Here's Why You Should Buy Reinsurance Group (RGA) For Now
Zacks Investment Research | Nov 22, 2017 09:31PM ET
Reinsurance Group of America, Incorporated (NYSE:RGA) remains well poised for growth, banking on changing life reinsurance pricing environment and expanding business in the pension risk transfer market. The Zacks Rank #2 (Buy) life insurer holds immense potential owing to a few good growth drivers.
Growth Projections: The stock has seen the Zacks Consensus Estimate for current-year earnings per share being pegged at $11.07 and for 2018, at $10.83. The consensus mark for 2017 reflects a year-over-year increase of 13.8% though the same for 2018 declined 2.2%.
Revenues are estimated to grow 9.3% and 3.6% year over year for 2017 and 2018, respectively.
The expected long-term earnings growth is pegged at 9%.
Northbound Estimates: The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 8.6% upward and for 2018, 0.7% over the last 30 days.
Price Outperformance: Shares of Reinsurance Group have rallied 25% in a year, outperforming the S&P 500 index’s gain of 18.2% as well as .
Torchmark provides various life and health insurance products, and annuities in the United States, Canada and New Zealand. The company delivered an average four-quarter positive surprise of 2.17%. Shares of the company have rallied 20.1% in a year.
Primerica distributes financial products to middle income households in the United States and Canada. The company pulled off an average four-quarter positive surprise of 0.96%. Shares of the company have surged 36.8% in a year.
American Equity Investment develops and sells fixed index and fixed rate annuity products in the United States. The company delivered an average four-quarter positive surprise of 24.26%. Shares of the company have soared 42.7% in a year.
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