topping analysts' consensus estimates of $4.40 by $0.33. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The firm had revenue of $5.01 billion for the quarter, compared to analysts' expectations of $4.57 billion. During the same period in the prior year, the firm posted $2.99 earnings per share. The company's quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts forecast that Reinsurance Group of America will post 19.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the completion of the transaction, the executive vice president now owns 13,363 shares in the company, valued at approximately $2,429,927.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Todd C. Larson sold 2,966 shares of Reinsurance Group of America stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the transaction, the chief financial officer now owns 49,549 shares in the company, valued at approximately $9,061,521.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the completion of the transaction, the executive vice president now owns 13,363 shares of the company's stock, valued at approximately $2,429,927.92. The disclosure for this sale can be found here. Insiders sold 6,462 shares of company stock worth $1,162,239 in the last quarter. 1.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Reinsurance Group of America

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rise Advisors LLC bought a new stake in shares of Reinsurance Group of America during the 1st quarter worth approximately $29,000. Lindbrook Capital LLC lifted its stake in shares of Reinsurance Group of America by 129.9% during the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider's stock worth $25,000 after acquiring an additional 87 shares during the last quarter. Pineridge Advisors LLC bought a new stake in shares of Reinsurance Group of America during the 4th quarter worth approximately $26,000. VisionPoint Advisory Group LLC lifted its stake in shares of Reinsurance Group of America by 116.3% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider's stock worth $31,000 after acquiring an additional 114 shares during the last quarter. Finally, Toth Financial Advisory Corp lifted its stake in shares of Reinsurance Group of America by 41.2% during the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider's stock worth $39,000 after acquiring an additional 70 shares during 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.