Reinsurance Group of America's (RGA) "Hold (C+)" Rating Reiterated at Weiss Ratings

Reinsurance Group of America (NYSE:RGA - Get Free Report)'s stock had its "hold (c+)" rating reiterated by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently commented on the company. JPMorgan Chase & Co. boosted their target price on Reinsurance Group of America from $237.00 to $264.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Piper Sandler reaffirmed an "overweight" rating on shares of Reinsurance Group of America in a report on Tuesday. Wells Fargo & Company lowered their price target on Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Morgan Stanley lowered their price target on Reinsurance Group of America from $210.00 to $195.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Finally, Barclays reaffirmed an "overweight" rating and set a $246.00 price target on shares of Reinsurance Group of America in a report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Reinsurance Group of America has a consensus rating of "Moderate Buy" and a consensus target price of $241.56.

Reinsurance Group of America Trading Down 0.3%

Reinsurance Group of America stock opened at $196.97 on Wednesday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47. The business's fifty day simple moving average is $190.39 and its two-hundred day simple moving average is $193.43. Reinsurance Group of America has a 12 month low of $159.25 and a 12 month high of $233.81. The company has a market capitalization of $13.02 billion, a price-to-earnings ratio of 17.10 and a beta of 0.60.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its earnings results on Thursday, July 31st. The insurance provider reported $4.72 EPS for the quarter, missing the consensus estimate of $5.58 by ($0.86). Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same period last year, the firm posted $5.48 earnings per share. The company's revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts predict that Reinsurance Group of America will post 22.9 earnings per share for the current fiscal year.

Institutional Trading of Reinsurance Group of America

A number of hedge funds have recently bought and sold shares of RGA. Norges Bank purchased a new stake in Reinsurance Group of America during the second quarter valued at $167,955,000. American Century Companies Inc. increased its position in Reinsurance Group of America by 67.9% during the first quarter. American Century Companies Inc. now owns 1,511,927 shares of the insurance provider's stock valued at $297,699,000 after acquiring an additional 611,226 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in Reinsurance Group of America by 6,076.4% during the second quarter. Orion Porfolio Solutions LLC now owns 602,503 shares of the insurance provider's stock valued at $119,512,000 after acquiring an additional 592,748 shares during the last quarter. Laurel Wealth Advisors LLC increased its position in Reinsurance Group of America by 19,387.3% in the second quarter. Laurel Wealth Advisors LLC now owns 561,818 shares of the insurance provider's stock worth $111,442,000 after buying an additional 558,935 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in Reinsurance Group of America by 534.1% in the second quarter. Nordea Investment Management AB now owns 570,386 shares of the insurance provider's stock worth $112,828,000 after buying an additional 480,435 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

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.

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