TD Cowen initiated coverage on Reinsurance Group of America with a new price target
$RGA
Life Insurance
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TD Cowen initiated coverage of Reinsurance Group of America with a rating of Hold and set a new price target of $235.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $235.00 | Hold | TD Cowen |
| 9/5/2024 | $255.00 | Overweight | Barclays |
| 12/11/2023 | $171.00 → $189.00 | Hold → Buy | Jefferies |
| 6/23/2023 | $170.00 → $160.00 | Buy → Hold | Jefferies |
| 6/7/2023 | $199.00 | Strong Buy | Raymond James |
| 4/25/2023 | $163.00 | Overweight | Wells Fargo |
| 3/15/2023 | $133.00 → $158.00 | Sell → Buy | Citigroup |
| 1/5/2023 | $148.00 → $167.00 | In-line → Outperform | Evercore ISI |
Transacting on a younger LTC block further validates LTC reserves and assumptionsAnother milestone transaction that optimizes our portfolio$0.8 billion capital release will be returned to shareholders via share buybacksConference call to be held Thursday, November 21, 2024, at 8:00 a.m. ET; details below TSX/NYSE/PSE: MFC SEHK: 945 C$ unless otherwise stated TORONTO, Nov. 20, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") announced today that it has entered into a $5.4 billion1 reinsurance agreement with Reinsurance Group of America ("RGA"), including $2.4 billion of long-term care
Third Quarter Results Net income available to RGA shareholders of $2.33 per diluted share Adjusted operating income of $3.62 per diluted share Adjusted operating income, excluding notable items of $6.13 per diluted share, a record quarterly result ROE of 7.7%, adjusted operating ROE of 13.8%. Adjusted operating ROE, excluding notable items of 15.5% for the trailing twelve months, a record quarterly result Deployed capital of $382 million into in-force block transactions Increased Value of In-force Business Margins by $4.6 billion or 13.9% in the first nine months of the year Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global provider of life and health rei
Reinsurance Group of America, Incorporated (NYSE:RGA) plans to release third quarter earnings on Thursday, October 31, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA's website, www.rgare.com. RGA will host a conference call to discuss the third quarter results beginning at 10 a.m. Eastern Time on Friday, November 1. Interested parties may access the call by dialing 1-844-481-2753 (412-317-0669 international) and asking to be joined into the Reinsurance Group of America, Incorporated (RGA) call. Participants are asked to call the assigned number approximately 15 minutes before the conference call begins. A live audio w
SC 13G/A - REINSURANCE GROUP OF AMERICA INC (0000898174) (Subject)
SC 13G/A - REINSURANCE GROUP OF AMERICA INC (0000898174) (Subject)
SC 13G/A - REINSURANCE GROUP OF AMERICA INC (0000898174) (Subject)
Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global life and health reinsurer, and John Hancock, a subsidiary of Manulife Financial Corporation (Manulife), a leading international financial services group, announced today an agreement to reinsure approximately US$4.1 billion in liabilities comprising $1.9 billion in long-term care (LTC) and $2.2 billion in structured settlements. This latest transaction builds on RGA's long-standing strategic partnership with Manulife across a wide range of business types and global markets. The reinsured LTC block consists of policies that closely match the characteristics of RGA's current in-force LTC portfolio, including that all su
Transacting on a younger LTC block further validates LTC reserves and assumptionsAnother milestone transaction that optimizes our portfolio$0.8 billion capital release will be returned to shareholders via share buybacksConference call to be held Thursday, November 21, 2024, at 8:00 a.m. ET; details below TSX/NYSE/PSE: MFC SEHK: 945 C$ unless otherwise stated TORONTO, Nov. 20, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") announced today that it has entered into a $5.4 billion1 reinsurance agreement with Reinsurance Group of America ("RGA"), including $2.4 billion of long-term care
NASHVILLE, Tenn., Nov. 13, 2024 /PRNewswire/ -- AllianceBernstein L.P. ("AB") (NYSE:AB), a leading global investment management firm, today announced plans to expand its insurance business through a non-exclusive partnership with Reinsurance Group of America, Incorporated ("RGA") (NYSE:RGA). AB has been named as one of the lead investors in Ruby Reinsurance Company ("Ruby Re"), a reinsurance sidecar vehicle sponsored by RGA and focused on the U.S. asset-intensive market. As part of this transaction, AB intends to manage private alternative assets for RGA's general account. AB's investment in Ruby Re represents a significant milestone in the firm's continued goal of leadership within insuran
TD Cowen initiated coverage of Reinsurance Group of America with a rating of Hold and set a new price target of $235.00
Barclays initiated coverage of Reinsurance Group of America with a rating of Overweight and set a new price target of $255.00
Jefferies upgraded Reinsurance Group of America from Hold to Buy and set a new price target of $189.00 from $171.00 previously
4 - REINSURANCE GROUP OF AMERICA INC (0000898174) (Issuer)
4 - REINSURANCE GROUP OF AMERICA INC (0000898174) (Issuer)
4 - REINSURANCE GROUP OF AMERICA INC (0000898174) (Issuer)
4 - REINSURANCE GROUP OF AMERICA INC (0000898174) (Issuer)
Citigroup analyst Michael Ward maintains Reinsurance Gr (NYSE:RGA) with a Buy and raises the price target from $194 to $252.
Jefferies analyst Suneet Kamath maintains Reinsurance Gr (NYSE:RGA) with a Buy and raises the price target from $63 to $64.
8-K - REINSURANCE GROUP OF AMERICA INC (0000898174) (Filer)
8-K - REINSURANCE GROUP OF AMERICA INC (0000898174) (Filer)
8-K - REINSURANCE GROUP OF AMERICA INC (0000898174) (Filer)
Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global life and health reinsurer, today announced the appointment of Alison Rand to its Board of Directors. Ms. Rand begins her service on April 1, 2024. "Throughout Alison's tenure as an executive leader, she has been a driving force behind achieving financial excellence and fostering investor trust," said Tony Cheng, President and CEO, RGA. "Her expertise as a former chief financial officer, combined with her background in corporate finance and risk management, will be pivotal as we execute on our enterprise strategy and continue our trajectory of growth and success." "Alison's comprehensive knowledge, spanning investor
Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global life and health reinsurer, today announced the appointment of Michele Bang to its Board of Directors. Ms. Bang began her service on October 1, 2023. "Michele brings strong expertise in the asset management and insurtech sectors across the Asia Pacific region, which will serve RGA well as we seek to capitalize on growth opportunities in the region and around the world," said Anna Manning, CEO, RGA. "Beyond her work in financial services, Michele's experience advising startups and investing in emerging businesses will also provide valuable insight to our organization." "With more than 30 years of experience in financi
Everest Re Group, Ltd. ("Everest") (NYSE:RE), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, announced the appointment of Hazel McNeilage as an independent, non-executive member of its Board of Directors, effective immediately. "Hazel's extensive global business experience and exceptional leadership acumen make her a valuable addition to Everest's Board," said Juan C. Andrade, Everest President and CEO. "Hazel brings a diverse, global perspective from decades of experience leading corporate growth and transformation strategies spanning five continents. I look forward to working closely with Hazel as we continue to