Favorable Press Coverage Somewhat Unlikely to Affect Reinsurance Group of America (RGA) Stock Price

News articles about Reinsurance Group of America (NYSE:RGA) have been trending positive on Saturday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Reinsurance Group of America earned a coverage optimism score of 0.43 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 45.6880496464341 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

RGA has been the topic of several analyst reports. Citigroup set a $171.00 price target on shares of Reinsurance Group of America and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Goldman Sachs Group initiated coverage on shares of Reinsurance Group of America in a research report on Wednesday, October 18th. They set a “buy” rating and a $153.00 price target on the stock. Zacks Investment Research raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $174.00 price target on the stock in a research report on Thursday, January 4th. Royal Bank of Canada upped their price target on shares of Reinsurance Group of America and gave the stock a “market perform” rating in a research report on Monday, October 30th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $160.00 price target (up from $150.00) on shares of Reinsurance Group of America in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Reinsurance Group of America presently has an average rating of “Hold” and an average target price of $146.88.

Reinsurance Group of America (NYSE:RGA) traded up $0.33 during trading hours on Friday, hitting $163.98. 240,112 shares of the company’s stock traded hands, compared to its average volume of 314,089. Reinsurance Group of America has a 12-month low of $121.93 and a 12-month high of $165.12. The firm has a market capitalization of $10,560.00, a P/E ratio of 13.51, a P/E/G ratio of 1.55 and a beta of 0.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.11 and a current ratio of 0.11.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, October 26th. The insurance provider reported $3.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the company earned $2.46 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. equities research analysts expect that Reinsurance Group of America will post 11.07 earnings per share for the current year.

In other Reinsurance Group of America news, Director Christine Rose Detrick sold 659 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $149.50, for a total value of $98,520.50. Following the transaction, the director now directly owns 4,023 shares in the company, valued at $601,438.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 27,277 shares in the company, valued at $4,090,458.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,159 shares of company stock worth $326,281. Corporate insiders own 1.47% of the company’s stock.

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Reinsurance Group of America Company Profile

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.

Insider Buying and Selling by Quarter for Reinsurance Group of America (NYSE:RGA)

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