Reinsurance Group of America (NYSE:RGA) Price Target Raised to $220.00 at JPMorgan Chase & Co.

Reinsurance Group of America (NYSE:RGA) had its price objective upped by analysts at JPMorgan Chase & Co. from $208.00 to $220.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 6.64% from the company’s current price.

A number of other research analysts also recently issued reports on RGA. Evercore ISI boosted their price target on Reinsurance Group of America from $225.00 to $241.00 and gave the company an “outperform” rating in a report on Wednesday, June 26th. Wells Fargo & Company increased their price target on shares of Reinsurance Group of America from $210.00 to $227.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Keefe, Bruyette & Woods upped their price objective on shares of Reinsurance Group of America from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Royal Bank of Canada reissued an “outperform” rating and set a $225.00 target price on shares of Reinsurance Group of America in a research note on Friday, June 14th. Finally, Jefferies Financial Group upped their price target on Reinsurance Group of America from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.73.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA traded down $16.69 during midday trading on Friday, reaching $206.31. The company had a trading volume of 1,227,157 shares, compared to its average volume of 371,740. The stock has a market cap of $13.57 billion, a P/E ratio of 16.03 and a beta of 0.92. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.46. Reinsurance Group of America has a 1 year low of $135.07 and a 1 year high of $227.87. The business’s 50-day simple moving average is $209.84 and its 200 day simple moving average is $193.16.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, August 1st. The insurance provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $4.94 by $0.54. Reinsurance Group of America had a return on equity of 15.94% and a net margin of 4.16%. The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter in the previous year, the company posted $4.40 earnings per share. The company’s revenue was up 17.4% compared to the same quarter last year. On average, analysts forecast that Reinsurance Group of America will post 21.11 earnings per share for the current fiscal year.

Insider Transactions at Reinsurance Group of America

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 transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RGA. Covestor Ltd grew its holdings in Reinsurance Group of America by 20.3% during the 1st quarter. Covestor Ltd now owns 374 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 63 shares in the last quarter. Toth Financial Advisory Corp boosted its holdings in shares of Reinsurance Group of America by 41.2% in the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after buying an additional 70 shares in the last quarter. Fiduciary Family Office LLC boosted its holdings in shares of Reinsurance Group of America by 3.1% in the 2nd quarter. Fiduciary Family Office LLC now owns 2,550 shares of the insurance provider’s stock valued at $523,000 after buying an additional 76 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Reinsurance Group of America by 16.5% in the 2nd quarter. GAMMA Investing LLC now owns 559 shares of the insurance provider’s stock valued at $115,000 after buying an additional 79 shares in the last quarter. Finally, Hilltop National Bank boosted its holdings in shares of Reinsurance Group of America by 13.1% in the 2nd quarter. Hilltop National Bank now owns 706 shares of the insurance provider’s stock valued at $145,000 after buying an additional 82 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

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.