Price Action To Observe: What’s Reinsurance Group of America Inc Upside After Achieving All Time High?

Price Action To Observe: What's Reinsurance Group of America Inc Upside After Achieving All Time High?

The stock of Reinsurance Group of America Inc (NYSE:RGA) reached all time high today, Oct, 18 and still has $140.45 target or 27.00% above today’s $110.59 share price. This indicates more upside for the $7.07 billion company. This technical setup was reported by Barchart.com. If the $140.45 PT is reached, the company will be worth $1.91 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 30,857 shares traded hands. Reinsurance Group of America Inc (NYSE:RGA) has risen 15.29% since March 15, 2016 and is uptrending. It has outperformed by 9.80% the S&P500.

Analysts await Reinsurance Group of America Inc (NYSE:RGA) to report earnings on November, 3. They expect $2.30 EPS, up 21.05% or $0.40 from last year’s $1.9 per share. RGA’s profit will be $147.04 million for 12.02 P/E if the $2.30 EPS becomes a reality. After $2.80 actual EPS reported by Reinsurance Group of America Inc for the previous quarter, Wall Street now forecasts -17.86% negative EPS growth.

Reinsurance Group of America Inc (NYSE:RGA) Ratings Coverage

Out of 6 analysts covering Reinsurance Group of America (NYSE:RGA), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. Reinsurance Group of America has been the topic of 12 analyst reports since November 17, 2015 according to StockzIntelligence Inc. On Wednesday, February 24 the stock rating was upgraded by Goldman Sachs to “Neutral”. The rating was initiated by Deutsche Bank on Tuesday, January 5 with “Buy”. Citigroup maintained it with “Neutral” rating and $95 target price in Wednesday, April 6 report. The stock has “Neutral” rating given by Credit Suisse on Friday, October 7. The rating was initiated by Wells Fargo on Friday, September 23 with “Market Perform”. Goldman Sachs initiated it with “Sell” rating and $88.0 target price in Tuesday, November 17 report. On Thursday, April 28 the stock rating was initiated by RBC Capital Markets with “Sector Perform”. The stock of Reinsurance Group of America Inc (NYSE:RGA) has “Neutral” rating given on Tuesday, October 4 by JP Morgan. Goldman Sachs upgraded it to “Buy” rating and $108 target price in Friday, July 15 report.

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.
Creative Planning has 1,136 shares for 0% of their US portfolio. Glenmede Na holds 13,922 shares or 0.01% of its portfolio. Janus Mgmt Ltd Limited Liability Company, a Colorado-based fund reported 66,400 shares. Aperio Limited Co holds 0.11% of its portfolio in Reinsurance Group of America Inc (NYSE:RGA) for 150,888 shares. Tiaa Cref Invest Ltd Liability Corp last reported 371,528 shares in the company. The New York-based Rafferty Asset Mgmt Ltd Liability Com has invested 0.05% in Reinsurance Group of America Inc (NYSE:RGA). The Missouri-based Crestpoint Capital Mngmt Ltd Liability Corporation has invested 0.12% in Reinsurance Group of America Inc (NYSE:RGA). Moreover, Arizona State Retirement System has 0.03% invested in Reinsurance Group of America Inc (NYSE:RGA) for 25,020 shares. Gemmer Asset Mngmt reported 125 shares or 0.01% of all its holdings. Aqr Capital Mngmt has 0.15% invested in the company for 869,799 shares. Blackrock Fund accumulated 0.05% or 2.21 million shares. Landscape Cap Mngmt Limited Liability Company owns 5,300 shares or 0.07% of their US portfolio. Art last reported 0.07% of its portfolio in the stock. Azimuth Cap Management Ltd holds 62,875 shares or 0.55% of its portfolio. Ibm Retirement Fund has invested 0.02% of its portfolio in Reinsurance Group of America Inc (NYSE:RGA).

Insider Transactions: Since May 11, 2016, the stock had 0 insider purchases, and 6 insider sales for $6.24 million net activity. 2,355 Reinsurance Group of America Inc (NYSE:RGA) shares with value of $237,225 were sold by LARSON TODD C. Hayden John W. sold $209,575 worth of Reinsurance Group of America Inc (NYSE:RGA) on Monday, August 29. Manning Anna sold $212,018 worth of stock. LAY JACK B also sold $2.39M worth of Reinsurance Group of America Inc (NYSE:RGA) on Tuesday, August 9. WOODRING A GREIG had sold 31,058 shares worth $3.13M on Friday, August 5. $60,000 worth of Reinsurance Group of America Inc (NYSE:RGA) was sold by Boot Arnoud W.A. on Wednesday, May 11.

More important recent Reinsurance Group of America Inc (NYSE:RGA) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Welltower, Reinsurance Group of America and Vornado …” on August 03, 2016, also Zacks.com published article titled: “3 Reasons Value Stock Investors Will Love Reinsurance Group of America (RGA)”, Streetinsider.com published: “Fitch Downgrades Reinsurance Group of America’s (RGA) IDR to ‘BBB+’; Outlook …” on July 01, 2016. More interesting news about Reinsurance Group of America Inc (NYSE:RGA) was released by: Bizjournals.com and their article: “MIBW 2016: Anna Manning, president, Reinsurance Group of America” with publication date: August 12, 2016.

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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