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Taking a Closer Look At Reinsurance Group Of America, Inc (RGA) Following Its Recent Trade

Reinsurance Group Of America, Inc’s recent filing unveils 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 $3.48 million.

TD Cowen initiated its Reinsurance Group Of America, Inc [RGA] rating to a Hold in a research note published on October 09, 2024; the price target was $235. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. Jefferies also remained covering RGA and has increased its forecast on December 11, 2023 with a “Buy” recommendation from previously “Hold” rating. Jefferies revised its rating on June 23, 2023. It rated RGA as “a Hold” which previously was an “a Buy”.

Price Performance Review of RGA

On Tuesday, Reinsurance Group Of America, Inc [NYSE:RGA] saw its stock jump 0.85% to $210.88. Over the last five days, the stock has gained 0.81%. Reinsurance Group Of America, Inc shares have risen nearly 30.35% since the year began. Nevertheless, the stocks have risen 31.10% over the past one year. While a 52-week high of $233.81 was reached on 11/25/24, a 52-week low of $159.82 was recorded on 01/02/24. SMA at 50 days reached $218.90, while 200 days put it at $208.67.

Levels Of Support And Resistance For RGA Stock

The 24-hour chart illustrates a support level at 208.47, which if violated will result in even more drops to 206.07. On the upside, there is a resistance level at 212.54. A further resistance level may holdings at 214.21. The Relative Strength Index (RSI) on the 14-day chart is 42.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.67%. Stochastics %K at 31.88% 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 2024-11-29, growing by 27908.0 shares to a total of 0.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.29 million shares. There was a rise of 8.83%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on June 07, 2023 when Raymond James began covering the stock and recommended ‘”a Strong buy”‘ rating along with a $199 price target.

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