Morgan Stanley Raises Its Price Target on Reinsurance Group of America, Incorporated (RGA) to $223 and Maintains an Equal Weight Rating

Core Insights - Reinsurance Group of America, Incorporated (NYSE:RGA) is identified as one of the 11 cheap growth stocks to consider for investment [1] - Recent price target adjustments by Morgan Stanley and Wells Fargo indicate a positive outlook for RGA, with targets raised to $223 and $261 respectively [2][3] Financial Performance - RGA reported Q4 adjusted EPS of $7.75, significantly exceeding the consensus estimate of $5.75, and revenue of $6.64 billion, surpassing the consensus of $6.34 billion [4] - The CEO, Tony Cheng, described the fourth quarter as "very strong," highlighting positive contributions across most business segments [4] Analyst Ratings - Morgan Stanley maintained an Equal Weight rating while raising the price target to $223, citing a revision of price targets across the insurance sector [2] - Wells Fargo maintained an Overweight rating and raised its price target to $261, indicating a general lowering of EPS estimates for the industry following Q4 guidance [3] Company Overview - RGA provides life and health and asset-intensive reinsurance services across various regions including the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia [5]