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Why it should be on your radar
Building a successful investment portfolio takes skill and hard work, no matter whether you are a growth, value, income or momentum-focused investor.
Should you buy the #1 ranked (Strong Buy) reinsurance group (RGA) for your portfolio?
Reinsurance Group was upgraded to the Zacks Rank #1 list on May 8, 2024. The Zacks Rank is a unique stock ranking model that helps you take advantage of earnings estimate revision trends and provides a way to tap into shares highly sought after by investing institutions.
Formed in 1992 in Timberlake, MO, Reinsurance Group of America Inc. is a leading global provider of traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia and Australia.
Four analysts have revised their earnings estimates upward over the past 60 days for fiscal 2024, while the Zacks Consensus Estimate has risen $1.22 to $20.48 per share. RGA also has an average earnings surprise of 19.5%.
Profits are expected to grow 3% in the current fiscal year, while revenue is expected to increase 6.1%.
RGA has also risen over the past four weeks, rising 9.7% compared to the S&P 500’s 4% gain.
Conclusion
With a #1 Rating (Strong Buy), positive trend in earnings estimate revisions, and strong market momentum, Reinsurance Group could be the right stock to help your portfolio generate returns that could fund your retirement, college tuition and your children or your short- and long-term savings goals.
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Reinsurance Group of America, Incorporated (RGA): Free Stock Analysis Report