Reinsurance Group of America (NYSE:RGA) Price Target Raised to $264.00 at Wells Fargo & Company

Reinsurance Group of America (NYSE:RGA) had its price target upped by stock analysts at Wells Fargo & Company from $263.00 to $264.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 32.27% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on RGA. Morgan Stanley reduced their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Piper Sandler decreased their price objective on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Barclays lowered their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus price target of $229.62.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock traded up $0.22 during mid-day trading on Tuesday, reaching $199.59. 16,779 shares of the stock traded hands, compared to its average volume of 543,332. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average of $214.67 and a 200 day moving average of $216.38. Reinsurance Group of America has a fifty-two week low of $171.84 and a fifty-two week high of $233.81. The stock has a market capitalization of $13.15 billion, a PE ratio of 18.70 and a beta of 0.93.

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

Institutional Investors Weigh In On Reinsurance Group of America

Several large investors have recently made changes to their positions in RGA. Mackenzie Financial Corp lifted its stake in Reinsurance Group of America by 28.5% during the fourth quarter. Mackenzie Financial Corp now owns 14,307 shares of the insurance provider’s stock valued at $3,056,000 after purchasing an additional 3,171 shares during the last quarter. Forum Financial Management LP raised its holdings in shares of Reinsurance Group of America by 7.6% during the fourth quarter. Forum Financial Management LP now owns 1,836 shares of the insurance provider’s stock valued at $392,000 after acquiring an additional 129 shares during the period. Public Employees Retirement System of Ohio grew its position in Reinsurance Group of America by 0.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 42,633 shares of the insurance provider’s stock worth $9,108,000 after purchasing an additional 113 shares in the last quarter. Vise Technologies Inc. purchased a new stake in shares of Reinsurance Group of America in the fourth quarter valued at $219,000. Finally, Mosaic Family Wealth Partners LLC raised its position in Reinsurance Group of America by 9.6% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 22,286 shares of the insurance provider’s stock valued at $4,761,000 after buying an additional 1,951 shares during the period. 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.