Reinsurance Group Of America, Inc.’s filing revealed that its EVP, General Counsel & Secy. HUTTON WILLIAM L unloaded Company’s shares for reported $0.26 million on Sep 23 ’24. In the deal valued at $218.97 per share,1,209 shares were sold. As a result of this transaction, HUTTON WILLIAM L now holds 12,357 shares worth roughly $2.61 million.
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Then, HUTTON WILLIAM L bought 1,209 shares, generating $264,738 in total proceeds.
Before that, Hayden John W. sold 1,767 shares. Reinsurance Group Of America, Inc. shares valued at $365,504 were divested by the EVP, Controller at a price of $206.85 per share. As a result of the transaction, Hayden John W. now holds 16,490 shares, worth roughly $3.49 million.
Barclays initiated its Reinsurance Group Of America, Inc. [RGA] rating to an Overweight in a research note published on September 05, 2024; the price target was $255. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid December from “a Hold” to “a Buy”. Jefferies also remained covering RGA and has decreased its forecast on June 23, 2023 with a “Hold” recommendation from previously “Buy” rating. Raymond James started covering the stock on June 07, 2023. It rated RGA as “a Strong buy”.
Price Performance Review of RGA
On Monday, Reinsurance Group Of America, Inc. [NYSE:RGA] saw its stock fall -3.86% to $211.46. Over the last five days, the stock has lost -2.94%. Reinsurance Group Of America, Inc. shares have risen nearly 30.71% since the year began. Nevertheless, the stocks have risen 48.99% over the past one year. While a 52-week high of $227.87 was reached on 08/01/24, a 52-week low of $140.75 was recorded on 01/02/24. SMA at 50 days reached $213.04, while 200 days put it at $195.22.
Levels Of Support And Resistance For RGA Stock
The 24-hour chart illustrates a support level at 207.80, which if violated will result in even more drops to 204.13. On the upside, there is a resistance level at 217.34. A further resistance level may holdings at 223.21. The Relative Strength Index (RSI) on the 14-day chart is 43.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.68%. Stochastics %K at 34.77% indicates the stock is a holding.
How much short interest is there in Reinsurance Group Of America, Inc.?
A steep rise in short interest was recorded in Reinsurance Group Of America, Inc. stocks on 2024-09-13, dropping by 85439.0 shares to a total of 0.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.36 million shares. There was a decline of -30.6%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 25, 2023 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $163 price target.
