Reinsurance Group of America (RGA) to Release Quarterly Earnings on Thursday

Reinsurance Group of America (NYSE:RGA) is expected to issue its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $5.28 per share and revenue of $5.55 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping the consensus estimate of $5.31 by $0.82. The business had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted $5.57 EPS. On average, analysts expect Reinsurance Group of America to post $21 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Reinsurance Group of America Stock Performance

RGA opened at $229.32 on Thursday. The firm has a market cap of $15.10 billion, a PE ratio of 21.06 and a beta of 0.94. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $219.26 and a 200-day simple moving average of $216.80. Reinsurance Group of America has a fifty-two week low of $163.81 and a fifty-two week high of $233.81.

Analyst Ratings Changes

Several research firms have recently weighed in on RGA. Keefe, Bruyette & Woods raised Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. Piper Sandler raised their price objective on Reinsurance Group of America from $237.00 to $242.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Barclays reduced their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $228.31.

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.