For its second fiscal quarter (ending June 30), Reinsurance Group of America Inc (NYSE: RGA) has reported E.P.S. of $3.07 compared to $3.09 a year ago. For the latest four quarters through June 30, E.P.S. were $13.02 versus $10.09 for the same period a year ago.
Recent Price Action
Reinsurance Group of America Inc (NYSE: RGA) stock closed at $223.00 on 8/1/24 after a modest decline of -1.1%. Moreover, trading volume in this decline was exceptionally high at 339% of normal. The stock has risen 2.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, RGA is expected to continue to be an important Value Builder.
Reinsurance Group of America has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Reinsurance Group of America has a neutral Appreciation Score of 50 but a very high Power Rating of 86, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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