Media headlines about Reinsurance Group of America, (NYSE:RGA) have trended positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Reinsurance Group of America, earned a daily sentiment score of 0.45 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 46.0071115107793 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several research firms recently commented on RGA. Goldman Sachs Group, Inc. (The) began 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 target for the company. Zacks Investment Research raised shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $137.00 price target on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $134.00 price target on shares of Reinsurance Group of America, in a research note on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Reinsurance Group of America, has an average rating of “Hold” and an average price target of $132.71.
Shares of Reinsurance Group of America, (RGA) opened at 144.71 on Tuesday. Reinsurance Group of America, has a 12 month low of $106.68 and a 12 month high of $147.13. The firm has a market cap of $9.33 billion, a P/E ratio of 12.33 and a beta of 0.85. The firm has a 50-day moving average of $138.48 and a 200 day moving average of $132.29.
Reinsurance Group of America, (NYSE:RGA) last posted its earnings results on Thursday, July 27th. The insurance provider reported $2.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.51. Reinsurance Group of America, had a return on equity of 8.48% and a net margin of 6.33%. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the previous year, the company earned $2.80 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts anticipate that Reinsurance Group of America, will post $10.24 EPS for the current fiscal year.
In related news, Director Christine Rose Detrick sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $139.50, for a total value of $104,625.00. Following the completion of the sale, the director now directly owns 4,682 shares in the company, valued at approximately $653,139. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John P. Laughlin, Jr. sold 1,941 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $140.77, for a total value of $273,234.57. Following the completion of the sale, the executive vice president now owns 28,218 shares of the company’s stock, valued at $3,972,247.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,970 shares of company stock valued at $2,096,360. 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.
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