The stock of Reinsurance Group of America Inc (NYSE:RGA) hit a new 52-week high and has $181.82 target or 52.00% above today’s $119.62 share price. The 5 months bullish chart indicates low risk for the $7.82B company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $181.82 price target is reached, the company will be worth $4.07 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 76,818 shares traded hands. Reinsurance Group of America Inc (NYSE:RGA) has risen 24.83% since April 14, 2016 and is uptrending. It has outperformed by 20.14% the S&P500.
Reinsurance Group of America Inc (NYSE:RGA) Ratings Coverage
Out of 7 analysts covering Reinsurance Group of America (NYSE:RGA), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. Reinsurance Group of America has been the topic of 13 analyst reports since November 17, 2015 according to StockzIntelligence Inc. The company was initiated on Tuesday, January 5 by Deutsche Bank. Wells Fargo initiated Reinsurance Group of America Inc (NYSE:RGA) on Friday, September 23 with “Market Perform” rating. The stock of Reinsurance Group of America Inc (NYSE:RGA) earned “Neutral” rating by Goldman Sachs on Wednesday, February 24. JP Morgan downgraded Reinsurance Group of America Inc (NYSE:RGA) on Tuesday, October 4 to “Neutral” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, April 28. The rating was initiated by Goldman Sachs with “Sell” on Tuesday, November 17. Goldman Sachs upgraded Reinsurance Group of America Inc (NYSE:RGA) rating on Friday, July 15. Goldman Sachs has “Buy” rating and $108 price target. Deutsche Bank downgraded the stock to “Hold” rating in Wednesday, October 19 report. Citigroup maintained it with “Neutral” rating and $95 target price in Wednesday, April 6 report. Credit Suisse initiated the shares of RGA in a report on Friday, October 7 with “Neutral” rating.
According to Zacks Investment Research, “Reinsurance Group of America, Inc. is primarily engaged in life reinsurance and international life and disability insurance on a direct and reinsurance basis. In addition, the company provides reinsurance of non-traditional business including asset-intensive products and financial reinsurance.”
Insitutional Activity: The institutional sentiment increased to 1.08 in Q2 2016. Its up 0.08, from 1 in 2016Q1. The ratio increased, as 19 funds sold all Reinsurance Group of America Inc shares owned while 119 reduced positions. 32 funds bought stakes while 117 increased positions. They now own 57.59 million shares or 8.67% less from 63.05 million shares in 2016Q1.
Moreover, Aperio Gru Ltd Liability has 0.11% invested in Reinsurance Group of America Inc (NYSE:RGA) for 150,888 shares. The Quebec – Canada-based Fiera has invested 0.01% in Reinsurance Group of America Inc (NYSE:RGA). Boston Prtn accumulated 0.26% or 1.84M shares. Oregon Employees Retirement Fund accumulated 27,812 shares or 0.06% of the stock. Harris Assoc Lp has 2.31 million shares for 0.45% of their US portfolio. First Personal Fincl last reported 105 shares in the company. Weaver C Barksdale And Assoc Inc has invested 0.08% of its portfolio in Reinsurance Group of America Inc (NYSE:RGA). Artemis Inv Mngmt Limited Liability Partnership has 31,724 shares for 0.05% of their US portfolio. Prudential Public has 200,900 shares for 0.08% of their US portfolio. Amp Cap Invsts Limited holds 0% of its portfolio in Reinsurance Group of America Inc (NYSE:RGA) for 4,700 shares. Citadel Ltd has 0% invested in the company for 29,932 shares. First Quadrant Ltd Partnership Ca holds 73,261 shares or 0.16% of its portfolio. Bnp Paribas Arbitrage has 0.02% invested in the company for 37,102 shares. Bnp Paribas Inv Prns holds 0% of its portfolio in Reinsurance Group of America Inc (NYSE:RGA) for 5,680 shares. Nwq Investment Ltd Company holds 247,321 shares or 0.41% of its portfolio.
Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 6 sales for $6.79 million net activity. 5,705 shares were sold by Neemeh Alain, worth $614,200 on Tuesday, November 1. LAY JACK B sold 23,743 shares worth $2.39 million. On Monday, August 29 the insider Hayden John W. sold $209,575. On Friday, August 5 the insider LARSON TODD C sold $237,225. WOODRING A GREIG also sold $3.13 million worth of Reinsurance Group of America Inc (NYSE:RGA) on Friday, August 5. Another trade for 2,015 shares valued at $212,018 was sold by Manning Anna.
More recent Reinsurance Group of America Inc (NYSE:RGA) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Tompkins Financial, Reinsurance Group of America and …” on November 02, 2016. Also Bizjournals.com published the news titled: “MIBW 2016: Anna Manning, president, Reinsurance Group of America” on August 12, 2016. Rttnews.com‘s news article titled: “Reinsurance Group Of America Inc Reveals 25% Rise In Q3 Bottom Line” with publication date: October 26, 2016 was also an interesting one.
RGA Company Profile
Reinsurance Group of America, Incorporated (RGA), incorporated on December 31, 1992, is an insurance holding company. The Firm provides traditional and non-traditional life and health reinsurance. The Firm has geographic or function divisions, including U.S. and Latin America; Canada; Europe, Middle East and Africa; Asia Pacific, and Corporate and Other. The Company’s geographic activities are further segmented into traditional and non-traditional businesses. The Company’s subsidiaries include Reinsurance Company of Missouri, Incorporated, RGA Americas Reinsurance Company, Ltd., RGA Reinsurance Company (Barbados) Ltd., RGA International Reinsurance Company Limited and RGA Reinsurance Company of Australia Limited. Traditional reinsurance includes individual and group life and health, disability, and critical illness reinsurance. Non-traditional reinsurance includes longevity reinsurance and asset-intensive reinsurance.
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