Source : investing, Wed, 2024/10/9
TD Cowen on Wednesday began covering Reinsurance Group of America (NYSE:RGA) stock coverage with a “hold” rating and set a target price of $235. The company’s analysis of the insurance provider is based on a detailed assessment of the total parts.
taking into account the expected profits for 2025 across the different product lines.
as well as adjustments for excess capital and exposures to liabilities and investments..
The target price refers to a mixed P /E multiple of 10.6 times the estimated earnings per share for 2025. This valuation reflects the company’s expectations for the company’s financial performance over the next year and its growth potential..
Reinsurance Group of America is a global life and health insurance company that provides customers with a comprehensive range of products and services. The financial strength of the company and its position in the market are key considerations in the analyst rating and target price..
A “hold” rating indicates that TD Cowen believes the stock is fairly valued at its current price, suggesting that investors should maintain their positions without adding more shares or selling existing holdings. This rating is usually given when an analyst expects a stock’s performance to be in line with market or sector averages..
Investors and stakeholders at Reinsurance Group of America will monitor the stock’s performance to see if it is in line with TD Cowen’s expectations and target price in the coming months. TD Cowen’s valuation provides a benchmark for the company’s financial projections according to the company’s analysis.
In addition to TD Cowen’s analysis, InvestingPro data reveals that Reinsurance Group of America (NYSE:RGA) has a market capitalization of $14.07 billion and is currently trading at a P/E multiple of 16.42. This multiplier is slightly higher than the estimated 10.6 times the estimated EPS for 2025 reported in the TD Cowen valuation.
suggesting that the market may price additional growth potential.
InvestingPro’s advice highlights that RGA has raised dividends for 14 consecutive years and maintained dividend payments for 32 consecutive years.
indicating a strong commitment to shareholder returns. The company’s consistent dividend history reflects its financial strength, as indicated in the article.
Furthermore, RGA is trading at a relatively low P/E compared to its near-term earnings growth.
with a PEG ratio of 0.56 for the past twelve months as of the second quarter of 2024. This metric indicates that investors might undervalue a stock compared to its growth prospects.
which may be of interest to value-oriented investors..
For readers who want to dig deeper into RGA’s financial health and market position.
InvestingPro offers 8 additional tips.
providing a more comprehensive analysis of the company’s potential strengths and challenges in the insurance industry.
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