Could Reinsurance Group of America, Incorporated (RGA) Increase Even More? The Stock Formed Descending Triangle Chart Pattern

May 18, 2018 - By Nellie Frank

Reinsurance Group of America, Incorporated (NYSE:RGA) Logo

Investors sentiment decreased to 1.16 in Q4 2017. Its down 0.02, from 1.18 in 2017Q3. It turned negative, as 15 investors sold Reinsurance Group of America, Incorporated shares while 145 reduced holdings. 65 funds opened positions while 121 raised stakes. 57.73 million shares or 0.41% more from 57.50 million shares in 2017Q3 were reported.
381,497 were reported by Fiera Cap. Cap Fund invested 0% in Reinsurance Group of America, Incorporated (NYSE:RGA). Oregon Pub Employees Retirement Fund has invested 0.08% of its portfolio in Reinsurance Group of America, Incorporated (NYSE:RGA). Westpac has invested 0.02% of its portfolio in Reinsurance Group of America, Incorporated (NYSE:RGA). Manufacturers Life Insur The accumulated 0.02% or 106,943 shares. Charter has invested 0.05% in Reinsurance Group of America, Incorporated (NYSE:RGA). Meritage Portfolio Mngmt holds 0.89% in Reinsurance Group of America, Incorporated (NYSE:RGA) or 59,442 shares. Sumitomo Mitsui Asset Mngmt Co has invested 0.08% in Reinsurance Group of America, Incorporated (NYSE:RGA). Goldman Sachs Group Inc Inc stated it has 1.28M shares or 0.05% of all its holdings. Profund Advsr Limited Liability Co reported 7,617 shares stake. Investec Asset has invested 0.1% in Reinsurance Group of America, Incorporated (NYSE:RGA). Art Advsrs holds 27,300 shares. Burney stated it has 1.42% in Reinsurance Group of America, Incorporated (NYSE:RGA). Neuberger Berman Grp Inc Incorporated Lc reported 0.05% stake. Liberty Mutual Grp Asset, a Massachusetts-based fund reported 16,372 shares.

Since February 16, 2018, it had 1 buy, and 2 insider sales for $471,431 activity. The insider Boot Arnoud W.A. sold 400 shares worth $62,104. On Monday, May 7 the insider Neemeh Alain sold $454,072.

The stock of Reinsurance Group of America, Incorporated (RGA) formed a descending triangle with $154.86 target or 3.00 % above today’s $150.35 share price. The 9 months triangle pattern indicates low risk for the $9.70B company. If the $154.86 price target is reached, the company will be worth $291.03M more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock decreased 0.12% or $0.18 during the last trading session, reaching $150.35. About 325,508 shares traded. Reinsurance Group of America, Incorporated (NYSE:RGA) has risen 23.42% since May 18, 2017 and is uptrending. It has outperformed by 11.87% the S&P500.

Analysts await Reinsurance Group of America, Incorporated (NYSE:RGA) to report earnings on July, 26. They expect $3.17 earnings per share, up 7.46 % or $0.22 from last year’s $2.95 per share. RGA’s profit will be $204.54M for 11.86 P/E if the $3.17 EPS becomes a reality. After $1.61 actual earnings per share reported by Reinsurance Group of America, Incorporated for the previous quarter, Wall Street now forecasts 96.89 % EPS growth.

Reinsurance Group of America, Incorporated (NYSE:RGA) Ratings Coverage

Among 7 analysts covering Reinsurance Group (NYSE:RGA), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. Reinsurance Group had 7 analyst reports since November 21, 2017 according to SRatingsIntel. The stock has “Underweight” rating by Morgan Stanley on Thursday, April 5. The stock has “Hold” rating by Wells Fargo on Tuesday, January 9. Keefe Bruyette & Woods maintained Reinsurance Group of America, Incorporated (NYSE:RGA) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $165.0 target. The rating was maintained by RBC Capital Markets on Friday, December 8 with “Hold”.

More recent Reinsurance Group of America, Incorporated (NYSE:RGA) news were published by: Businesswire.com which released: “RGA Appoints New Members to Board of Directors” on April 23, 2018. Also Seekingalpha.com published the news titled: “Reinsurance Group of America’s (RGA) CEO Anna Manning on Q1 2018 Results – Earnings Call Transcript” on April 27, 2018. Globenewswire.com‘s news article titled: “Consolidated Research: 2018 Summary Expectations for MGM Growth Properties, Reinsurance Group of America …” with publication date: April 27, 2018 was also an interesting one.

Reinsurance Group of America, Incorporated engages in reinsurance business. The company has market cap of $9.70 billion. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products. It has a 5.43 P/E ratio. The firm also provides reinsurance for mortality, morbidity, and lapse risk associated with products; and reinsurance for investment-related risks, as well as develops and markets technology solutions for the insurance industry.

Reinsurance Group of America, Incorporated (NYSE:RGA) Institutional Positions Chart

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