Jefferies Upgrades Reinsurance Group of America (RGA) to Buy

Jefferies analyst Suneet Kamath upgraded Reinsurance Group of America (NYSE: RGA) from Hold to Buy with a price target of $189.00 (from $171.00).

The analyst comments "Our upgrade reflects expectations for strong top line and EPS growth. Ex. FX, premium growth has been accelerating of late, reaching >10% on a TTM basis. Expected growth opportunities include Asia, with the shift from solvency to economic capital serving as a catalyst, bio-metric elements of risk transfer and PRT. Separately, RGA's excess capital remains over $1B, despite record capital deployment of $0.6B YTD. We raise our PT from $171 to $189."

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 $162.75 yesterday.

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