Reinsurance Group of America (NYSE:RGA) PT Raised to $235.00 at Piper Sandler

Reinsurance Group of America (NYSE:RGA) had its price target increased by equities researchers at Piper Sandler from $228.00 to $235.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the insurance provider’s stock. Piper Sandler’s price objective indicates a potential upside of 13.93% from the stock’s previous close.

A number of other research firms also recently weighed in on RGA. JPMorgan Chase & Co. upped their price objective on Reinsurance Group of America from $189.00 to $195.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Keefe, Bruyette & Woods increased their target price on Reinsurance Group of America from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $210.00 to $227.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Raymond James boosted their price objective on shares of Reinsurance Group of America from $212.00 to $228.00 and gave the company a “strong-buy” rating in a research report on Friday, June 14th. Finally, Evercore ISI increased their target price on Reinsurance Group of America from $225.00 to $241.00 and gave the stock an “outperform” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $214.73.

Reinsurance Group of America Trading Up 0.6 %

NYSE RGA opened at $206.11 on Friday. The firm has a market capitalization of $13.56 billion, a PE ratio of 16.03 and a beta of 0.92. The company has a 50-day simple moving average of $203.21 and a 200-day simple moving average of $184.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.19 and a current ratio of 0.19. Reinsurance Group of America has a one year low of $135.07 and a one year high of $213.21.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Friday, May 3rd. The insurance provider reported $6.02 EPS for the quarter, beating the consensus estimate of $4.55 by $1.47. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. The firm had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the prior year, the company earned $5.16 EPS. On average, equities analysts forecast that Reinsurance Group of America will post 20.94 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP John W. Hayden sold 1,767 shares of Reinsurance Group of America stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $206.85, for a total value of $365,503.95. Following the transaction, the executive vice president now owns 16,490 shares in the company, valued at approximately $3,410,956.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Lindbrook Capital LLC raised its position in shares of Reinsurance Group of America by 129.9% during the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 87 shares during the last quarter. Pineridge Advisors LLC bought a new position in Reinsurance Group of America during the 4th quarter worth approximately $26,000. New Covenant Trust Company N.A. bought a new position in Reinsurance Group of America during the 1st quarter worth approximately $28,000. Rise Advisors LLC bought a new stake in shares of Reinsurance Group of America in the 1st quarter valued at $29,000. Finally, VisionPoint Advisory Group LLC increased its position in shares of Reinsurance Group of America by 116.3% during the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after buying an additional 114 shares during the period. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Company Profile

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