Shares of Reinsurance Group of America Inc. (NYSE:RGA) gapped up prior to trading on Thursday . The stock had previously closed at $95.00, but opened at $95.62. Reinsurance Group of America shares last traded at $97.29, with a volume of 83,117 shares changing hands.

RGA has been the topic of several research analyst reports. Royal Bank Of Canada initiated coverage on shares of Reinsurance Group of America in a research report on Thursday, April 28th. They issued a “sector perform” rating and a $96.00 target price on the stock. Zacks Investment Research lowered shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Monday, April 4th. Deutsche Bank AG lifted their target price on shares of Reinsurance Group of America from $98.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, July 7th. Citigroup Inc. lifted their target price on shares of Reinsurance Group of America from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, April 6th. Finally, Evercore ISI initiated coverage on shares of Reinsurance Group of America in a research report on Wednesday, July 6th. They issued a “hold” rating and a $92.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $96.00.

The stock has a market cap of $6.20 billion and a P/E ratio of 14.17. The company has a 50-day moving average price of $95.85 and a 200 day moving average price of $92.11.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, April 28th. The company reported $1.85 EPS for the quarter, missing the Zacks’ consensus estimate of $1.95 by $0.10. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.63 billion. The business’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 EPS. On average, analysts predict that Reinsurance Group of America Inc. will post $8.94 EPS for the current fiscal year.

In other Reinsurance Group of America news, Director Arnoud W.A. Boot sold 625 shares of the company’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $96.00, for a total transaction of $60,000.00. Following the completion of the transaction, the director now owns 7,000 shares in the company, valued at approximately $672,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Several institutional investors recently made changes to their positions in RGA. Dimensional Fund Advisors LP increased its position in shares of Reinsurance Group of America by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,689,738 shares of the company’s stock worth $144,563,000 after buying an additional 16,338 shares in the last quarter. Trexquant Investment LP increased its position in shares of Reinsurance Group of America by 463.4% in the fourth quarter. Trexquant Investment LP now owns 16,902 shares of the company’s stock worth $1,446,000 after buying an additional 13,902 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Reinsurance Group of America by 12.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 314,690 shares of the company’s stock worth $26,922,000 after buying an additional 34,980 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Reinsurance Group of America during the fourth quarter worth about $1,644,000. Finally, Victory Capital Management Inc. increased its position in shares of Reinsurance Group of America by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,258,219 shares of the company’s stock worth $107,641,000 after buying an additional 8,399 shares in the last quarter.

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional and non-traditional life and health reinsurance. The Company has five geographic-based or function-based segments: U.S. and Latin America; Canada; Europe, Middle East and Africa; Asia Pacific, and Corporate and Other.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.