The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Reinsurance Group Of America, Inc. shares valued at $365,504 were sold by Hayden John W. on May 14 ’24. At $206.85 per share, Hayden John W. sold 1,767 shares. The insider’s holdings dropped to 16,490 shares worth approximately $3.62 million following the completion of this transaction.
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Also, LARSON TODD C sold 3,750 shares, netting a total of over 679,725 in proceeds. Following the sale of shares at $181.26 each, the insider now holds 48,437 shares.
Before that, HUTTON WILLIAM L had sold 1,908 shares from its account. In a trade valued at $346,951, the EVP, General Counsel & Secy. traded Reinsurance Group Of America, Inc. shares for $181.84 each. Upon closing the transaction, the insider’s holdings decreased to 1,908 shares, worth approximately $2.93 million.
As published in a research note from Jefferies on December 11, 2023, Reinsurance Group Of America, Inc. [RGA] has been rated up from a Hold to a Buy and the price target has been revised to $189 from $171. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late June. As of June 07, 2023, Raymond James has initiated its “Strong buy” rating for RGA. Earlier on April 25, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for RGA stock.
Analyzing RGA Stock Performance
During the last five days, there has been a surge of approximately 3.71%. Over the course of the year, Reinsurance Group Of America, Inc. shares have jumped approximately 35.73%. Shares of the company reached a 52-week high of $227.87 on 08/01/24 and a 52-week low of $162.00 on 01/02/24. A 50-day SMA is recorded $210.79, while a 200-day SMA reached $189.04. Nevertheless, trading volume fell to 0.24 million shares from 0.21 million shares the previous day.
Support And Resistance Levels for Reinsurance Group Of America, Inc. (RGA)
According to the 24-hour chart, there is a support level at 218.14, which, if violated, would cause prices to drop to 216.70. In the upper region, resistance lies at 221.00. The next price resistance is at 222.42. RSI (Relative Strength Index) is 61.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.76, which suggests the price will increase in the coming days. Percent R is at 11.82%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
