According to an update released by analysts at Deutsche Bank the broker has now set a ‘Hold’ rating on shares of Reinsurance Group of America (NYSE:RGA) with a price target of 112.
Deutsche Bank on Wednesday downgraded Reinsurance Group of America’s analyst rating to ‘Hold’ with its price target of 112 highlighting a potential increase of 1.96% from Reinsurance Group of America’s current price of 109.85.
Over the last twelve months Reinsurance Group of America’s stock price has increased from 92.12 to 109.85, a change of 19.25%.
Reinsurance Group of America has 64,065,000 shares in issue which have a share price of 109.85 giving Reinsurance Group of America a market capitalisation of 7.04B USD.
The company has a 50 day moving average of 108.16 and a 200 day moving average of 99.87. The 52 week high shares of Reinsurance Group of America have reached is 111.4 whilst the 52 week low for the company’s shares is 76.96.
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.