Reinsurance Group of America
About: Reinsurance Group of America Inc is an insurance holding company with operations in the United States, Latin America, Canada, Europe, Africa, Asia, and Australia. The core products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development. The company's operations are divided into traditional and financial solution businesses.
Employees: 3,900
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
253% more call options, than puts
Call options by funds: $14.9M | Put options by funds: $4.23M
4% more repeat investments, than reductions
Existing positions increased: 232 | Existing positions reduced: 223
2% more capital invested
Capital invested by funds: $13.1B [Q2] → $13.4B (+$302M) [Q3]
0% less funds holding
Funds holding: 603 [Q2] → 600 (-3) [Q3]
4% less first-time investments, than exits
New positions opened: 72 | Existing positions closed: 75
3.52% less ownership
Funds ownership: 97.32% [Q2] → 93.81% (-3.52%) [Q3]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$222
7%
upside
Avg. target
$242
17%
upside
High target
$255
23%
upside
7 analyst ratings
5 positive
71%
2 neutral
29%
0 negative
0%
Barclays Alex Scott 56% 1-year accuracy 32 / 57 met price target | 23%upside $255 | Overweight Maintained | 22 Nov 2024 |
RBC Capital Scott Heleniak 76% 1-year accuracy 41 / 54 met price target | 18%upside $245 | Outperform Maintained | 4 Nov 2024 |
Wells Fargo Elyse Greenspan 57% 1-year accuracy 52 / 91 met price target | 18%upside $244 | Overweight Maintained | 10 Oct 2024 |
TD Cowen Andrew Kligerman 62% 1-year accuracy 8 / 13 met price target | 13%upside $235 | Hold Initiated | 9 Oct 2024 |
JP Morgan Jimmy Bhullar 55% 1-year accuracy 18 / 33 met price target | 7%upside $222 | Neutral Maintained | 3 Oct 2024 |
Financial journalist opinion
Based on 4 articles about RGA published over the past 30 days
Positive
Zacks Investment Research
1 week ago
Should Value Investors Buy Reinsurance Group of America (RGA) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Positive
Zacks Investment Research
3 weeks ago
Reinsurance Group (RGA) Upgraded to Buy: Here's What You Should Know
Reinsurance Group (RGA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Positive
Zacks Investment Research
4 weeks ago
Are Investors Undervaluing Reinsurance Group of America (RGA) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Positive
Zacks Investment Research
4 weeks ago
Reinsurance Group Stock Rises 41.6% YTD: Will the Rally Last?
New business volumes, favorable longevity experience, a diversified business, effective capital deployment and higher return on capital poise RGA for growth.
Positive
Zacks Investment Research
4 weeks ago
Manulife and Reinsurance Group Sign Reinsurance Agreement
MFC inks a $5.4 billion reinsurance agreement with RGA to optimize the portfolio and release capital to distribute wealth to its shareholders.
Neutral
MarketBeat
1 month ago
3 Stocks Generating a Ridiculous Amount of Cash
The ultimate goal of a business is to generate cash for its shareholders. Investors often consider net income the “bottom line” of a business, indicating how much profit it makes.
Neutral
Business Wire
1 month ago
RGA Announces US$4.1 Billion Coinsurance Transaction With Manulife
ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, and John Hancock, a subsidiary of Manulife Financial Corporation (Manulife), a leading international financial services group, announced today an agreement to reinsure approximately US$4.1 billion in liabilities comprising $1.9 billion in long-term care (LTC) and $2.2 billion in structured settlements. This latest transaction builds on RGA's long-standing strategic par.
Neutral
PRNewsWire
1 month ago
Manulife announces $5.4 billion reinsurance transaction, including $2.4 billion of long-term care, with RGA
Transacting on a younger LTC block further validates LTC reserves and assumptions Another milestone transaction that optimizes our portfolio $0.8 billion capital release will be returned to shareholders via share buybacks Conference call to be held Thursday, November 21, 2024, at 8:00 a.m. ET; details below TSX/NYSE/PSE: MFC SEHK: 945 C$ unless otherwise stated TORONTO , Nov. 20, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") announced today that it has entered into a $5.4 billion 1 reinsurance agreement with Reinsurance Group of America ("RGA"), including $2.4 billion of long-term care ("LTC") reserves.
Positive
Seeking Alpha
1 month ago
Reinsurance Group of America: Best In Industry But High Valuation
Reinsurance Group of America has thrived on strong underwriting performance, pension-risk transfer, and longevity markets, with a 43% YTD stock increase and a 17% average annual return over the past decade. Its niche focus on life and health reinsurance, coupled with a conservative investment strategy, supports long-term stability but suggests limited near-term upside. Despite the impressive performance, RGA warrants a Hold rating due to elevated valuation metrics, risk profile, and a conservative price target range of $200–$220.
Neutral
Business Wire
1 month ago
RGA Launches Aspire, a Cutting-Edge Health Insurance Administration Platform in UAE
DUBAI, United Arab Emirates--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced the launch of Aspire - a licensed third-party administrator based in the United Arab Emirates (UAE). Developed in partnership with technology provider CarePay, Aspire offers an innovative platform aimed at transforming health insurance portfolio management for insurance companies. The state-of-the-art Aspire platform facilitates real-t.
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