Reinsurance Group of America (NYSE:RGA) PT Raised to $208.00 at JPMorgan Chase & Co.

Reinsurance Group of America (NYSE:RGA) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from $195.00 to $208.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 1.39% from the stock’s current price.

RGA has been the topic of a number of other research reports. Evercore ISI raised their price target on shares of Reinsurance Group of America from $225.00 to $241.00 and gave the company an “outperform” rating in a report on Wednesday, June 26th. UBS Group boosted their price target on Reinsurance Group of America from $223.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Morgan Stanley increased their price objective on Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Raymond James upped their target price on Reinsurance Group of America from $212.00 to $228.00 and gave the stock a “strong-buy” rating in a research report on Friday, June 14th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Reinsurance Group of America from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $221.18.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock traded up $0.11 during trading on Tuesday, hitting $205.15. The stock had a trading volume of 67,399 shares, compared to its average volume of 349,388. The business has a fifty day moving average of $203.58 and a two-hundred day moving average of $185.03. Reinsurance Group of America has a fifty-two week low of $135.07 and a fifty-two week high of $213.21. The firm has a market cap of $13.50 billion, a P/E ratio of 15.94 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.19 and a quick ratio of 0.19.

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

Insider Transactions at Reinsurance Group of America

In related news, EVP John W. Hayden sold 1,767 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 16,490 shares in the company, valued at $3,410,956.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Reinsurance Group of America

A number of hedge funds have recently made changes to their positions in RGA. Lindbrook Capital LLC boosted its position in shares of Reinsurance Group of America by 129.9% during the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 87 shares in the last quarter. Pineridge Advisors LLC acquired a new stake in Reinsurance Group of America during the fourth quarter valued at approximately $26,000. New Covenant Trust Company N.A. bought a new stake in shares of Reinsurance Group of America in the 1st quarter valued at approximately $28,000. Rise Advisors LLC acquired a new position in shares of Reinsurance Group of America in the 1st quarter worth approximately $29,000. Finally, VisionPoint Advisory Group LLC boosted its stake in Reinsurance Group of America by 116.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock valued at $31,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

About Reinsurance Group of America

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.