RGA Stock Summary and Trading Ideas (Reinsurance Group Of America | NYSE:RGA)

Reinsurance Group of America Inc is an insurance holding company with operations in the United States, Latin America, Canada, Europe, Africa, Asia, and Australia. The core products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development. The company's operations are divided into traditional and financial solution businesses.

Reinsurance Group Of America trades on the NYSE stock market under the symbol RGA.

As of April 22, 2024, RGA stock price climbed to $188.78 with 303,953 million shares trading.

RGA has a beta of 0.13, meaning it tends to be less sensitive to market movements. RGA has a correlation of 0.01 to the broad based SPY ETF.

RGA has a market cap of $12.41 billion. This is considered a Large Cap stock.

Last quarter Reinsurance Group Of America reported $5 billion in Revenue and $4.73 earnings per share. This beat revenue expectation by $457 million and exceeded earnings estimates by $.27.

In the last 3 years, RGA stock traded as high as $196.25 and as low as $94.32.

The top ETF exchange traded funds that RGA belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

RGA has outperformed the market in the last year with a price return of +36.6% while the SPY ETF gained +22.3%. RGA has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +12.9% and -2.7%, respectively, while the SPY returned +3.9% and -3.6%, respectively.

RGA support price is $183.88 and resistance is $189.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RGA stock will trade within this expected range on the day.