Reinsurance Group of America (NYSE:RGA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “Shares of Reinsurance Group have outperformed the industry year to date. The stock has also seen estimates moving north in the last 60 days. Reinsurance Group continues to benefit from a mix of organic and transactional opportunities. Its niche position in the U.S. and Canadian reinsurance markets and the expansion of its international operations and diversified earnings stream are positives. Moreover, it is poised to benefit from an improving life reinsurance pricing environment. It expects operating income per share to grow 58% and operating ROE between 10% and 12% in the intermediate term. However, exposure to foreign exchange volatility, volatile Australian business and evolving capital requirements pose headwinds for the company in near term.”

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A number of other analysts have also weighed in on the stock. UBS Group began coverage on shares of Reinsurance Group of America in a research report on Friday, March 2nd. They issued a “neutral” rating and a $168.00 price objective on the stock. Wells Fargo & Co reissued a “market perform” rating and issued a $165.00 price objective (up from $160.00) on shares of Reinsurance Group of America in a research report on Wednesday, January 31st. Royal Bank of Canada reissued a “hold” rating and issued a $165.00 price objective on shares of Reinsurance Group of America in a research report on Friday, December 8th. Finally, Citigroup set a $171.00 price objective on shares of Reinsurance Group of America and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Reinsurance Group of America presently has an average rating of “Hold” and an average price target of $152.63.

Shares of Reinsurance Group of America (RGA) opened at $159.14 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. Reinsurance Group of America has a 1 year low of $121.93 and a 1 year high of $165.12. The firm has a market cap of $10,346.68, a PE ratio of 5.75, a P/E/G ratio of 1.43 and a beta of 0.75.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Monday, January 29th. The insurance provider reported $2.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.84 by ($0.24). Reinsurance Group of America had a return on equity of 8.62% and a net margin of 14.56%. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.22 billion. During the same period last year, the company earned $2.92 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. equities research analysts predict that Reinsurance Group of America will post 12.5 earnings per share for the current fiscal year.

In other news, Director Alan C. Henderson sold 556 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $148.84, for a total transaction of $82,755.04. Following the transaction, the director now directly owns 19,862 shares of the company’s stock, valued at $2,956,260.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Arnoud W.A. Boot sold 400 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $155.26, for a total transaction of $62,104.00. Following the transaction, the director now directly owns 6,357 shares in the company, valued at $986,987.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,456 shares of company stock worth $222,659. Corporate insiders own 1.76% of the company’s stock.

Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Reinsurance Group of America by 0.7% during the fourth quarter. BlackRock Inc. now owns 5,904,800 shares of the insurance provider’s stock worth $920,736,000 after acquiring an additional 42,031 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Reinsurance Group of America by 10.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,284,437 shares of the insurance provider’s stock worth $200,282,000 after acquiring an additional 120,832 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Reinsurance Group of America by 0.3% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,171,715 shares of the insurance provider’s stock worth $182,706,000 after acquiring an additional 3,000 shares during the period. Bank of New York Mellon Corp increased its position in shares of Reinsurance Group of America by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 1,117,646 shares of the insurance provider’s stock worth $155,945,000 after acquiring an additional 3,981 shares during the period. Finally, LSV Asset Management increased its holdings in Reinsurance Group of America by 38.0% during the fourth quarter. LSV Asset Management now owns 1,105,690 shares of the insurance provider’s stock valued at $172,410,000 after buying an additional 304,320 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

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About Reinsurance Group of America

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.

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