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Morgan Stanley Stick to Their Sell Rating for Reinsurance Group

Published 04/01/2021, 12:36 PM
Updated 04/01/2021, 12:36 PM


Morgan Stanley (NYSE:MS) analyst Nigel Dally maintained a Sell rating on Reinsurance Group (NYSE:RGA) on Thursday, setting a price target of $126, which is approximately 0.04% below the present share price of $126.05.

Dally expects Reinsurance Group to post earnings per share (EPS) of $1.95 for the second quarter of 2021.

The current consensus among 6 TipRanks analysts is for a Hold rating of shares in Reinsurance Group, with an average price target of $122.
The analysts price targets range from a high of $146 to a low of $76.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $4.14 billion and a net profit of $0. The company's market cap is $8.57 billion.

According to TipRanks.com, Morgan Stanley analyst Nigel Dally is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 18.3% and a 63.41% success rate.

Reinsurance Group of America, Inc. is a holding company, which engages in the provision of traditional and non-traditional life and health reinsurance products. It operates through the following segments: U.S. and Latin America; Canada; Europe, Middle East, and Africa; Asia Pacific; and Corporate and Other. The U.S. and Latin America segment markets traditional life and health reinsurance, reinsurance of asset-intensive products, financial reinsurance, and other capital motivated solutions in the U.S., Mexico, and Brazil. The Canada segment includes operations of RGA Canada, which employs its own underwriting, actuarial, claims, pricing, accounting, systems, marketing, and administrative staff in offices located in Montreal and Toronto. The Europe, Middle East, and Africa segment serves clients from subsidiaries, licensed branch offices, and representative offices primarily located in France, Germany, Ireland, Italy, the Middle East, the Netherlands, Poland, South Africa, Spain, and the United Kingdom. The Asia Pacific segment covers operations in Australia, China, Hong Kong, India, Japan, Malaysia, New Zealand, Singapore, South Korea, and Taiwan. The Corporate and Other segment consists of investment income from unallocated invested assets, investment related gains, and losses and service fees. The company was founded in 1973 and is headquartered in Chesterfield, MO.

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