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Tuesday, September 29, 2020

The Unprecedented Rise of Reinsurance Group of America Incorporated (NYSE:RGA)

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The Reinsurance Group of America Incorporated (RGA) shares are trading at higher $83.74 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $100.40.

To add more color to this target, the company’s high over the last year is $169.26 and the low is $55.39. Over the last 52 weeks, RGA is down -50.53% while the S&P 500 is down -0.33%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, RGA reported a profit of $-96.0 million. Reinsurance Group of America Incorporated also saw revenues decrease to $3.2 billion. In addition, RGA has free cash flow of $2.2 billion as of 03-2020. The company’s EBITDA came in at -$57.0 million which compares well with its peers.

RGA booked profit margins of 4.30%, its Return on Equity (ROE) is 5.70%, and its Return on Assets is 0.80%. All told, it is clear that, RGA needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. RGA has a short ratio of 2.64 and outstanding shares of 63.00M.

Company Outlook

RGA has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.85 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 9.59. Investors should also keep an eye on sector updates as RGA has historically followed its peers on positive news.

All told, Reinsurance Group of America Incorporated RGA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, RGA represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Reinsurance Group of America Incorporated RGA is now commanding a market cap of 5.46B and a float of 61.30M. RGA is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of RGA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in RGA, either long or short, and we have not been compensated for this article.

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