Reinsurance Group of America, Incorporated (NYSE:RGA) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 1.80 per share.
For the full year, analysts predict revenues of $ 14371.90 million, while looking forward to income of $ 6.79 per share.
Previous Quarter Performance
Reinsurance Group of America, Incorporated recorded income for the second quarter of $ 1.36 per share, from the revenue of $ 3,606.00 million. The quarterly earnings shrunk 58.91 percent while revenues gained 4.00 percent compared with the same quarter last year.
Wall street analysts are predicting, RGA to report 2Q20 loss of $ 0.89 per share from revenue of $ 3560.25 million. The bottom line results beat street analysts by $ 2.25 or 252.81 percent, at the same time, top line results outshined analysts by $ 45.75 million or 1.29 percent.
Stock Performance
Shares of Reinsurance Group of America, Incorporated traded low $ -2.13 or -2.05 percent on Wednesday, reaching $ 101.86 with volume of 355.90 thousand shares. Reinsurance Group of America, Incorporated has traded high as $ 104.93 and has cracked $ 99.45 on the downward trend
The closing price of $ 101.86, representing a 87.74 % increase from the 52 week low of $ 55.39 and a 38.56 % decrease over the 52 week high of $ 169.26.
The company has a market capital of $ 6.92 billion and is part of the Financial Services sector and Insurance – Reinsurance industry.
Recent Analyst recommendations
- On 7th October 2020, maintained by Piper Sandler at Overweight rating, with $ 117.00 target price.
- On 6th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 100.00 target price.
- On 21st September 2020, upgraded by UBS Group to Buy from Neutral rating, with $ 137.00 target price.
- On 18th September 2020, maintained by Credit Suisse Group at Neutral rating, with $ 96.00 target price.
- On 8th September 2020, upgraded by Piper Sandler to Overweight from Neutral rating, with $ 112.00 target price.
Reinsurance Group of America, Incorporated engages in reinsurance business. 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. The company also provides reinsurance for mortality, morbidity, lapse, and investment-related risk associated with products; and reinsurance for investment-related risks.
