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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]
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 ...
Reinsurance Group (RGA) Up 28.4% YTD: More Room for Growth?
ZACKS· 2024-06-21 13:50
New business volumes, favorable longevity experience, an improving interest rate environment, a diversified business and effective capital deployment were the primary drivers of the uptrend. Back-tested results show that stocks with a VGM Score of A or B and Zacks Rank #1 or 2 (Buy) offer the best opportunities in the value investing space. Earnings have grown 10.4% in the past five years, better than the industry average of 5.9% Significant value embedded in the in-force business helps generate predictable ...
Should Value Investors Buy Reinsurance Group of America (RGA) Stock?
ZACKS· 2024-06-05 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued ...
Reinsurance Group Of America: Favorable Tailwinds Can Support A Higher Valuation
seekingalpha.com· 2024-05-29 03:25
JHVEPhoto Reinsurance Group of America (NYSE:RGA) has been a strong performer over the past year, rising over 40%. While catastrophe risk has kept me generally cautious on the reinsurance sector as a whole, RGA has a unique business mix, focused in life and health, which has differentiated it. I last covered shares of RGA in January, rating the stock a buy. Since that recommendation, the stock has rallied by about 27%, about double the S&P 500's return. Shares are now nearly at my $210 upside price target, ...