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Keeping an Eye on Reinsurance Group Of America, Inc. (RGA) After Insider Trading Activity

Reinsurance Group Of America, Inc.’s recent filing unveils that its SEVP, Chief Financial Officer LARSON TODD C unloaded Company’s shares for reported $0.68 million on Mar 08 ’24. In the deal valued at $181.26 per share,3,750 shares were sold. As a result of this transaction, LARSON TODD C now holds 48,437 shares worth roughly $9.06 million.

Then, LARSON TODD C sold 2,966 shares, generating $542,422 in total proceeds. Upon selling the shares at $182.88, the SEVP, Chief Financial Officer now owns 49,549 shares.

Before that, HUTTON WILLIAM L sold 1,908 shares. Reinsurance Group Of America, Inc. shares valued at $346,951 were divested by the EVP, General Counsel & Secy. at a price of $181.84 per share. As a result of the transaction, HUTTON WILLIAM L now holds 13,363 shares, worth roughly $2.5 million.

Jefferies upgraded its Reinsurance Group Of America, Inc. [RGA] rating to a Buy from a a Hold in a research note published on December 11, 2023; the price target was increased to $189 from $171. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in late June from “a Buy” to “a Hold”. Raymond James began covering RGA with “Strong buy” recommendation on June 07, 2023. Wells Fargo started covering the stock on April 25, 2023. It rated RGA as “an Overweight”.

Price Performance Review of RGA

On Tuesday, Reinsurance Group Of America, Inc. [NYSE:RGA] saw its stock fall -1.35% to $186.99. Over the last five days, the stock has lost -1.60%. Reinsurance Group Of America, Inc. shares have risen nearly 15.58% since the year began. Nevertheless, the stocks have risen 31.39% over the past one year. While a 52-week high of $196.25 was reached on 04/09/24, a 52-week low of $133.13 was recorded on 01/02/24. SMA at 50 days reached $184.76, while 200 days put it at $161.25. A total of 0.36 million shares were traded, compared to the trading of 0.32 million shares in the previous session.

Levels Of Support And Resistance For RGA Stock

The 24-hour chart illustrates a support level at 186.17, which if violated will result in even more drops to 185.35. On the upside, there is a resistance level at 188.61. A further resistance level may holdings at 190.24. The Relative Strength Index (RSI) on the 14-day chart is 49.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.74%. Stochastics %K at 67.03% indicates the stock is a holding.

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