Stocks · News reference
Reinsurance Gr (NYSE:RGA) reported quarterly earnings of $8.89 per share which beat the analyst consensus estimate of $6.52 by 36.35 percent. This is a 88.35 percent increase over earnings of $4.72 per share from the
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
The Federal Reserve raised the benchmark interest rate by 25 basis points to 3.75%-4%, marking its first rate increase since 2023. Life and annuity insurers are well-positioned to benefit from higher reinvestment yields and investment income, while property and casualty insurers face mixed impacts from both improved investment returns and inflation-driven claims pressures.
Morgan Stanley analyst Nigel Dally maintains Reinsurance Group (NYSE:RGA) with a Equal-Weight and raises the price target from $223 to $250.
Wells Fargo analyst Wesley Carmichael maintains Reinsurance Group (NYSE:RGA) with a Overweight and raises the price target from $269 to $291.
JP Morgan analyst Pablo Singzon maintains Reinsurance Group (NYSE:RGA) with a Overweight and raises the price target from $286 to $293.