Reinsurance Group of America, Incorporated (NYSE:RGA) PT Set at $134.00 by Royal Bank Of Canada

Reinsurance Group of America, Incorporated (NYSE:RGA) received a $134.00 target price from stock analysts at Royal Bank Of Canada in a research report issued on Friday, July 28th. The firm presently has a “hold” rating on the insurance provider’s stock. Royal Bank Of Canada’s target price indicates a potential downside of 3.54% from the stock’s current price.

Several other brokerages have also recently weighed in on RGA. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $125.00 target price on shares of Reinsurance Group of America, in a report on Thursday, April 6th. Jefferies Group LLC lowered their target price on Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating for the company in a report on Monday, May 1st. Zacks Investment Research upgraded Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Friday, July 7th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Reinsurance Group of America, in a report on Friday, April 28th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Reinsurance Group of America, presently has a consensus rating of “Hold” and a consensus target price of $125.89.

Reinsurance Group of America, (RGA) opened at 138.92 on Friday. Reinsurance Group of America, has a 12 month low of $100.41 and a 12 month high of $141.89. The firm’s 50-day moving average price is $132.92 and its 200 day moving average price is $128.32. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 11.83 and a beta of 0.83.

Reinsurance Group of America, (NYSE:RGA) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $2.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.51. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3 billion. Reinsurance Group of America, had a return on equity of 8.48% and a net margin of 6.33%. Reinsurance Group of America,’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.80 EPS. On average, analysts anticipate that Reinsurance Group of America, will post $10.21 earnings per share for the current year.

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In related news, EVP Alain Neemeh sold 7,500 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $139.69, for a total transaction of $1,047,675.00. Following the completion of the sale, the executive vice president now directly owns 43,292 shares in the company, valued at approximately $6,047,459.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy T. Matson purchased 500 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was acquired at an average price of $127.39 per share, with a total value of $63,695.00. Following the completion of the purchase, the executive vice president now owns 2,430 shares of the company’s stock, valued at approximately $309,557.70. The disclosure for this purchase can be found here. Insiders have sold a total of 12,589 shares of company stock valued at $1,761,582 over the last 90 days. 1.47% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in RGA. World Asset Management Inc boosted its stake in Reinsurance Group of America, by 0.4% in the second quarter. World Asset Management Inc now owns 4,439 shares of the insurance provider’s stock worth $570,000 after buying an additional 19 shares during the period. Advisor Partners LLC boosted its stake in Reinsurance Group of America, by 1.5% in the second quarter. Advisor Partners LLC now owns 1,956 shares of the insurance provider’s stock worth $251,000 after buying an additional 28 shares during the period. Creative Planning boosted its stake in Reinsurance Group of America, by 3.2% in the first quarter. Creative Planning now owns 1,050 shares of the insurance provider’s stock worth $133,000 after buying an additional 33 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Reinsurance Group of America, by 0.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 8,599 shares of the insurance provider’s stock worth $1,092,000 after buying an additional 39 shares during the period. Finally, Heartland Advisors Inc. boosted its stake in Reinsurance Group of America, by 2.1% in the first quarter. Heartland Advisors Inc. now owns 2,197 shares of the insurance provider’s stock worth $279,000 after buying an additional 46 shares during the period. Institutional investors own 92.60% of the company’s stock.

Reinsurance Group of America, Company Profile

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

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

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