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

Price Action Alert: 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, Nov, 22 and still has $124.73 target or 3.00% above today’s $121.10 share price. This indicates more upside for the $7.82 billion company. This technical setup was reported by Barchart.com. If the $124.73 PT is reached, the company will be worth $234.60 million 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 282,901 shares traded hands. Reinsurance Group of America Inc (NYSE:RGA) has risen 24.63% since April 20, 2016 and is uptrending. It has outperformed by 20.08% 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 rating was initiated by Deutsche Bank with “Buy” on Tuesday, January 5. Wells Fargo initiated the stock with “Market Perform” rating in Friday, September 23 report. The rating was initiated by RBC Capital Markets on Thursday, April 28 with “Sector Perform”. Goldman Sachs initiated Reinsurance Group of America Inc (NYSE:RGA) on Tuesday, November 17 with “Sell” rating. The company was upgraded on Friday, July 15 by Goldman Sachs. The firm has “Hold” rating given on Wednesday, October 19 by Deutsche Bank. The stock of Reinsurance Group of America Inc (NYSE:RGA) has “Neutral” rating given on Wednesday, April 6 by Citigroup. As per Tuesday, October 4, the company rating was downgraded by JP Morgan. Credit Suisse initiated Reinsurance Group of America Inc (NYSE:RGA) on Friday, October 7 with “Neutral” rating. The stock has “Neutral” rating given by Goldman Sachs on Wednesday, February 24.

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 decreased to 1.04 in Q2 2016. Its down 0.04, from 1.08 in 2016Q1. The ratio worsened, 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, State Of Tennessee Treasury Department has 0.02% invested in Reinsurance Group of America Inc (NYSE:RGA) for 42,600 shares. Paloma Partners Mgmt Co accumulated 0.01% or 7,594 shares. Allianz Asset Ag holds 204,273 shares or 0.01% of its portfolio. Bessemer Grp Incorporated, a New Jersey-based fund reported 95 shares. Goldman Sachs Gru holds 0.04% of its portfolio in Reinsurance Group of America Inc (NYSE:RGA) for 1.22M shares. Caisse De Depot Et Placement Du Quebec holds 0.38% or 1.53M shares in its portfolio. Moreover, Nomura Asset Limited has 0% invested in Reinsurance Group of America Inc (NYSE:RGA) for 1,530 shares. The United Kingdom-based Hsbc Public has invested 0.04% in Reinsurance Group of America Inc (NYSE:RGA). Synovus Fincl Corporation has invested 0% of its portfolio in Reinsurance Group of America Inc (NYSE:RGA). United Svcs Automobile Association has 5,290 shares for 0% of their US portfolio. Cibc Mkts Inc holds 0% of its portfolio in Reinsurance Group of America Inc (NYSE:RGA) for 2,354 shares. Lord Abbett Ltd Liability Com accumulated 0.06% or 209,498 shares. Bridgeway Mngmt Inc accumulated 79,900 shares or 0.12% of the stock. The Illinois-based Keeley Asset Corp has invested 0.08% in Reinsurance Group of America Inc (NYSE:RGA). Wright last reported 0.23% of its portfolio in the stock.

Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 6 insider sales for $6.79 million net activity. $237,225 worth of Reinsurance Group of America Inc (NYSE:RGA) was sold by LARSON TODD C on Friday, August 5. 31,058 Reinsurance Group of America Inc (NYSE:RGA) shares with value of $3.13M were sold by WOODRING A GREIG. 23,743 shares were sold by LAY JACK B, worth $2.39M on Tuesday, August 9. 2,015 shares were sold by Manning Anna, worth $212,018. On Monday, August 29 the insider Hayden John W. sold $209,575. Neemeh Alain had sold 5,705 shares worth $614,200.

Another recent and important Reinsurance Group of America Inc (NYSE:RGA) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: Tompkins Financial, Reinsurance Group of America and …” on November 02, 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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