Media headlines about Reinsurance Group of America (NYSE:RGA) have been trending positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Reinsurance Group of America earned a news sentiment score of 0.46 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 46.6357706714698 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Morgan Stanley decreased their price objective on shares of Reinsurance Group of America from $138.00 to $135.00 and set an “underweight” rating for the company in a report on Thursday, April 5th. Wells Fargo reiterated a “market perform” rating and set a $165.00 price objective (up previously from $160.00) on shares of Reinsurance Group of America in a report on Wednesday, January 31st. Finally, UBS assumed coverage on shares of Reinsurance Group of America in a report on Friday, March 2nd. They set a “neutral” rating and a $168.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $150.11.
RGA traded up $1.27 on Monday, reaching $152.51. 191,909 shares of the company traded hands, compared to its average volume of 366,488. Reinsurance Group of America has a one year low of $121.93 and a one year high of $165.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $9,752.17, a price-to-earnings ratio of 14.07, a PEG ratio of 1.35 and a beta of 0.74.
In other news, Director Alan C. Henderson sold 556 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $148.84, for a total value of $82,755.04. Following the completion of the sale, the director now owns 19,862 shares in the company, valued at approximately $2,956,260.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Arnoud W.A. Boot sold 400 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $155.26, for a total transaction of $62,104.00. Following the completion of the sale, the director now owns 6,357 shares of the company’s stock, valued at approximately $986,987.82. The disclosure for this sale can be found here. Insiders own 1.76% 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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