Reinsurance Group of America (NYSE:RGA) Price Target Raised to $264.00

Reinsurance Group of America (NYSE:RGA - Get Free Report) had its price target boosted by investment analysts at JPMorgan Chase & Co. from $237.00 to $264.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the insurance provider's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 35.95% from the company's current price.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods raised their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Morgan Stanley set a $209.00 target price on Reinsurance Group of America and gave the company an "equal weight" rating in a research report on Monday, May 19th. UBS Group reissued a "neutral" rating and set a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $244.92.

Reinsurance Group of America Trading Down 1.3%

Shares of NYSE RGA traded down $2.46 during midday trading on Tuesday, reaching $194.19. 412,683 shares of the stock were exchanged, compared to its average volume of 413,503. The stock has a market capitalization of $12.83 billion, a P/E ratio of 16.39 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.16 and a current ratio of 0.16. The company has a 50 day simple moving average of $200.46 and a 200 day simple moving average of $201.12. Reinsurance Group of America has a twelve month low of $159.25 and a twelve month high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.33. The company had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5.74 billion. Reinsurance Group of America had a return on equity of 13.69% and a net margin of 3.77%. The firm's revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the prior year, the business posted $6.02 earnings per share. As a group, equities analysts expect that Reinsurance Group of America will post 22.9 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RGA. Jones Financial Companies Lllp boosted its holdings in Reinsurance Group of America by 600.0% in the fourth quarter. Jones Financial Companies Lllp now owns 700 shares of the insurance provider's stock valued at $149,000 after purchasing an additional 600 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Reinsurance Group of America during the 4th quarter worth approximately $44,000. Assetmark Inc. boosted its holdings in shares of Reinsurance Group of America by 1,868.4% in the 4th quarter. Assetmark Inc. now owns 748 shares of the insurance provider's stock valued at $160,000 after buying an additional 710 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Reinsurance Group of America in the 4th quarter valued at $8,671,000. Finally, Raymond James Financial Inc. acquired a new stake in Reinsurance Group of America during the 4th quarter worth $48,724,000. 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.