Reinsurance Group of America (NYSE:RGA) Price Target Cut to $233.00 by Analysts at Morgan Stanley

Reinsurance Group of America (NYSE:RGA) had its price objective decreased by investment analysts at Morgan Stanley from $245.00 to $233.00 in a report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 16.66% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Piper Sandler cut their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their price objective on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Finally, Barclays decreased their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.08.

Reinsurance Group of America Stock Performance

NYSE RGA opened at $199.72 on Friday. Reinsurance Group of America has a 12-month low of $167.80 and a 12-month high of $233.81. The firm has a 50-day moving average price of $216.39 and a two-hundred day moving average price of $216.67. The company has a market capitalization of $13.15 billion, a P/E ratio of 18.60 and a beta of 0.93. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA) last issued 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 return on equity of 14.80% and a net margin of 3.24%. Analysts anticipate that Reinsurance Group of America will post 23.14 earnings per share for the current year.

Institutional Trading of Reinsurance Group of America

Several hedge funds and other institutional investors have recently made changes to their positions in RGA. Vanguard Group Inc. boosted its position in Reinsurance Group of America by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider’s stock worth $1,541,121,000 after buying an additional 51,733 shares during the period. FMR LLC raised its stake in shares of Reinsurance Group of America by 11.1% during the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider’s stock valued at $1,205,042,000 after acquiring an additional 564,693 shares during the last quarter. WCM Investment Management LLC lifted its holdings in shares of Reinsurance Group of America by 1.4% during the fourth quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider’s stock worth $526,911,000 after purchasing an additional 33,082 shares during the period. Alliancebernstein L.P. grew its stake in shares of Reinsurance Group of America by 389.4% in the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider’s stock worth $239,911,000 after purchasing an additional 893,537 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Reinsurance Group of America by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider’s stock valued at $238,031,000 after purchasing an additional 4,106 shares during the period. 95.11% of the stock is currently 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.