Barclays Raises Estimates on Reinsurance Group of America (RGA); Accretive Deal with John Hancock
Tweet Send to a FriendGet Alerts RGA Hot Sheet
Price: $65.32 +0.59%
Rating Summary:
3 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 13
Rating Summary:
3 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 13
Trade RGA Now!
Barclays maintains an 'Overweight' on Reinsurance Group of America (NYSE: RGA) price target of $70.00.
Analyst, Sarah DeWitt, raises FY12 EPS estimate from $7.05 to $7.25 and FY13 from $7.75 to $8.00. DeWitt is positive on the company's recent agreement to reinsure the majority of John Hancock's fixed annuity business (approx. $5.4bln). The deal is supposed to be immediately accretive to RGA. The company should continue to benefit from positive exposure in the marketplace.
For an analyst ratings summary and ratings history on Reinsurance Group of America click here. For more ratings news on Reinsurance Group of America click here.
Shares of Reinsurance Group of America closed at $54.65 yesterday, with a 52 week range of $44.51-$64.32.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Sarah DeWitt, raises FY12 EPS estimate from $7.05 to $7.25 and FY13 from $7.75 to $8.00. DeWitt is positive on the company's recent agreement to reinsure the majority of John Hancock's fixed annuity business (approx. $5.4bln). The deal is supposed to be immediately accretive to RGA. The company should continue to benefit from positive exposure in the marketplace.
For an analyst ratings summary and ratings history on Reinsurance Group of America click here. For more ratings news on Reinsurance Group of America click here.
Shares of Reinsurance Group of America closed at $54.65 yesterday, with a 52 week range of $44.51-$64.32.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Benchmark Boosts PT on R.R. Donnelley (RRD)
- Deutsche Bank Raises PT on NetApp (NTAP) to $48
- KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Barclays
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
