Notable Reporting: Time to Reconsider Reinsurance Group of America Inc After Making All Time High?

Notable Reporting: Time to Reconsider Reinsurance Group of America Inc After Making All Time High?

The stock of Reinsurance Group of America Inc (NYSE:RGA) reached all time high today, Nov, 15 and still has $188.21 target or 59.00% above today’s $118.37 share price. This indicates more upside for the $7.72B company. This technical setup was reported by Barchart.com. If the $188.21 PT is reached, the company will be worth $4.55 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 51,988 shares traded hands. Reinsurance Group of America Inc (NYSE:RGA) has risen 22.60% since April 13, 2016 and is uptrending. It has outperformed by 18.68% 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. $108 is the highest target while $87 is the lowest. The $97.20 average target is -17.88% below today’s ($118.37) stock price. Reinsurance Group of America has been the topic of 13 analyst reports since November 17, 2015 according to StockzIntelligence Inc. The firm earned “Sell” rating on Tuesday, November 17 by Goldman Sachs. The stock of Reinsurance Group of America Inc (NYSE:RGA) earned “Neutral” rating by Credit Suisse on Friday, October 7. The rating was downgraded by JP Morgan to “Neutral” on Tuesday, October 4. Goldman Sachs upgraded the shares of RGA in a report on Wednesday, February 24 to “Neutral” rating. On Friday, September 23 the stock rating was initiated by Wells Fargo with “Market Perform”. The firm has “Sector Perform” rating given on Thursday, April 28 by RBC Capital Markets. As per Wednesday, April 6, the company rating was maintained by Citigroup. The rating was downgraded by Deutsche Bank to “Hold” on Wednesday, October 19. The firm earned “Buy” rating on Tuesday, January 5 by Deutsche Bank. The stock of Reinsurance Group of America Inc (NYSE:RGA) earned “Buy” rating by Goldman Sachs on Friday, July 15.

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.
Ftb Advisors holds 0% of its portfolio in Reinsurance Group of America Inc (NYSE:RGA) for 65 shares. Loews has 0% invested in the company for 6,200 shares. Blackrock Japan last reported 0% of its portfolio in the stock. Eagle Asset Management holds 0.04% of its portfolio in Reinsurance Group of America Inc (NYSE:RGA) for 61,967 shares. Fmr Limited Co holds 0.06% or 4.65M shares in its portfolio. Millennium Mgmt accumulated 127,075 shares or 0.03% of the stock. Hsbc Holdg Public Ltd Company has 135,374 shares for 0.04% of their US portfolio. Janus Capital Mgmt Ltd Liability Corporation reported 66,400 shares or 0.01% of all its holdings. South Dakota Inv Council last reported 0.19% of its portfolio in the stock. Stifel Corp owns 53,695 shares or 0.02% of their US portfolio. The Ontario – Canada-based Hillsdale Invest Mngmt has invested 0% in Reinsurance Group of America Inc (NYSE:RGA). Ig Inv Mgmt Ltd has 8,459 shares for 0% of their US portfolio. Fifth Third Natl Bank has invested 0.01% of its portfolio in Reinsurance Group of America Inc (NYSE:RGA). Virginia Retirement Et Al holds 0.02% or 14,200 shares in its portfolio. The Illinois-based Citadel Limited Liability Company has invested 0% in Reinsurance Group of America Inc (NYSE:RGA).

Insider Transactions: Since August 5, 2016, the stock had 0 insider purchases, and 6 selling transactions for $6.79 million net activity. The insider LARSON TODD C sold 2,355 shares worth $237,225. On Friday, August 5 WOODRING A GREIG sold $3.13M worth of the stock or 31,058 shares. On Friday, August 26 the insider Manning Anna sold $212,018. On Monday, August 29 Hayden John W. sold $209,575 worth of the stock or 1,988 shares. Neemeh Alain had sold 5,705 shares worth $614,200. 23,743 shares with value of $2.39M were sold by LAY JACK B on Tuesday, August 9.

More news for Reinsurance Group of America Inc (NYSE:RGA) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Tompkins Financial, Reinsurance Group of America and …” on November 02, 2016. Streetinsider.com‘s article titled: “Fitch Downgrades Reinsurance Group of America’s (RGA) IDR to ‘BBB+’; Outlook …” and published on July 01, 2016 is yet another important article.

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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