Reinsurance Group Of America, Inc (NYSE: RGA) has a higher price-to-earnings ratio of 17.07x compared to its average ratio. RGA has 36-month beta value of 0.91. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for RGA is 65.59M, and currently, short sellers hold a 0.48% ratio of that float. The average trading volume of RGA on November 01, 2024 was 341.88K shares.
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RGA) stock’s latest price update
Reinsurance Group Of America, Inc (NYSE: RGA) has experienced a rise in its stock price by 3.63 compared to its previous closing price of 211.08. However, the company has seen a gain of 3.95% in its stock price over the last five trading days. zacks.com reported 2024-11-01 that SOHO, FRFHF and RGA made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 1, 2024.
RGA’s Market Performance
RGA’s stock has risen by 3.95% in the past week, with a monthly rise of 1.91% and a quarterly rise of 13.57%. The volatility ratio for the week is 1.60% while the volatility levels for the last 30 days are 1.82% for Reinsurance Group Of America, Inc The simple moving average for the past 20 days is 1.88% for RGA’s stock, with a 9.38% simple moving average for the past 200 days.
Analysts’ Opinion of RGA
Many brokerage firms have already submitted their reports for RGA stocks, with TD Cowen repeating the rating for RGA by listing it as a “Hold.” The predicted price for RGA in the upcoming period, according to TD Cowen is $235 based on the research report published on October 09, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see RGA reach a price target of $255. The rating they have provided for RGA stocks is “Overweight” according to the report published on September 05th, 2024.
Jefferies gave a rating of “Buy” to RGA, setting the target price at $189 in the report published on December 11th of the previous year.
RGA Trading at 1.45% 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 -4.00% of loss for the given period.
Volatility was left at 1.82%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares sank -0.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.76% upper at present.
During the last 5 trading sessions, RGA rose by +3.48%, which changed the moving average for the period of 200-days by +29.38% in comparison to the 20-day moving average, which settled at $214.66. In addition, Reinsurance Group Of America, Inc saw 35.21% 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 HUTTON WILLIAM L, who sale 1,209 shares at the price of $218.97 back on Sep 23 ’24. After this action, HUTTON WILLIAM L now owns 12,357 shares of Reinsurance Group Of America, Inc, valued at $264,735 using the latest closing price.
HUTTON WILLIAM L, the Officer of Reinsurance Group Of America, Inc, proposed sale 1,209 shares at $218.97 during a trade that took place back on Sep 23 ’24, which means that HUTTON WILLIAM L is holding shares at $264,738 based on the most recent closing price.
Stock Fundamentals for RGA
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.95 for the gross margin
The net margin for Reinsurance Group Of America, Inc stands at 0.03. The total capital return value is set at -0.0. Equity return is now at value 9.78, with 0.90 for asset returns.
Based on Reinsurance Group Of America, Inc (RGA), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 1.76. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is -0.01.
Currently, EBITDA for the company is -7.0 million with net debt to EBITDA at 0.57. When we switch over and look at the enterprise to sales, we see a ratio of 0.68. The receivables turnover for the company is 4.27for trailing twelve months and the total asset turnover is 0.21.
Conclusion
To put it simply, Reinsurance Group Of America, Inc (RGA) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
