Reinsurance Group of America Inc (NYSE:RGA) has received an average recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $161.80.

RGA has been the topic of several research reports. ValuEngine raised shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Evercore ISI downgraded shares of Reinsurance Group of America from an “in-line” rating to an “underperform” rating in a research note on Tuesday, January 7th. UBS Group decreased their price target on shares of Reinsurance Group of America from $156.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Finally, Zacks Investment Research raised shares of Reinsurance Group of America from a “sell” rating to a “hold” rating and set a $160.00 price target on the stock in a research note on Friday, October 11th.

Shares of RGA stock traded down $3.06 during trading hours on Thursday, hitting $157.53. 525,881 shares of the company’s stock were exchanged, compared to its average volume of 327,005. The company has a market capitalization of $10.05 billion, a PE ratio of 13.50 and a beta of 0.64. Reinsurance Group of America has a 12-month low of $139.83 and a 12-month high of $169.26. The business’s 50 day simple moving average is $161.95 and its 200-day simple moving average is $158.64. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $4.02 EPS for the quarter, topping the consensus estimate of $3.42 by $0.60. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.45 billion. Reinsurance Group of America had a net margin of 5.40% and a return on equity of 8.49%. The business’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm posted $4.03 earnings per share. Equities analysts anticipate that Reinsurance Group of America will post 13.65 EPS for the current year.

In related news, CEO Alka Gautam sold 2,573 shares of Reinsurance Group of America stock in a transaction on Monday, November 4th. The shares were sold at an average price of $165.86, for a total value of $426,757.78. Following the transaction, the chief executive officer now directly owns 11,082 shares of the company’s stock, valued at $1,838,060.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Anna Manning sold 3,835 shares of Reinsurance Group of America stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $163.31, for a total transaction of $626,293.85. Over the last ninety days, insiders sold 9,744 shares of company stock worth $1,606,434. 0.78% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Usca Ria LLC bought a new stake in Reinsurance Group of America in the third quarter valued at $28,000. Evoke Wealth LLC bought a new stake in Reinsurance Group of America in the third quarter valued at $43,000. Valeo Financial Advisors LLC boosted its holdings in Reinsurance Group of America by 50.0% in the third quarter. Valeo Financial Advisors LLC now owns 300 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 100 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Reinsurance Group of America by 132.5% in the third quarter. Quadrant Capital Group LLC now owns 372 shares of the insurance provider’s stock valued at $56,000 after acquiring an additional 212 shares in the last quarter. Finally, National Pension Service bought a new stake in Reinsurance Group of America in the second quarter valued at $93,000. 91.77% of the stock is currently owned by institutional investors.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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Analyst Recommendations for Reinsurance Group of America (NYSE:RGA)

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