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Reinsurance Group (RGA) Outpaces Stock Market Gains: What You Should Know
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Reinsurance Group (RGA - Free Report) closed the most recent trading day at $127.45, moving +1.34% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.56%. Elsewhere, the Dow gained 0.41%, while the tech-heavy Nasdaq added 1.35%.
Heading into today, shares of the reinsurance company had lost 13.67% over the past month, lagging the Finance sector's loss of 9.49% and the S&P 500's loss of 1.48% in that time.
Reinsurance Group will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $3.34, up 610.64% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.19 billion, up 3.38% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $15.80 per share and revenue of $17.38 billion. These totals would mark changes of +9.49% and +3.66%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Reinsurance Group. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.08% lower. Reinsurance Group is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Reinsurance Group's current valuation metrics, including its Forward P/E ratio of 7.96. Its industry sports an average Forward P/E of 7.37, so we one might conclude that Reinsurance Group is trading at a premium comparatively.
The Insurance - Life Insurance industry is part of the Finance sector. This group has a Zacks Industry Rank of 86, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Reinsurance Group (RGA) Outpaces Stock Market Gains: What You Should Know
Reinsurance Group (RGA - Free Report) closed the most recent trading day at $127.45, moving +1.34% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.56%. Elsewhere, the Dow gained 0.41%, while the tech-heavy Nasdaq added 1.35%.
Heading into today, shares of the reinsurance company had lost 13.67% over the past month, lagging the Finance sector's loss of 9.49% and the S&P 500's loss of 1.48% in that time.
Reinsurance Group will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $3.34, up 610.64% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.19 billion, up 3.38% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $15.80 per share and revenue of $17.38 billion. These totals would mark changes of +9.49% and +3.66%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Reinsurance Group. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.08% lower. Reinsurance Group is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Reinsurance Group's current valuation metrics, including its Forward P/E ratio of 7.96. Its industry sports an average Forward P/E of 7.37, so we one might conclude that Reinsurance Group is trading at a premium comparatively.
The Insurance - Life Insurance industry is part of the Finance sector. This group has a Zacks Industry Rank of 86, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.