Reinsurance Group of America Inc (NYSE: RGA) has reported earnings for its first fiscal quarter (ending March 31) of $3.20 versus $3.77 for the same period a year ago — a decline of -15%. This result fell short of the consensus estimate of $5.07 by $-1.87. For the latest four quarters through March 31, E.P.S. were $13.03 versus $8.57 for the same period a year ago — an increase of 52%.
Recent Price Action
Reinsurance Group of America Inc (NYSE: RGA) stock rose slightly by 0.1% on 5/2/24. The stock closed at $191.18. Moreover, this advance was accompanied by unusually high trading volume at 185% of normal. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
RGA is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Reinsurance Group of America has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Reinsurance Group of America has a neutral Appreciation Score of 55 but a very high Power Rating of 92, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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