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Last Price: 209.23 - Change: -0.4 - Change %: -0.1908
05/24/2024 16:10:00 EST

Reinsurance Group of America (RGA)

Industry: Insurance - Reinsurance

Price Support Resistance

In the past 20 trading days, RGA has been trading in a range between $212.37 and $186.23 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

RGA is trading below resistance at $212.37, about 2% to the upside. There is support at $185.28 -11% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Reinsurance Group of America $RGA entered a Green zone 26 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $169.69, a potential down side of -19.05% from the recent price of 209.63. The stock is trading 1.71% (potential upside) below its 52 week high of $213.21 and 57.83 % (potential downside) above its 52 week low of $132.82 - based on the recent price.

Company Summary

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. It also provides reinsurance for mortality, morbidity, lapse, and investment-related risk associated with products; and reinsurance for investment-related risks.

RGA Website

News

RGA Announces 100 Billion JPY Coinsurance Transaction With Anshin Life
TOKYO--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced it has reached an agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life) to reinsure an approximately 100 billion JPY paid-up block of whole life policies through coinsurance. “Our ongoing partnership with Anshin Life is a testament to RGA's strategic commitment to the Japanese market and our understanding of its distinctive requir.
Source: Business Wire
Fri, 24 May 2024 16:30:00 -0400
Sentiment: Neutral
Why You Should Retain Reinsurance Group (RGA) Stock Now
Reinsurance Group (RGA) gains from improved pricing, a solid in-force business, an improving interest rate environment, favorable growth estimates and prudent capital deployment.
Source: Zacks Investment Research
Tue, 21 May 2024 11:00:39 -0400
Sentiment: Positive
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.
Source: Zacks Investment Research
Mon, 20 May 2024 10:45:56 -0400
Sentiment: Positive
AM Best Assigns Issue Credit Rating to Reinsurance Group of America, Incorporated's New Senior Unsecured Notes
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a-” (Excellent) to the $650 million, 5.75% senior unsecured notes, due Sept. 15, 2034, recently issued by Reinsurance Group of America, Incorporated (RGA) (Chesterfield, MO) [NYSE: RGA]. The outlook assigned to this Credit Rating (rating) is stable. All other ratings of RGA and its insurance subsidiaries remain unchanged. The proceeds from the sale of the notes will be used to pay for general.
Source: Business Wire
Thu, 16 May 2024 17:04:00 -0400
Sentiment: Neutral
Reinsurance Group of America to Host Investor Day
ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA) will host a conference for institutional investors and analysts at The St. Regis in New York City on Thursday, June 13, 2024, from 8:30 a.m. to 11:00 a.m. Eastern time. The presentation materials and a link for the live audio webcast will be accessible at www.rgare.com under the Investors tab the morning of the event. A recording of the audio webcast will be made available and posted to the website after the even.
Source: Business Wire
Thu, 16 May 2024 09:00:00 -0400
Sentiment: Neutral
Instituions Institution %: 97.301
Last QTR Institution change: -30559

Insiders
Insiders %: 0.404
Insiders Purchases last QTR: 440
Insiders Sales last QTR: 8739
Insiders Net last QTR: -8299

Analyst Ratings
Target Price: 169.69
Overall Rating: 4.3636
Strong Buys (5): 6
Buys (4): 3
Holds (3): 2
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 213.21
52 Week Low: 132.8229
Beta: 0.884
50 Day MA: 194.7482
200 Day MA: 167.0138

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.151
Qtr Revenue Growth YOY: 0.491
Forward PE: 9.0498
Trailing PE: 16.232

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