Reinsurance Group of America (NYSE:RGA) received new coverage from analysts at Barclays

Investment analysts at Barclays have started coverage on the stock Reinsurance Group of America (NYSE:RGA – Get Free Report) in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $255.00 target price on the insurance provider’s stock. Barclays’ price objective indicates a potential upside of 17.82% from the company’s previous close.

RGA has been the subject of a number of other reports. Raymond James lifted their price objective on Reinsurance Group of America from $212.00 to $228.00 and gave the company a “strong-buy” rating in a research note on Friday, June 14th. Piper Sandler boosted their price objective on shares of Reinsurance Group of America from $228.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. JPMorgan Chase & Co. boosted their price objective on shares of Reinsurance Group of America from $208.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods upped their target price on shares of Reinsurance Group of America from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Finally, UBS Group lifted their price target on Reinsurance Group of America from $223.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, May 30th . Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Reinsurance Group of America has an average rating of “Moderate Buy” and a consensus price target of $223.33, according to MarketBeat.com .

Get our latest analysis on RGA

Reinsurance Group of America stock performance

Shares of RGA stock opened at $216.44 on Wednesday. Reinsurance Group of America has a fifty-two week low of $136.04 and a fifty-two week high of $227.87. The stock’s 50-day moving average is $211.26, and its two-hundred-day moving average is $200.07. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.17, and a quick ratio of 0.17. The firm has a market cap of $14.25 billion, a P/E ratio of 16.82 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA – Get Free Report ) last posted its earnings results on Thursday, August 1st. The insurance provider reported $5.48 EPS for the quarter, topping the consensus estimate of $4.94 by $0.54. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The company had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the previous year, the firm posted earnings of $4.40 per share. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. analysts forecast that Reinsurance Group of America will post 21.5 earnings per share for the current fiscal year.

Hedge funds influence America’s reinsurance group

Hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC increased its position in Reinsurance Group of America by 16,078.1% in the fourth quarter. International Assets Investment Management LLC now owns 22,164 shares of the insurance provider’s stock worth $3,586,000 after buying an additional 22,027 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Reinsurance Group of America by 1,545.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 576 shares of the insurance provider’s stock worth $94,000 after purchasing an additional 541 shares during the period. Axxcess Wealth Management LLC purchased a new stake in Reinsurance Group of America in the 4th quarter valued at $218,000. Private Advisor Group LLC raised its position in Reinsurance Group of America by 2.2% in the fourth quarter. Private Advisor Group LLC now owns 4,246 shares of the insurance provider’s stock valued at $687,000 after acquiring an additional 92 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Reinsurance Group of America by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 426,095 shares of the insurance provider’s stock worth $68,934,000 after acquiring an additional 5,972 shares in the last quarter. 95.11% of shares are held by institutional investors.

About Reinsurance Group of America

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Reinsurance Group of America, Incorporated is engaged in the business of reinsurance. The company offers individual and group life and health insurance products such as term life, credit, universal life, whole life, group life and health, joint and last survivor , of critical illness, disability and longevity; financial and asset-intensive reinsurance products; and other capital driven solutions.

Further reading

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