Reinsurance Group of America, Incorporated (NYSE:RGA)‘s stock had its “hold” rating reiterated by stock analysts at Keefe, Bruyette & Woods in a report issued on Friday. They currently have a $148.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential downside of 1.08% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. Royal Bank Of Canada set a $145.00 target price on shares of Reinsurance Group of America, and gave the company a “hold” rating in a research report on Friday, October 27th. Wells Fargo & Company reaffirmed a “hold” rating and issued a $131.00 target price on shares of Reinsurance Group of America, in a research report on Thursday, October 26th. Zacks Investment Research raised shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a research report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of Reinsurance Group of America, in a research report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $135.25.

Shares of Reinsurance Group of America, (NYSE:RGA) traded down $1.40 on Friday, hitting $149.62. 210,002 shares of the company were exchanged, compared to its average volume of 310,595. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.11 and a quick ratio of 0.11. Reinsurance Group of America, has a 12-month low of $114.78 and a 12-month high of $152.19. The stock has a market capitalization of $9,705.69, a price-to-earnings ratio of 13.85, a P/E/G ratio of 1.51 and a beta of 0.80.

Reinsurance Group of America, (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $3.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.82. Reinsurance Group of America, had a net margin of 6.44% and a return on equity of 9.32%. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the firm posted $2.46 earnings per share. Reinsurance Group of America,’s quarterly revenue was up 8.4% on a year-over-year basis. equities analysts anticipate that Reinsurance Group of America, will post 11.07 EPS for the current year.

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In other news, Director Christine Rose Detrick sold 659 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $149.50, for a total transaction of $98,520.50. Following the sale, the director now owns 4,023 shares of the company’s stock, valued at $601,438.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $149.96, for a total transaction of $149,960.00. Following the sale, the executive vice president now directly owns 27,277 shares in the company, valued at approximately $4,090,458.92. The disclosure for this sale can be found here. Insiders sold 4,040 shares of company stock worth $583,258 in the last ninety days. 1.47% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of RGA. Janus Henderson Group PLC lifted its position in shares of Reinsurance Group of America, by 9,358.1% during the second quarter. Janus Henderson Group PLC now owns 550,935 shares of the insurance provider’s stock worth $70,734,000 after purchasing an additional 545,110 shares in the last quarter. AJO LP lifted its position in shares of Reinsurance Group of America, by 30.2% during the second quarter. AJO LP now owns 1,748,038 shares of the insurance provider’s stock worth $224,431,000 after purchasing an additional 405,008 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Reinsurance Group of America, by 65.9% during the third quarter. Wells Fargo & Company MN now owns 791,981 shares of the insurance provider’s stock worth $110,504,000 after purchasing an additional 314,479 shares in the last quarter. Harbour Capital Advisors LLC lifted its position in shares of Reinsurance Group of America, by 12,739.0% during the second quarter. Harbour Capital Advisors LLC now owns 243,941 shares of the insurance provider’s stock worth $1,900,000 after purchasing an additional 242,041 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Reinsurance Group of America, by 383.4% during the third quarter. BNP Paribas Arbitrage SA now owns 270,749 shares of the insurance provider’s stock worth $37,778,000 after purchasing an additional 214,738 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

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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