Royal Bank Of Canada Analysts Give Reinsurance Group of America, Incorporated (RGA) a $134.00 Price Target

Royal Bank Of Canada set a $134.00 target price on Reinsurance Group of America, Incorporated (NYSE:RGA) in a research note published on Friday. The brokerage currently has a hold rating on the insurance provider’s stock.

RGA has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Reinsurance Group of America, from a hold rating to a buy rating and set a $145.00 target price for the company in a research note on Friday, July 7th. Jefferies Group LLC lowered their target price on shares of Reinsurance Group of America, from $80.00 to $77.00 and set a hold rating for the company in a research note on Monday, May 1st. Keefe, Bruyette & Woods reiterated a hold rating and issued a $125.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, April 6th. Finally, Wells Fargo & Company reiterated a hold rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $123.22.

Reinsurance Group of America, (RGA) traded up 3.66% on Friday, hitting $139.20. 262,837 shares of the stock traded hands. The company has a market capitalization of $8.96 billion, a PE ratio of 11.70 and a beta of 0.82. The firm has a 50-day moving average price of $130.22 and a 200-day moving average price of $127.42. Reinsurance Group of America, has a 12 month low of $96.56 and a 12 month high of $139.35.

Reinsurance Group of America, (NYSE:RGA) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.51. Reinsurance Group of America, had a net margin of 6.33% and a return on equity of 8.61%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same period last year, the business earned $2.80 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. Analysts forecast that Reinsurance Group of America, will post $9.66 earnings per share for the current year.

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In other Reinsurance Group of America, news, EVP Timothy T. Matson acquired 500 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was acquired at an average cost of $127.39 per share, for a total transaction of $63,695.00. Following the purchase, the executive vice president now owns 2,430 shares in the company, valued at approximately $309,557.70. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.47% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in RGA. UBS Asset Management Americas Inc. boosted its stake in shares of Reinsurance Group of America, by 99.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 147,863 shares of the insurance provider’s stock valued at $18,604,000 after buying an additional 73,733 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Reinsurance Group of America, by 132.8% in the first quarter. Stifel Financial Corp now owns 7,532 shares of the insurance provider’s stock valued at $962,000 after buying an additional 4,297 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Reinsurance Group of America, during the fourth quarter valued at approximately $269,000. Pensionfund Sabic acquired a new stake in shares of Reinsurance Group of America, during the first quarter valued at approximately $1,460,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Reinsurance Group of America, by 61.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 36,432 shares of the insurance provider’s stock valued at $4,626,000 after buying an additional 13,900 shares during the last quarter. Institutional investors and hedge funds own 93.12% of the company’s stock.

About Reinsurance Group of America,

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.