Market Overview

UPDATE: Citigroup Initiates Reinsurance Group of America at Neutral on Near-Term Headwinds

Share:
Related RGA
10 Largest Price Target Changes For Friday
Goldman's Upgrades And Downgrades For The Life Insurance Industry
Notable earnings after Thursday's close (Seeking Alpha)

Citigroup initiated coverage on Reinsurance Group of America, Incorporated (NYSE: RGA) with a Neutral rating and a $60.00 price target.

Citigroup commented, "Cautious U.S. growth outlook, but pricing environment remains favorable — Our model projects low-mid single digit premium growth in the U.S. as a result of tepid life insurance sales and the decline in cession rates (from >60% in the early 2000s to <30% currently). Most growth is coming from newer products such as group reinsurance and long-term care. While growth is challenging, returns remain healthy as industry consolidation has created a favorable pricing dynamic."

Reinsurance Group of America closed at $54.52 on Wednesday.

Latest Ratings for RGA

DateFirmActionFromTo
Jul 2016Goldman SachsUpgradesNeutralBuy
Jul 2016CitigroupMaintainsNeutral
Jul 2016Deutsche BankMaintainsBuy

View More Analyst Ratings for RGA
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (RGA)

View Comments and Join the Discussion!