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

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Morgan Stanley Lowers Price Target On Reinsurance Group Of America On Seasonally Strong 4Q Results
Earnings Scheduled For February 2, 2015

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
Feb 2015Keefe Bruyette &amp; WoodsMaintainsMarket Perform
Dec 2014Keefe Bruyette &amp; WoodsMaintainsMarket Perform
Dec 2014Keefe Bruyette &amp; WoodsMaintainsMarket Perform

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

 

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