Here's Why Reinsurance Group (RGA) is a Strong Growth Stock

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]