Reinsurance Group of America (NYSE:RGA) Price Target Raised to $248.00 at Wells Fargo & Company

Reinsurance Group of America (NYSE:RGA - Get Free Report) had its price objective hoisted by equities research analysts at Wells Fargo & Company from $246.00 to $248.00 in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage currently has an "overweight" rating on the insurance provider's stock. Wells Fargo & Company's target price points to a potential upside of 20.97% from the stock's current price.

RGA has been the subject of several other reports. UBS Group reissued a "neutral" rating and issued a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Morgan Stanley lowered their target price on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Keefe, Bruyette & Woods decreased their price target on shares of Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Barclays dropped their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Reinsurance Group of America presently has a consensus rating of "Moderate Buy" and an average target price of $230.69.

Reinsurance Group of America Stock Up 1.5 %

NYSE:RGA traded up $2.95 during trading hours on Tuesday, hitting $205.01. The stock had a trading volume of 471,379 shares, compared to its average volume of 405,259. The business has a 50 day simple moving average of $189.13 and a two-hundred day simple moving average of $206.97. Reinsurance Group of America has a 1-year low of $159.25 and a 1-year high of $233.81. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The company has a market cap of $13.55 billion, a PE ratio of 19.09 and a beta of 0.57.

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, topping the consensus estimate of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The firm had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the previous year, the firm posted $6.02 EPS. The firm's quarterly revenue was down 17.0% on a year-over-year basis. Analysts predict that Reinsurance Group of America will post 22.9 EPS for the current year.

Institutional Trading of Reinsurance Group of America

Institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC raised its holdings in Reinsurance Group of America by 357.1% during the first quarter. Headlands Technologies LLC now owns 224 shares of the insurance provider's stock worth $44,000 after purchasing an additional 175 shares in the last quarter. Cheviot Value Management LLC acquired a new stake in shares of Reinsurance Group of America in the first quarter valued at $402,000. PNC Financial Services Group Inc. boosted its stake in Reinsurance Group of America by 1.8% during the first quarter. PNC Financial Services Group Inc. now owns 15,933 shares of the insurance provider's stock valued at $3,137,000 after buying an additional 286 shares in the last quarter. Blueshift Asset Management LLC bought a new position in Reinsurance Group of America during the first quarter valued at about $351,000. Finally, US Bancorp DE grew its holdings in Reinsurance Group of America by 3.6% during the first quarter. US Bancorp DE now owns 36,989 shares of the insurance provider's stock worth $7,284,000 after acquiring an additional 1,271 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

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.