Reinsurance Group of America's (RGA) "Market Perform" Rating Reiterated at Raymond James

Reinsurance Group of America (NYSE:RGA - Get Free Report)'s stock had its "market perform" rating restated by stock analysts at Raymond James in a report released on Friday, MarketBeat.com reports.

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. raised 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. Wells Fargo & Company lifted their price target 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. Piper Sandler reduced their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Keefe, Bruyette & Woods lifted their target price on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $228.85.

Reinsurance Group of America Price Performance

Shares of RGA opened at $202.88 on Friday. The firm's 50-day simple moving average is $192.05 and its two-hundred day simple moving average is $206.63. Reinsurance Group of America has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. The stock has a market cap of $13.41 billion, a PE ratio of 18.89 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping analysts' consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The firm had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5.74 billion. During the same period in the prior year, the firm posted $6.02 earnings per share. The company's quarterly revenue was down 17.0% on a year-over-year basis. Analysts anticipate that Reinsurance Group of America will post 22.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC grew its stake in shares of Reinsurance Group of America by 5.5% in the 3rd quarter. Barclays PLC now owns 102,790 shares of the insurance provider's stock worth $22,396,000 after buying an additional 5,398 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in Reinsurance Group of America by 17.9% during the 4th quarter. Raleigh Capital Management Inc. now owns 1,399 shares of the insurance provider's stock valued at $299,000 after buying an additional 212 shares during the period. Exchange Traded Concepts LLC increased its position in Reinsurance Group of America by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,521 shares of the insurance provider's stock valued at $752,000 after acquiring an additional 85 shares during the last quarter. First Citizens Bank & Trust Co. raised its stake in shares of Reinsurance Group of America by 15.1% in the fourth quarter. First Citizens Bank & Trust Co. now owns 1,613 shares of the insurance provider's stock valued at $345,000 after acquiring an additional 212 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Reinsurance Group of America by 29.4% in the 4th quarter. Blue Trust Inc. now owns 6,378 shares of the insurance provider's stock worth $1,390,000 after acquiring an additional 1,449 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.