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Reinsurance Group (RGA) is a Top-Ranked Growth Stock: Should You Buy?
ZACKS· 2024-08-09 14:46
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium includes access to the Zacks Style ...
RGA(RGA) - 2024 Q2 - Earnings Call Transcript
2024-08-02 18:23
Reinsurance Group of America, Incorporated (NYSE:RGA) Q2 2024 Results Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Jeffrey Hopson - Senior Vice President, Investor Relations Tony Cheng - President and Chief Executive Officer Todd Larson - Senior Executive Vice President and Chief Financial Officer Jonathan Porter - Chief Risk Officer Leslie Barbi - Chief Investment Officer Conference Call Participants Joel Hurwitz - Dowling & Partners Wes Carmichael - Autonomous Research Jimmy Bh ...
Reinsurance Group (RGA) Q2 Earnings and Revenues Beat
ZACKS· 2024-08-02 17:11
Reinsurance Group of America, Incorporated (RGA) reported second-quarter 2024 adjusted operating earnings of $5.48 per share, which beat the Zacks Consensus Estimate by 10.9%. The bottom line increased 24.5% from the year-ago quarter. Net foreign currency fluctuations had a favorable effect of 6 cents per share on adjusted operating income compared with the prior year. Reinsurance Group witnessed a solid performance in the U.S. and Latin America, Europe, Middle East and Africa (EMEA) and Asia/Pacific segmen ...
RGA(RGA) - 2024 Q2 - Earnings Call Presentation
2024-08-02 17:09
1 2Q24 Earnings Presentation Reinsurance Group of America, Incorporated 08.01.2024 This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and federal securities laws including, among others, statements relating to projections of the future operations, strategies, earnings, revenues, income or loss, ratios, financial performance, and growth potential of Reinsurance Group of America, Incorporated (the "Company"). Forward-looking statements ...
Compared to Estimates, Reinsurance Group (RGA) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-08-02 01:02
Reinsurance Group (RGA) reported $5.15 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 20.3%. EPS of $5.48 for the same period compares to $4.40 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $4.92 billion, representing a surprise of +4.70%. The company delivered an EPS surprise of +10.93%, with the consensus EPS estimate being $4.94. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...
Reinsurance Group (RGA) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2024-08-01 23:25
Reinsurance Group (RGA) came out with quarterly earnings of $5.48 per share, beating the Zacks Consensus Estimate of $4.94 per share. This compares to earnings of $4.40 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.93%. A quarter ago, it was expected that this reinsurance company would post earnings of $4.51 per share when it actually produced earnings of $6.02, delivering a surprise of 33.48%. Over the last four quarter ...
Reinsurance Group (RGA) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-07-31 17:01
Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Reinsurance Group (RGA) currently holding a Momentum Style Score of B [2] - Style Scores complement the Zacks Rank system, which has a strong track record of outperforming the market [3] Group 2: Reinsurance Group (RGA) Performance - RGA shares have increased by 3.83% over the past week, outperforming the Zacks Insurance - Life Insurance industry, which rose by 1.46% [5] - Over the last quarter, RGA shares rose by 11.11%, and over the past year, they increased by 59.75%, while the S&P 500 only moved 8.32% and 20.21%, respectively [6] - RGA's average 20-day trading volume is 396,939 shares, indicating a bullish sign with rising stock prices [7] Group 3: Earnings Outlook for RGA - In the past two months, four earnings estimates for RGA have been revised upwards, with no downward revisions, boosting the consensus estimate from $20.66 to $21.11 [9] - For the next fiscal year, four estimates have also moved upwards, indicating positive sentiment [9] - RGA is rated as a 2 (Buy) stock with a Momentum Score of B, making it a promising near-term investment [9]
Reinsurance Group of America, Incorporated (RGA) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-07-31 14:16
What's Driving the Outperformance? Valuation Metrics Reinsurance Group has a Value Score of A. The stock's Growth and Momentum Scores are A and B, respectively, giving the company a VGM Score of A. We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Reinsurance Group currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates. Have you been paying attention to shares of Reinsurance Group (RGA) ? Shares have been on the move with ...
Seeking Clues to Reinsurance Group (RGA) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
ZACKS· 2024-07-29 14:22
Wall Street analysts expect Reinsurance Group (RGA) to post quarterly earnings of $4.94 per share in its upcoming report, which indicates a year-over-year increase of 12.3%. Revenues are expected to be $4.92 billion, up 14.9% from the year-ago quarter. Over the last 30 days, there has been an upward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this t ...
Here's Why Reinsurance Group (RGA) is a Strong Growth Stock
ZACKS· 2024-07-24 14:46
Core Insights - Zacks Premium provides various tools for investors to confidently navigate the stock market and maximize returns [1][13] Zacks Style Scores - The Zacks Style Scores categorize stocks into four types: Value, Growth, Momentum, and VGM, which help investors identify stocks with the highest potential to outperform the market [2][3][4][5][6] - The Value Style Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Cash Flow [3] - The Growth Style Score emphasizes a company's financial health and future growth potential, analyzing projected and historical earnings and sales [4] - The Momentum Style Score identifies trends in stock prices and earnings estimates to determine optimal buying times [5] - The VGM Score combines the three styles to highlight stocks with attractive value, strong growth forecasts, and promising momentum [6] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to assist investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500, with an average annual return of +25.41% since 1988 [15] Stock Highlight: Reinsurance Group of America Inc. (RGA) - RGA is rated 1 (Strong Buy) on the Zacks Rank and has a VGM Score of A, making it a strong candidate for investors [11][12] - Recent upward revisions in earnings estimates for RGA indicate a consensus estimate increase of $0.45 to $21.11 per share for fiscal 2024, with an average earnings surprise of 19.5% [20] - RGA is projected to have year-over-year earnings growth of 6.2% for the current fiscal year, making it appealing for growth investors [20] - The company operates globally, providing life and health reinsurance and financial solutions across multiple regions [19]