UBS Group Forecasts Strong Price Appreciation for Reinsurance Group of America (NYSE:RGA) Stock

Key Points

• UBS raised its price target on Reinsurance Group of America to $220 and kept a neutral rating, implying roughly a 5.39% upside from the prevailing share price.
• The broader analyst landscape is more bullish, with an average price target of $246.71 and six analysts issuing Buy ratings while several firms (Piper Sandler, Wells Fargo, Barclays) have set targets in the roughly $256–$263 range.
• RGA posted a strong quarter, beating EPS estimates ($7.75 vs. $5.86) and reporting revenue up 26.6% year‑over‑year; shares were trading near $208.75, with a market cap of about $13.7B and a P/E around 11.8.

Reinsurance Group of America (NYSE:RGA - Get Free Report) had its price objective upped by equities researchers at UBS Group from $216.00 to $220.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the insurance provider's stock. UBS Group's price target indicates a potential upside of 5.39% from the stock's current price.

RGA has been the subject of a number of other reports. Piper Sandler reaffirmed an "overweight" rating and set a $263.00 price target on shares of Reinsurance Group of America in a research report on Friday, February 6th. Weiss Ratings reissued a "buy (b-)" rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Wells Fargo & Company increased their price objective on Reinsurance Group of America from $238.00 to $261.00 and gave the company an "overweight" rating in a report on Wednesday, February 25th. Barclays increased 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. Finally, Wall Street Zen raised Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Saturday, February 7th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $246.71.

Reinsurance Group of America Stock Performance

Shares of RGA traded down $2.55 on Thursday, reaching $208.75. 273,956 shares of the company's stock traded hands, compared to its average volume of 385,826. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.42. The stock has a market cap of $13.69 billion, a PE ratio of 11.76 and a beta of 0.52. The stock's 50 day simple moving average is $210.04 and its two-hundred day simple moving average is $199.82. Reinsurance Group of America has a 52-week low of $165.52 and a 52-week high of $229.21.

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

Hedge Funds Weigh In On Reinsurance Group of America

A number of large investors have recently made changes to their positions in the stock. Nordea Investment Management AB raised its position in Reinsurance Group of America by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 570,631 shares of the insurance provider's stock valued at $116,597,000 after purchasing an additional 20,722 shares in the last quarter. ProShare Advisors LLC raised its position in Reinsurance Group of America by 3.2% during the third quarter. ProShare Advisors LLC now owns 182,162 shares of the insurance provider's stock valued at $34,999,000 after purchasing an additional 5,586 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in Reinsurance Group of America by 94.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 18,504 shares of the insurance provider's stock valued at $3,555,000 after purchasing an additional 8,971 shares in the last quarter. Algebris UK Ltd. purchased a new stake in Reinsurance Group of America during the third quarter valued at about $10,750,000. Finally, Nuance Investments LLC raised its position in Reinsurance Group of America by 30.6% during the third quarter. Nuance Investments LLC now owns 47,334 shares of the insurance provider's stock valued at $9,094,000 after purchasing an additional 11,095 shares in the last quarter. 95.11% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.