Reinsurance Group of America Inc (RGA) was Initiated by RBC Capital Mkts to “Sector Perform” and the brokerage firm has set the Price Target at $96. RBC Capital Mkts advised their investors in a research report released on Apr 28, 2016.
Many Wall Street Analysts have commented on Reinsurance Group of America Inc. Reinsurance Group of America Inc was Upgraded by Goldman to ” Neutral” on Feb 24, 2016.
On the company’s financial health, Reinsurance Group of America Inc reported $1.85 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $1.96. The company had revenue of $2512.57 million for the quarter, compared to analysts expectations of $2630.47 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.77 EPS.
Reinsurance Group of America Inc opened for trading at $96.74 and hit $97.96 on the upside on Wednesday, eventually ending the session at $96.96, with a gain of 0.15% or 0.15 points. The heightened volatility saw the trading volume jump to 4,13,953 shares. Company has a market cap of $6,323 M.
In a different news, on Aug 17, 2015, A Greig Woodring (President & CEO) sold 37,911 shares at $97.04 per share price. According to the SEC, on Aug 11, 2015, John W. Hayden (SVP, Controller) sold 2,190 shares at $96.87 per share price. On May 14, 2015, Todd C Larson (EVP -Global Chief Risk Officer) sold 1,483 shares at $93.43 per share price, according to the Form-4 filing with the securities and exchange commission.
Reinsurance Group of America Incorporated (RGA) is an insurance holding company. The Company provides traditional and non-traditional life and health reinsurance. The Company has five geographic-based or function-based segments: U.S. and Latin America; Canada; Europe Middle East and Africa; Asia Pacific and Corporate and Other. The U.S. and Latin America operations are further segmented into traditional and non-traditional businesses. The Companys 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 among others. The Company is primarily engaged in the reinsurance of individual and group coverages for traditional life and health longevity disability asset-intensive and critical illness products and financial reinsurance.