Reinsurance Group (RGA) Looks Good: Stock Adds 7.1% in Session
Reinsurance Group of America, Incorporated RGA a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock, which remained volatile and traded within the range of $67.56-$84.87 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen two negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Reinsurance Group currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Reinsurance Group of America, Incorporated Price
Investors interested in the Insurance - Life Insurance industry may consider Brighthouse Financial, Inc. BHF, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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