Reinsurance Group of America (NYSE:RGA) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded Reinsurance Group of America (NYSE:RGA) from a "buy" to a "hold" in a report issued Saturday.
• Analyst consensus remains cautiously positive: six analysts rate the stock Buy, three Hold and one Sell, giving a MarketBeat average rating of "Moderate Buy" and an average price target of $246.71.
• RGA posted a strong quarterly beat, reporting $7.75 EPS versus $5.86 expected and revenue of $6.64 billion (up 26.6% YoY); the shares trade near $205 with a P/E of 11.55 and a market cap of $13.44 billion.

Reinsurance Group of America (NYSE:RGA - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

RGA has been the subject of several other research reports. UBS Group raised their target price on Reinsurance Group of America from $216.00 to $220.00 and gave the stock a "neutral" rating in a research report on Thursday. Wells Fargo & Company increased their price objective on Reinsurance Group of America from $238.00 to $261.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 25th. Barclays lifted their price objective on Reinsurance Group of America from $245.00 to $256.00 and gave the company an "overweight" rating in a report on Wednesday. Weiss Ratings restated a "buy (b-)" rating on shares of Reinsurance Group of America in a research note on Monday, December 29th. Finally, TD Cowen reaffirmed a "hold" rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $246.71.

Reinsurance Group of America Stock Performance

NYSE:RGA opened at $205.08 on Friday. Reinsurance Group of America has a 12-month low of $165.52 and a 12-month high of $229.21. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $13.44 billion, a PE ratio of 11.55 and a beta of 0.52. The firm has a 50-day moving average price of $210.28 and a 200 day moving average price of $200.01.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, beating analysts' consensus estimates of $5.86 by $1.89. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The company had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.25 billion. During the same period in the previous year, the business earned $4.99 earnings per share. The company's quarterly revenue was up 26.6% on a year-over-year basis. Research analysts anticipate that Reinsurance Group of America will post 22.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Reinsurance Group of America

Hedge funds have recently added to or reduced their stakes in the stock. Millstone Evans Group LLC grew its holdings in Reinsurance Group of America by 82.4% during the 3rd quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider's stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Activest Wealth Management bought a new stake in Reinsurance Group of America during the 4th quarter worth about $30,000. Root Financial Partners LLC bought a new stake in Reinsurance Group of America during the 3rd quarter worth about $33,000. Tobam grew its holdings in Reinsurance Group of America by 244.7% during the 4th quarter. Tobam now owns 162 shares of the insurance provider's stock worth $33,000 after acquiring an additional 115 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Reinsurance Group of America during the 4th quarter worth about $35,000. Institutional investors own 95.11% of the company's stock.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated NYSE: RGA is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company's offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA's product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.

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