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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
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. Zacks Premium also includes the Zacks Style Scores. The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest ...
What Makes Reinsurance Group (RGA) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-07-15 17:01
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. You can see the current list of Zacks #1 Rank Stocks here >>> Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the c ...
Reinsurance Group of America, Incorporated (RGA) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2024-07-15 14:16
What's Driving the Outperformance? For the current fiscal year, Reinsurance Group is expected to post earnings of $21.11 per share on $21.61 billion in revenues. This represents a 6.19% change in EPS on a 13.43% change in revenues. For the next fiscal year, the company is expected to earn $22.02 per share on $21.73 billion in revenues. This represents a year-overyear change of 4.31% and 0.6%, respectively. Reinsurance Group may be at a 52-week high right now, but what might the future hold for the stock? A ...
Is Reinsurance Group of America (RGA) Stock Undervalued Right Now?
ZACKS· 2024-07-12 14:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by th ...