Reinsurance Group of America Inc(NYSE:RGA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $3.04B. Analysts estimated a revenue of $2.72B. Earnings per share were $2.80. Analysts had estimated an EPS of $2.29.
In a different note, On Jul 15, 2016, Goldman Sachs said it Upgrades its rating on Reinsurance Group of America Inc. In the research note, the firm Raises the price-target to $96.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on Reinsurance Group of America Inc. In the research note, the firm Raises the price-target to $97.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 7, 2016, Deutsche Bank said it Maintains its rating on Reinsurance Group of America Inc. In the research note, the firm Raises the price-target to $98.00 per share. The shares have been rated ‘Buy’ by the firm.
Reinsurance Group of America Inc (RGA) made into the market gainers list on Thursdays trading session with the shares advancing 0.05% or 0.05 points. Due to strong positive momentum, the stock ended at $99.68, which is also near the day’s high of $99.925. The stock began the session at $99.73 and the volume stood at 2,20,256 shares. The 52-week high of the shares is $99.925 and the 52 week low is $76.96. The company has a current market capitalization of $6,386 M and it has 6,40,66,676 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Aug 17, 2015, A Greig Woodring (President & CEO) sold 37,911 shares at $97.04 per share price.Also, On Aug 11, 2015, John W. Hayden (SVP, Controller) sold 2,190 shares at $96.87 per share price.On May 14, 2015, Todd C Larson (EVP -Global Chief Risk Officer) sold 1,483 shares at $93.43 per share price, according to the Form-4 filing with the securities and exchange commission.
Reinsurance Group of America Incorporated (RGA) is an insurance holding company. The Company provides traditional and non-traditional life and health reinsurance. The Company has five geographic-based or function-based segments: U.S. and Latin America; Canada; Europe Middle East and Africa; Asia Pacific and Corporate and Other. The U.S. and Latin America operations are further segmented into traditional and non-traditional businesses. The Companys subsidiaries include Reinsurance Company of Missouri Incorporated RGA Americas Reinsurance Company Ltd. RGA Reinsurance Company (Barbados) Ltd. RGA International Reinsurance Company Limited and RGA Reinsurance Company of Australia Limited among others. The Company is primarily engaged in the reinsurance of individual and group coverages for traditional life and health longevity disability asset-intensive and critical illness products and financial reinsurance.