Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Reinsurance Group Of America, Inc. shares valued at $264,735 were sold by HUTTON WILLIAM L on Sep 23 ’24. At $218.97 per share, HUTTON WILLIAM L sold 1,209 shares. The insider’s holdings dropped to 12,357 shares worth approximately $2.65 million following the completion of this transaction.
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Also, HUTTON WILLIAM L purchased 1,209 shares, netting a total of over 264,738 in proceeds.
Before that, Hayden John W. had sold 1,767 shares from its account. In a trade valued at $365,504, the EVP, Controller traded Reinsurance Group Of America, Inc. shares for $206.85 each. Upon closing the transaction, the insider’s holdings decreased to 1,767 shares, worth approximately $3.54 million.
As published in their initiating research note from Barclays on September 05, 2024, Reinsurance Group Of America, Inc. [RGA] has been an Overweight and the price target has been revised to $255. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of June 23, 2023, Jefferies has decreased its “Buy” rating to a “Hold” for RGA. Earlier on June 07, 2023, Raymond James initiated its rating. Their recommendation was “a Strong buy” for RGA stock.
Analyzing RGA Stock Performance
During the last five days, there has been a drop of approximately -1.80%. Over the course of the year, Reinsurance Group Of America, Inc. shares have jumped approximately 32.68%. 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 $213.23, while a 200-day SMA reached $194.70. Nevertheless, trading volume fell to 0.8 million shares from 0.22 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 212.96, which, if violated, would cause prices to drop to 211.27. In the upper region, resistance lies at 216.85. The next price resistance is at 219.06. RSI (Relative Strength Index) is 47.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.57, which suggests the price will decrease in the coming days. Percent R is at 85.85%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
