How to Buy Reinsurance Group Of America Stock
Reinsurance Group Of America Inc
Reinsurance Group Of America is a reinsurance insurance company located in Missouri, United States, which is part of the Financial Services sector, and is traded under the ticker RGA on the NYSE exchange.
Reinsurance Group Of America stock last closed at $188.78, down 1.19% from the previous day, and has increased 36.01% in one year. It has overperformed other stocks in the Insurance - Reinsurance industry by 0.27 percentage points. Reinsurance Group Of America stock is currently +41.8% from its 52-week low of $133.13, and -3.81% from its 52-week high of $196.25.
At the moment, there are 65.76M RGA shares outstanding. The market cap of RGA is $12.41B. In the last 24 hours, 429,874 RGA shares were traded.
How to Buy Reinsurance Group Of America Stock
Not sure how to invest in Reinsurance Group Of America stock? Here's how.
- Choose where to buy Reinsurance Group Of America stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Reinsurance Group Of America stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Choose your payment method and add your information.
- Evaluate Reinsurance Group Of America stock: The Reinsurance Group Of America ticker symbol is RGA. Is Reinsurance Group Of America stock a good investment? Should you buy shares of RGA? How do RGA's underlying business fundamentals look? Do top analysts think Reinsurance Group Of America is a good buy? Why has RGA's stock price moved recently? (Hint: Our stock market analysis website can help you decide if RGA is a good stock to buy).
- Execute your RGA trade: Decide if you will purchase RGA shares at the current market price or use a limit order to purchase RGA shares at a given price.
- Watch your RGA position: Create a watchlist to important updates regarding your position in Reinsurance Group Of America shares.
Step 1: Choose where to buy Reinsurance Group Of America stock
You will need a brokerage account in order to access the NYSE market and buy RGA shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal information so you can invest in RGA stock today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start a new trading account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have created your account on apps for stocks, you need to deposit funds:
Check out the walkthrough below if you need help transferring funds into your new brokerage account.
Step 4: Evaluate Reinsurance Group Of America stock
After you have identified the best place to buy Reinsurance Group Of America stock, it's very important to evaluate their stock before you invest, so you truly comprehend the risk and upside.
Reinsurance Group Of America Metrics
RGA Due Diligence Checks
WallStreetZen was designed to help part-time investors do better fundamental analysis quickly.
You can see all of the due diligence checks on RGA's stock page.
Is RGA stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge RGA's fair value.
Using relative valuations measures:
- RGA may be overvalued based on its P/E ratio of 13.88x, relative to Insurance - Reinsurance industry P/E ratio of 7.24x
- RGA could be overvalued based on its P/B ratio of 1.37x, relative to Insurance - Reinsurance industry P/B ratio of 1.16x
- RGA could be overvalued based on its PEG ratio of 1.25x
You can access additional valuation research on RGA's stock here.
A quick look at RGA Financials
Positive Health Checks:
- RGA's operating cash flow of $4.04B allows it to safely service it's debt of $4.43B.
- RGA profit margin has gone up from 3.2% to 4.9% in the past year.
- RGA earnings of $1.41B is not enough to cover its interest payments.
Negative Health Checks:
- Total RGA debt is higher than 5 years ago, relative to shareholder equity.
- RGA has a relatively high debt to equity ratio of 9.74.
Is RGA stock a Buy, Hold, or Sell, according to analysts?
Out of 9 sell side analysts who give recommendations on RGA, the consensus analyst rating on Reinsurance Group Of America is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Most Recent RGA Analyst Ratings
Brian Meredith, a top 8% analyst from UBS maintains RGA with a strong buy rating and raises their RGA price target from $198.00 to $223.00, on Apr 10, 2024.
John Barnidge, a top 10% analyst from Piper Sandler maintains RGA with a strong buy rating and raises their RGA price target from $195.00 to $220.00, on Apr 5, 2024.
Piper Sandler's John Barnidge raised their price target on Reinsurance Group Of America (NYSE: RGA) by 12.8% from $195 to $220 on 2024/04/05. The analyst maintained their Strong Buy rating on the stock.
In an Insurance sector review ahead of earnings season, Barnidge cautioned that "there is near-term volatility to life insurance company earnings from variable investment income headwinds and commentary around spread income peaking, and valuations "are generally not screening as overly optimistic."
Footnotes
Yahoo Finance reports that the current consensus EPS estimate for Reinsurance Group Of America's upcoming quarter is $4.60 which, if achieved, would represent a 10.9% decline from last year's $5.16.
Jimmy Bhullar, a top 31% analyst from JP Morgan maintains RGA with a hold rating and raises their RGA price target from $170.00 to $189.00, on Apr 2, 2024.
Suneet Kamath, a top 12% analyst from Jefferies upgrades RGA to a strong buy rating and raises their RGA price target from $171.00 to $189.00, on Dec 11, 2023.
You can dig deeper into what analysts are projecting on the Reinsurance Group Of America stock forecast page.
RGA Momentum
How are RGA Revenues/Earnings doing?
Last year, RGA earnings were $902.00M. Over the last 5 year, RGA's earnings have gone up by 3.87% per year. This was slower than the Insurance - Reinsurance industry average of 44.78%.
Last year, RGA revenue was $18.57B. In the past 5 year, RGA's revenue has grown by 7.6% per year. This was slower than the Insurance - Reinsurance industry average of 33.33%.
Dive into RGA's earnings and revenue performance here.
What are RGA executives and large shareholders up to?
Over the last 12 months, executives and large shareholders at RGA have bought more shares than they have sold.
Raymond Kleeman, EVP Chief HR Officer of RGA, was the latest RGA insider to sell. They sold $112,256.16 worth of RGA shares on Mar 31, 2024.
Get more info about who owns RGA shares here.
Can I rely on RGA as an income stream?
Reinsurance Group Of America pays a dividend of 1.77%, compared to the Insurance - Reinsurance industry's average dividend yield of 1.45%. If you owned $1,000 of RGA stock, you would have been paid $17.75 last year.
Reinsurance Group Of America dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Reinsurance Group Of America dividend yield and history here.
Get opinions from other traders
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Step 5: Execute your RGA trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount, place a limit order.
Hit the Open button and eToro will place your order.
If you want more assistance investing in stocks on eToro, click the how to video below:
Step 6: Watch your RGA position
Now that you own some shares in RGA, you'll want to keep up with your new shares.
Add RGA to a watchlist to monitor your RGA stock.
RGA Feed
How to Buy Stock in Reinsurance Group Of America
To summarize, here are the 6 steps for buying Reinsurance Group Of America stock:
- Choose where to buy Reinsurance Group Of America stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Evaluate Reinsurance Group Of America stock
- Execute your RGA trade
- Watch your RGA position
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get updates on your investment in Reinsurance Group Of America, add RGA to your watchlist by clicking the button below.
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