An Analysis of Reinsurance Group of America Incorporated (RGA)’s Potential Price Growth


Reinsurance Group of America Incorporated’s recently made public that its SEVP, Chief Financial Officer LARSON TODD C unloaded Company’s shares for reported $0.36 million on Aug 12. In the deal valued at $131.15 per share,2,729 shares were sold. As a result of this transaction, LARSON TODD C now holds 36,921 shares worth roughly $ 5.27 million.

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Then, Detrick Christine Rose sold 4,300 shares, generating $487,369 in total proceeds. Upon selling the shares at $113.34, the Director now owns 1,618 shares.

Before that, GAUTAM ALKA sold 858 shares. Reinsurance Group of America Incorporated shares valued at $94,423 were divested by the EVP & CEO, RGA CANADA at a price of $110.05 per share. As a result of the transaction, GAUTAM ALKA now holds 10,161 shares, worth roughly $1.45 million.

JP Morgan downgraded its Reinsurance Group of America Incorporated [RGA] rating to a Neutral from a an Overweight in a research note published on Monday. PT values the company’s stock at a premium of -4.99 to its Monday closing price. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early August with a ‘”an Equal weight”‘ rating. Credit Suisse also remained covering RGA and has increased its forecast on June 02, 2022 with a “Neutral” recommendation from previously “an Underperform” rating. Citigroup started covering the stock on May 24, 2022. It rated RGA as “a Sell”.

Price Performance Review of RGA

On Monday, Reinsurance Group of America Incorporated [NYSE:RGA] saw its stock fall -0.15% to $142.78. On the same session, the stock had its day’s lowest price of $141.705, but rose to a high of $144.76. Over the last five days, the stock has lost -2.98%. Reinsurance Group of America Incorporated shares have risen nearly 30.40% since the year began. Nevertheless, the stocks have risen 28.92% over the past one year. While a 52-week high of $148.75 was reached on 10/28/22, a 52-week low of $94.32 was recorded on 03/08/22. SMA at 50 days reached $132.82, while 200 days put it at $119.60. A total of 0.54 million shares were traded, compared to the trading of 0.78 million shares in the previous session.

Levels Of Support And Resistance For RGA Stock

The 24-hour chart illustrates a support level at 141.40, which if violated will result in even more drops to 140.03. On the upside, there is a resistance level at 144.46. A further resistance level may holdings at 146.14. The Relative Strength Index (RSI) on the 14-day chart is 57.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.51%. Stochastics %K at 48.03% indicates the stock is a holding.

How much short interest is there in Reinsurance Group of America Incorporated?

A steep rise in short interest was recorded in Reinsurance Group of America Incorporated stocks on Jul 14, 2022, dropping by -0.13 million shares to a total of 0.68 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 0.81 million shares. There was a decline of -19.74%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.13% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.75.

Reinsurance Group of America Incorporated [RGA] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 6,931,673 shares, or roughly 10.35% of the outstanding RGA shares. In other words, the investor’s shares have risen by 66,732 from its previous 13-F filing of 6864941.0. Additionally, Fidelity Management & Research Co decreased -2.40% of its stake after which the total value it holdings stand at $687,603,987, while BlackRock Fund Advisors reduced -0.78% of its stake to hold $682.49 million in the firm. Over the last quarter, Harris Associates LP sold -1,051,609 shares of Reinsurance Group of America Incorporated, while American Century Investment Manag sold -511,417 shares. At present, SSgA Funds Management, Inc. is holding 2,294,517 shares valued at $288.67 million. EARNEST Partners LLC owned 2,261,518 shares of the company at the time of its most recent 13F filing, worth $284.52 million.

However, 13 analysts have rated RGA stock as an Overweight in their predictions for 2022.


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