Reinsurance Group of America,’s (RGA) Hold Rating Reiterated at Wells Fargo & Company

Reinsurance Group of America, Incorporated (NYSE:RGA)‘s stock had its “hold” rating reaffirmed by research analysts at Wells Fargo & Company in a note issued to investors on Thursday, October 26th. They presently have a $131.00 price objective on the insurance provider’s stock. Wells Fargo & Company’s price target indicates a potential downside of 12.44% from the stock’s current price.

The analysts wrote, “We think shares will react favorably to the beat and strong underlying trends.  The war chest is still there; RGA is ready to take advantage of the Great Restructuring. After accounting for $27 million of share repurchase and a number of small in-force transactions, excess capital stood at $1.0 billion at September 30, same as at June 30. We think the life and annuity industry has entered a phase of rationalization where companies increasingly concentrate on product lines where they have competitive advantages and are able to deploy capital at highest returns.””

A number of other brokerages also recently commented on RGA. Zacks Investment Research downgraded shares of Reinsurance Group of America, from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Reinsurance Group of America, in a research report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price objective for the company. Royal Bank Of Canada set a $134.00 price objective on shares of Reinsurance Group of America, and gave the company a “hold” rating in a research report on Friday, July 28th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $137.00 price objective on shares of Reinsurance Group of America, in a research report on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $135.25.

Reinsurance Group of America, (NYSE:RGA) traded down $1.40 during trading on Thursday, reaching $149.62. 310,700 shares of the company were exchanged, compared to its average volume of 310,595. The company has a market capitalization of $9,550.00, a P/E ratio of 13.88, a P/E/G ratio of 1.52 and a beta of 0.80. Reinsurance Group of America, has a 1-year low of $114.78 and a 1-year high of $152.19. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.34.

Reinsurance Group of America, (NYSE:RGA) last released its earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.82. Reinsurance Group of America, had a net margin of 6.44% and a return on equity of 9.32%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter last year, the firm earned $2.46 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. analysts predict that Reinsurance Group of America, will post 11.07 earnings per share for the current fiscal year.

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In other news, EVP John P. Laughlin, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $149.96, for a total transaction of $149,960.00. Following the completion of the sale, the executive vice president now owns 27,277 shares in the company, valued at approximately $4,090,458.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John P. Laughlin, Jr. sold 1,941 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $140.77, for a total transaction of $273,234.57. Following the sale, the executive vice president now owns 28,218 shares of the company’s stock, valued at approximately $3,972,247.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,040 shares of company stock valued at $583,258. 1.47% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of RGA. Boston Partners raised its stake in Reinsurance Group of America, by 0.4% in the 3rd quarter. Boston Partners now owns 2,240,938 shares of the insurance provider’s stock worth $312,678,000 after purchasing an additional 7,824 shares in the last quarter. AJO LP raised its stake in Reinsurance Group of America, by 30.2% in the 2nd quarter. AJO LP now owns 1,748,038 shares of the insurance provider’s stock worth $224,431,000 after purchasing an additional 405,008 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Reinsurance Group of America, by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,117,646 shares of the insurance provider’s stock worth $155,945,000 after purchasing an additional 3,981 shares in the last quarter. Schroder Investment Management Group raised its stake in Reinsurance Group of America, by 7.1% in the 3rd quarter. Schroder Investment Management Group now owns 896,676 shares of the insurance provider’s stock worth $125,490,000 after purchasing an additional 59,385 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Reinsurance Group of America, by 65.9% in the 3rd quarter. Wells Fargo & Company MN now owns 791,981 shares of the insurance provider’s stock worth $110,504,000 after purchasing an additional 314,479 shares in the last quarter. Institutional investors own 90.63% 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.

Analyst Recommendations for Reinsurance Group of America, (NYSE:RGA)

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