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Stock Charts AI Power Rank: 8.0
Power Rank trend -> Falling
09/06/2024 16:10:00 EST
Reinsurance Group of America (RGA)
Industry: Insurance - Reinsurance
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, RGA has been trading in a range between $220.76 and $201.73 (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.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
Reinsurance Group of America $RGA entered a Red zone 4 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $169.69, a potential down side of -20.05% from the recent price of 212.24. The stock is trading 6.89% (potential upside) below its 52 week high of $226.87 and 54.09 % (potential downside) above its 52 week low of $137.74 - 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.
News
| 4 Insurance Stocks to Add for Better Returns in Sluggish September Insurers - HRTG, AIZ, UNM and RGA - are poised to deliver better returns for investors banking on operational excellence. Source: Zacks Investment Research Fri, 06 Sep 2024 13:55:22 -0400 Sentiment: Neutral |
| Buy These 3 Insurance Stocks That Outperform the S&P 500 in a Year Insurance Stocks AIZ, RGA and ACGL outperform the industry, the sector and the S&P 500 composite, and look poised to retain the rally. Source: Zacks Investment Research Tue, 03 Sep 2024 10:06:05 -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 Fri, 30 Aug 2024 10:46:27 -0400 Sentiment: Positive |
| Reinsurance Group Stock Near 52-Week High: Time to Buy? New business volumes, favorable longevity experience, a diversified business, effective capital deployment and cheap valuation make RGA worth betting on. Source: Zacks Investment Research Thu, 29 Aug 2024 12:26:10 -0400 Sentiment: Positive |
| RGA Announces $3.5 Billion Coinsurance Transaction with American National Insurance Company ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced it has reached an agreement with American National Insurance Company and its affiliates (collectively, “American National”) to reinsure a diversified block of life business through a coinsurance arrangement. Under the agreement, approximately $3.5 billion of American National's statutory reserves will be transferred to subsidiaries of RGA. Policyholder. Source: Business Wire Tue, 27 Aug 2024 09:00:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 226.8711 52 Week Low: 137.7421 Beta: 0.912 50 Day MA: 211.12 200 Day MA: 189.6005 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.007 Qtr Revenue Growth YOY: 0.174 Forward PE: 8.9286 Trailing PE: 16.5039