Reinsurance Group of America (NYSE:RGA) has been downgraded from Overweight to Neutral in a statement by JPMorgan earlier today.
- Updated: October 4, 2016
JPMorgan has downgraded Reinsurance Group of America (NYSE:RGA) from Overweight to Neutral in a statement released on Tuesday October 04, 2016.
Having a price of $107.31, Reinsurance Group of America (NYSE:RGA) traded -0.58% lower on the day. With the last stock price up 8.70% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. RGA has recorded a 50-day average of $106.07 and a two hundred day average of $98.72. Trade Volume was down over the average, with 203,899 shares of RGA changing hands under the typical 250,752
Recent Performance Chart
Reinsurance Group of America has PE ratio of 12.63 with a one year low of $76.96 and a one year high of $110.89 and has a market capitalization of $0.
A total of 10 brokerages have issued a ratings update on Reinsurance Group of America. zero brokerages rating the company a strong buy, four brokerages rating the company a buy, six brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $97.50.
General Company Details For 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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