Reinsurance Group of America (NYSE:RGA) Price Target Cut to $250.00 by Analysts at Keefe, Bruyette & Woods

Reinsurance Group of America (NYSE:RGA) had its target price lowered by analysts at Keefe, Bruyette & Woods from $275.00 to $250.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 43.98% from the company’s previous close.

A number of other brokerages also recently weighed in on RGA. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Wells Fargo & Company increased their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Morgan Stanley lowered their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Finally, UBS Group reiterated a “neutral” rating and issued a $216.00 target price (down previously from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $230.15.

Reinsurance Group of America Trading Down 4.5 %

Shares of RGA opened at $173.64 on Wednesday. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. Reinsurance Group of America has a 1-year low of $159.25 and a 1-year high of $233.81. The stock has a market capitalization of $11.46 billion, a P/E ratio of 16.17 and a beta of 0.70. The business’s 50-day moving average price is $194.91 and its 200 day moving average price is $210.83.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. Analysts expect that Reinsurance Group of America will post 22.9 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Spire Wealth Management lifted its holdings in Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 57 shares during the last quarter. Colonial Trust Co SC boosted its holdings in shares of Reinsurance Group of America by 72.2% during the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock worth $29,000 after buying an additional 57 shares during the period. Keybank National Association OH grew its stake in Reinsurance Group of America by 2.6% in the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider’s stock valued at $500,000 after buying an additional 59 shares during the last quarter. Inspire Investing LLC grew its stake in Reinsurance Group of America by 0.5% in the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider’s stock valued at $3,039,000 after buying an additional 72 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its holdings in Reinsurance Group of America by 2.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider’s stock worth $715,000 after acquiring an additional 77 shares during the period. 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.