Reinsurance Group of America (NYSE:RGA) has been downgraded from Overweight to Neutral in a report by JP Morgan earlier today.
- Updated: October 4, 2016
JP Morgan has downgraded Reinsurance Group of America (NYSE:RGA) from Overweight to Neutral in a report released on 10/04/2016.
Boasting a price of $106.47, Reinsurance Group of America (NYSE:RGA) traded -0.58% lower on the day. With the last stock price close up 8.70% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Reinsurance Group of America has recorded a 50-day average of $106.07 and a two hundred day average of $98.72. Volume of trade was down over the average, with 203,899 shares of RGA changing hands under the typical 250,752
With a total market value of $0, Reinsurance Group of America has price-earnings ratio of 12.63 with a one year low of $76.96 and a one year high of $110.89 .
A total of 10 equity analysts have released a ratings update on RGA. zero equity analysts rating the company a strong buy, four equity analysts rating the company a buy, six equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $97.50.
Brief Synopsis About Reinsurance Group of America (NYSE:RGA)
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 geographic-based or function-based segments, including U.S. and Latin America; Canada; Europe, Middle East and Africa; Asia Pacific, and Corporate and Other. Its geographic-based operations are further segmented into traditional and non-traditional businesses. Its subsidiaries include Reinsurance Company of Missouri, Incorporated, RGA Americas Reinsurance Company, Ltd., RGA Reinsurance Company (Barbados) Ltd. and RGA Reinsurance Company of Australia Limited. Traditional reinsurance includes individual and group life and health, disability, and critical illness reinsurance. Non-traditional reinsurance includes longevity reinsurance and asset-intensive reinsurance. Its operations offer traditional life and health reinsurance, reinsurance of asset-intensive products, and financial reinsurance.
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