Shares of Reinsurance Group of America Inc (NYSE:RGA) have received a consensus recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $149.22.

A number of research firms have recently commented on RGA. ValuEngine lowered Reinsurance Group of America from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Zacks Investment Research raised Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $161.00 price target on the stock in a research report on Thursday, October 4th. Keefe, Bruyette & Woods raised Reinsurance Group of America from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a research report on Monday, July 30th. Credit Suisse Group dropped their price target on Reinsurance Group of America from $164.00 to $155.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 27th. Finally, Morgan Stanley dropped their price target on Reinsurance Group of America from $132.00 to $131.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 11th.

In other Reinsurance Group of America news, Director John J. Gauthier purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, July 31st. The shares were bought at an average price of $140.19 per share, with a total value of $140,190.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $280,380. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.69% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Reinsurance Group of America in the 2nd quarter valued at approximately $2,325,000. Swiss National Bank raised its position in Reinsurance Group of America by 3.3% in the 2nd quarter. Swiss National Bank now owns 213,100 shares of the insurance provider’s stock valued at $28,445,000 after buying an additional 6,900 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in Reinsurance Group of America by 65.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 19,056 shares of the insurance provider’s stock valued at $2,935,000 after buying an additional 7,520 shares during the last quarter. KAMES CAPITAL plc acquired a new stake in Reinsurance Group of America in the 2nd quarter valued at approximately $1,625,000. Finally, Robecosam AG acquired a new stake in Reinsurance Group of America in the 2nd quarter valued at approximately $133,000. 91.64% of the stock is currently owned by institutional investors.

Shares of RGA opened at $136.52 on Wednesday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.32. Reinsurance Group of America has a 1 year low of $131.72 and a 1 year high of $165.12. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 12.67 and a beta of 0.80.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, July 26th. The insurance provider reported $3.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.14 by ($0.04). Reinsurance Group of America had a return on equity of 7.99% and a net margin of 13.72%. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the business posted $2.95 EPS. Reinsurance Group of America’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts predict that Reinsurance Group of America will post 11.28 earnings per share for the current year.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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Analyst Recommendations for Reinsurance Group of America (NYSE:RGA)

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