Extremely important positive changes in investment behavior have recently occurred for Reinsurance Group of America Inc (NYSE: RGA): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Reinsurance Group of America Inc (NYSE: RGA). Notable positive changes in fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, and the consensus estimate for December, 2023 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
RGA is expected to continue to be a major 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 B (Positive). 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 47 but a very high Power Rating of 93, with the Positive Value Trend Rating the result.
Recent Price Action
Reinsurance Group of America Inc (NYSE: RGA) stock rose slightly by 0.3% on 12/4/23. The stock closed at $163.97. However, trading volume in this advance was unusually low at 61% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.0% during the last week.
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