Reinsurance Group of America Inc. (NYSE:RGA) shares gapped up before the market opened 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 trading hands.

Several brokerages recently weighed in on RGA. Goldman Sachs Group Inc. raised Reinsurance Group of America from a “neutral” rating to a “buy” rating and raised their target price for the company from $96.00 to $108.00 in a research note on Friday. Deutsche Bank AG increased their price target on 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. increased their price target on Reinsurance Group of America from $97.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Evercore ISI began coverage on Reinsurance Group of America in a research report on Wednesday, July 6th. They issued a “hold” rating and a $92.00 price target for the company. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Reinsurance Group of America in a research report on Wednesday, July 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $98.33.

The stock has a market capitalization of $6.23 billion and a P/E ratio of 14.24. The firm has a 50 day moving average price of $95.85 and a 200-day moving average price of $92.18.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, April 28th. The company reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by $0.10. The firm earned $2.51 billion during the quarter, compared to the consensus estimate of $2.63 billion. The firm’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 anticipate that Reinsurance Group of America Inc. will post $8.94 earnings per share for the current fiscal year.

In other news, Director Arnoud W.A. Boot sold 625 shares of the business’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $96.00, for a total transaction of $60,000.00. Following the completion of the sale, the director now owns 7,000 shares in the company, valued at $672,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Several large investors have recently added to or reduced their stakes in the company. Aviance Capital Partners LLC increased its stake in Reinsurance Group of America by 100.7% in the fourth quarter. Aviance Capital Partners LLC now owns 13,215 shares of the company’s stock worth $1,131,000 after buying an additional 6,631 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Reinsurance Group of America during the fourth quarter worth approximately $1,149,000. Plancorp LLC bought a new stake in Reinsurance Group of America during the fourth quarter worth approximately $1,186,000. TD Asset Management Inc. increased its stake in Reinsurance Group of America by 77.9% in the fourth quarter. TD Asset Management Inc. now owns 15,300 shares of the company’s stock worth $1,309,000 after buying an additional 6,700 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Reinsurance Group of America by 9.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 15,968 shares of the company’s stock worth $1,367,000 after buying an additional 1,327 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.

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