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Reinsurance Group (RGA) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
ZACKS· 2024-10-28 14:21
Core Viewpoint - Analysts project that Reinsurance Group (RGA) will report quarterly earnings of $5.15 per share, reflecting a year-over-year decline of 7.5%, with revenues expected to reach $5.03 billion, down 4.7% from the same quarter last year [1] Earnings Estimates - The consensus EPS estimate has been revised upward by 0.9% in the past 30 days, indicating a reassessment of initial estimates by covering analysts [2] - Revisions to earnings projections are crucial for predicting investor behavior regarding the stock, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price performance [3] Revenue and Key Metrics Projections - Analysts estimate 'Revenues- Other revenues' at $101.48 million, indicating a year-over-year change of -0.5% [5] - The consensus for 'Revenues- Net premiums' is projected at $4.02 billion, reflecting a decline of 5.6% from the previous year [5] Pre-tax Adjusted Operating Income Projections - 'Pre-tax adjusted operating income (loss)- Total Asia Pacific' is expected to be $144.30 million, down from $178 million year-over-year [5] - 'Pre-tax adjusted operating income (loss)- Total Canada' is forecasted at $43.23 million, compared to $40 million in the same quarter last year [6] - 'Pre-tax adjusted operating income (loss)- Total U.S. and Latin America' is estimated at $202.93 million, down from $239 million year-over-year [6] - 'Pre-tax adjusted operating income (loss)- Total EMEA' is projected to reach $96.43 million, up from $49 million last year [7] - 'Pre-tax adjusted operating income (loss)- Asia Pacific Traditional' is expected to be $83.51 million, down from $134 million year-over-year [7] - 'Pre-tax adjusted operating income (loss)- Asia Pacific Financial Solutions' is estimated at $58.89 million, compared to $44 million in the same quarter last year [8] - 'Pre-tax adjusted operating income (loss)- Canada Traditional' is projected at $30.32 million, up from $10 million last year [8] - 'Pre-tax adjusted operating income (loss)- U.S. and Latin America- Traditional' is expected to be $113.26 million, compared to $103 million in the same quarter last year [9] - 'Pre-tax adjusted operating income (loss)- EMEA Financial Solutions' is projected at $79.69 million, down from $108 million last year [9] Stock Performance - Shares of Reinsurance Group have decreased by 2.4% in the past month, contrasting with a 2% increase in the Zacks S&P 500 composite [10] - RGA holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the overall market in the near future [10]
Is Reinsurance Group of America (RGA) a Great Value Stock Right Now?
ZACKS· 2024-10-21 14:46
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, inc ...
Why Reinsurance Group (RGA) is a Top Growth Stock for the Long-Term
ZACKS· 2024-10-14 14:50
Core Insights - Zacks Premium provides various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors identify stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4] - Value Score identifies undervalued stocks using financial ratios [3] - Growth Score assesses a company's financial health and future growth potential [3] - Momentum Score capitalizes on existing price trends and earnings outlook [4] - VGM Score combines all three styles to highlight stocks with the best overall characteristics [4] Zacks Rank and Performance - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors [5] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [6] - There are typically over 800 stocks rated 1 or 2, making it essential for investors to utilize Style Scores for better selection [7] Stock Selection Strategy - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [8] - Stocks with lower ranks, even if they have good Style Scores, may still face downward price pressure due to negative earnings forecasts [9] Company Spotlight: Reinsurance Group of America (RGA) - RGA is a leading global provider of life and health reinsurance, currently rated 2 (Buy) with a VGM Score of A [10] - The company is projected to have a year-over-year earnings growth of 9.7% for the current fiscal year, supported by upward revisions from analysts [11] - RGA's earnings consensus estimate has increased by $0.30 to $21.80 per share, with an average earnings surprise of 20.5% [11]
Will Reinsurance Group (RGA) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-10-04 17:16
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Reinsurance Group (RGA) , which belongs to the Zacks Insurance - Life Insurance industry. When looking at the last two reports, this reinsurance company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 22.21%, on average, in the last two quarters. For the most recent quarter, Reinsurance Group was expected to ...
All You Need to Know About Reinsurance Group (RGA) Rating Upgrade to Buy
ZACKS· 2024-10-04 17:02
Reinsurance Group (RGA) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a c ...
Reinsurance Group Rallies 35.1% YTD: What's Driving the Stock?
ZACKS· 2024-09-27 13:26
Reinsurance Group of America (RGA) shares have rallied 35.1% year to date (YTD) compared with the industry's growth of 21.5%. The Finance sector and the Zacks S&P 500 index have returned 14.3% and 20% YTD, respectively. With a market capitalization of $14.39 billion, the average volume of shares traded in the last three months was 0.3 million. RGA Outperforms Industry, Sector, S&P YTD Image Source: Zacks Investment Research The rally was driven by its strong momentum in U.S. Traditional, Longevity/PRT, Asia ...
Reinsurance Group Of America's Rally Can Continue
Seeking Alpha· 2024-09-17 20:21
Shares of the Reinsurance Group of America, Incorporated (NYSE: RGA ) have been a tremendous performer over the past year, surging over 50%. Performance has been more volatile lately with the stock reacting negatively to Q2 results last month, though those losses have Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question f ...
Behavioral Science in Life Insurance Focus of New Study from Society of Actuaries Research Institute
Prnewswire· 2024-09-12 18:17
Core Insights - The Society of Actuaries (SOA) Research Institute, in collaboration with Reinsurance Group of America (RGA), conducted research on behavioral science to enhance the life insurance purchasing process [1][2] - The report titled "Searching for Simplicity" emphasizes the need for insurers to simplify product information to improve customer understanding and engagement [2][3] Research Findings - The research involved two experiments with 2,000 U.S.-based participants each, focusing on improving comprehension of life insurance messages and the effectiveness of human versus AI-generated videos [3] - Insights from the research indicate that applying behavioral science can enhance comprehension, trust, and clarity in life insurance products [2][3] Organizational Background - The Society of Actuaries (SOA) is the largest actuarial professional organization with over 33,000 members, aiming to lead in risk measurement and management [4] - Reinsurance Group of America (RGA) is a leading global reinsurer with approximately $3.8 trillion of life reinsurance in force and assets of $109.9 billion as of June 30, 2024 [5]
Reinsurance Group Stock Near 52-Week High: Time to Buy?
ZACKS· 2024-08-29 16:26
Shares of Reinsurance Group of America (RGA) closed at $218.29 on Wednesday, near its 52-week high of $227.87, after having gained 34.9% year to date. Shares outperformed the industry, the Finance sector as well as the Zacks S&P 500 composite index in the same time frame. This leading global provider of traditional life and health reinsurance and financial solutions delivered an earnings surprise in each of the last four quarters. RGA's strong momentum in U.S. Traditional, Longevity/PRT, Asia Asset-Intensiv ...
Recent Dip A Buying Opportunity For Shares Of Reinsurance Group Of America
Seeking Alpha· 2024-08-10 06:55
JHVEPhoto Investment thesis The shares of Reinsurance Group of America, Incorporated (NYSE:RGA) dipped 14.12% on Friday, August 2, 2024 and Monday, August 5. Some might consider that a warning of trouble ahead. RGA 1-month price chart (Seeking Alpha) However, I see it as an opportunity to buy a strong stock at a discounted price, and probably for a limited time. I have a one-year price target that is nearly 19% above the current price and have rated it a Strong Buy. What's more, the Quant system gives it on ...