downgraded Reinsurance Group of America (NYSE:RGA) to Hold.


Reinsurance Group of America (NYSE:RGA), which was previously given a “buy” rating by Bloomberg research analysts, was given a “hold” rating in a research note that was distributed to investors on Saturday. This rating contrasts with the previous “buy” rating that was assigned. In addition to this, RGA has undergone a significant number of additional scientific studies and investigations. Barclays raised its price target on Reinsurance Group of America from $120.00 to $135.00 in a research report made publicly available on Tuesday, August 16.

In a research note made public on July 11, JPMorgan Chase & Co. said it raised its price target for Reinsurance Group of America from $131.00 to $136.00. The rating was made public by JPMorgan Chase & Co. Morgan Stanley raised its price target on Reinsurance Group of America from $135.00 to $140.00 in a research report made publicly available on Wednesday, August 17. . valuations of the company by the firm. A study made available to the public Thursday, June 2 by Credit Suisse Group indicated that the rating of Reinsurance Group of America had been raised. The previous rating of “underperformance” has been replaced by “neutral”. Additionally, the company raised its price target for the stock from $80.00 to $122.00.

In a research report published May 27, Piper Sandler moved Reinsurance Group of America from “underweight” to “overweight” in a research report. Piper Sandler didn’t limit her edits to just this side of the story. Seven analysts shared their thoughts on the stock, and of those seven, four suggested buying the company, five of them suggested keeping the stock, and two of them suggested selling the company. stock. According to Bloomberg, the company’s average rating is “Hold”, and the overall consensus price target for the company would be $129.27. NYSE RGA started trading at $127.70 on Friday.

Reinsurance Group of America hit an all-time high of $132.12 per share after falling to a 52-week low of $94.32 per share during the same period. The average stock price of the company over the past 50 days is $119.70 and the average stock price over the previous 200 days is $115.33. The quick ratio, the current ratio and the current ratio are all 0.12 at the same time, but the debt ratio is 0.62. The company’s price/earnings ratio is 32.17 and the stock beta is 1.00. The company’s market value is $8.55 billion. The Reinsurance Group of America (NYSE: RGA) earnings report was made publicly available on August 4.

The insurance provider reported earnings of $5.78 per share for the prior quarter, $3.08 above the median expectation of $2.70 per share. The Reinsurance Group of America posted a return on equity of 3.02% and the company’s net margin reached 1.66%. The company made $4.00 per share at the same time the year before. The current fiscal year is expected to generate earnings of $12.04 per share for Reinsurance Group of America. These projections are based on the findings of market experts.

According to information from Reinsurance Group of America, Chief Financial Officer Todd C. Larson sold 2,729 shares on Friday, August 12. This transaction has been mentioned in previous news about the company. The total value of the shares sold was $357,908.35 and it was sold for $131.15 per share, on average. The deal allowed the CFO to acquire direct ownership of 36,921 shares. These shares are currently trading at a price corresponding to a market value of $4,842,189.15.

Disclosure of the transaction was made public by the Securities and Exchange Commission in the form of a filing, which can be obtained by following the link provided here: Insiders hold 1.55% of the company’s total shares . The past few months have seen several changes implemented by various institutional investors, including hedge funds and other types, regarding how they invest in RGA.

During the fiscal quarter that ended December 31, Cambridge Stake Research Advisors, Inc. added a new investment in the Reinsurance Group of America of $211,000 to its portfolio. Envestnet Asset Management Inc. increased the amount of Reinsurance Group of America shares held by 4.8% during the fourth and final quarter of 2018.

The insurance provider now has 82,441 shares held by Envestnet Asset Management Inc. following the acquisition of 3,746 additional shares during the last fiscal quarter. These 82,441 stocks are worth a total of $9,026,000 when combined as a whole. In the fourth quarter of 2018, SG Americas Securities LLC increased its stake in Reinsurance Group of America by 115.5% compared to the previous quarter. SG Americas Securities LLC now owns 6,044 shares of the insurance provider’s company after purchasing an additional 3,239 shares in the previous quarter. Shares in the company are currently valued at a combined total of $622,000.

Following the acquisition of 1,366 additional shares in the last quarter, ProShare Advisors LLC now owns 11,929 shares of the insurance provider, or $1,306,000. In the fourth and final quarter of 2018, First Trust Advisors LP saw a 56.9% increase in the proportion of Reinsurance Group of America shares it held. This is by no means the least important of these developments. First Trust Advisors LP now owns 172,692 shares of the insurance provider, which have a market value of $18,908,000 after purchasing an additional 62,640 shares in the last quarter.

This brings the total number of shares the company has acquired to a total of 172,692. Institutional investors collectively own 96.37% of the company’s shares. The company, known as Reinsurance Group of America, Inc., is in the business of providing reinsurance to customers. Both private and public clients can take advantage of the company’s financial and asset-intensive reinsurance products.

It also sells products such as term life insurance, creditor insurance, universal life insurance, group life and health insurance, joint and last survivor insurance, critical illness insurance, disability insurance and longevity insurance.


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