Reinsurance Group Of America, Inc. (NYSE: RGA) has seen a rise in its stock price by 1.22 in relation to its previous close of 203.90. However, the company has experienced a 2.52% gain in its stock price over the last five trading sessions. zacks.com reported 2024-06-17 that RGA, AMSC and EAT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 17, 2024.
Is It Worth Investing in Reinsurance Group Of America, Inc. (NYSE: RGA) Right Now?
Reinsurance Group Of America, Inc. (NYSE: RGA) has a price-to-earnings ratio of 16.12x that is above its average ratio. Additionally, the 36-month beta value for RGA is 0.91. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
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The public float for RGA is 65.50M and currently, short sellers hold a 0.54% ratio of that float. The average trading volume of RGA on June 19, 2024 was 353.87K shares.
RGA’s Market Performance
The stock of Reinsurance Group Of America, Inc. (RGA) has seen a 2.52% increase in the past week, with a -2.82% drop in the past month, and a 12.07% gain in the past quarter. The volatility ratio for the week is 2.06%, and the volatility levels for the past 30 days are at 1.70% for RGA. The simple moving average for the last 20 days is -0.05% for RGA stock, with a simple moving average of 20.00% for the last 200 days.
Analysts’ Opinion of RGA
Many brokerage firms have already submitted their reports for RGA stocks, with Jefferies repeating the rating for RGA by listing it as a “Buy.” The predicted price for RGA in the upcoming period, according to Jefferies is $189 based on the research report published on December 11, 2023 of the previous year 2023.
Jefferies, on the other hand, stated in their research note that they expect to see RGA reach a price target of $160, previously predicting the price at $170. The rating they have provided for RGA stocks is “Hold” according to the report published on June 23rd, 2023.
Raymond James gave a rating of “Strong Buy” to RGA, setting the target price at $199 in the report published on June 07th of the previous year.
RGA Trading at 3.56% from the 50-Day Moving Average
After a stumble in the market that brought RGA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.20% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares sank -1.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.88% upper at present.
During the last 5 trading sessions, RGA rose by +2.52%, which changed the moving average for the period of 200-days by +48.89% in comparison to the 20-day moving average, which settled at $206.32. In addition, Reinsurance Group Of America, Inc. saw 27.57% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RGA starting from Hayden John W., who sale 1,767 shares at the price of $206.85 back on May 14 ’24. After this action, Hayden John W. now owns 16,490 shares of Reinsurance Group Of America, Inc., valued at $365,504 using the latest closing price.
LARSON TODD C, the SEVP, Chief Financial Officer of Reinsurance Group Of America, Inc., sale 3,750 shares at $181.26 during a trade that took place back on Mar 08 ’24, which means that LARSON TODD C is holding 48,437 shares at $679,725 based on the most recent closing price.
Stock Fundamentals for RGA
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.95 for the gross margin
The net margin for Reinsurance Group Of America, Inc. stands at 0.04. The total capital return value is set at 0.01. Equity return is now at value 10.06, with 0.92 for asset returns.
Based on Reinsurance Group Of America, Inc. (RGA), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 1.85. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is 3.61.
Currently, EBITDA for the company is -7.0 million with net debt to EBITDA at -2.63. When we switch over and look at the enterprise to sales, we see a ratio of 0.58. The receivables turnover for the company is 3.93for trailing twelve months and the total asset turnover is 0.21.
Conclusion
In conclusion, Reinsurance Group Of America, Inc. (RGA) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
