Wells Fargo & Company Has Lowered Expectations for Reinsurance Group of America (NYSE:RGA) Stock Price

Reinsurance Group of America (NYSE:RGA) had its price objective lowered by research analysts at Wells Fargo & Company from $264.00 to $246.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price target points to a potential upside of 41.51% from the stock’s previous close.

RGA has been the subject of several other research reports. UBS Group reissued a “neutral” rating and issued a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Evercore ISI reduced their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Morgan Stanley decreased their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $230.15.

Reinsurance Group of America Stock Performance

Shares of RGA traded down $8.06 during trading hours on Thursday, hitting $173.84. The stock had a trading volume of 233,508 shares, compared to its average volume of 512,276. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of 16.19 and a beta of 0.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The firm has a 50-day moving average price of $196.00 and a 200 day moving average price of $211.15. Reinsurance Group of America has a fifty-two week low of $159.25 and a fifty-two week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. As a group, research analysts anticipate that Reinsurance Group of America will post 22.9 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Colonial Trust Co SC raised its stake in shares of Reinsurance Group of America by 72.2% in the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 57 shares during the period. Spire Wealth Management raised its position in Reinsurance Group of America by 39.0% in the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 57 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Reinsurance Group of America in the fourth quarter valued at approximately $44,000. Versant Capital Management Inc lifted its stake in Reinsurance Group of America by 38.1% during the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 80 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Reinsurance Group of America by 99.4% during the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock worth $66,000 after buying an additional 155 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.