Reinsurance Group of America rises; TD Cowen starts coverage with 'hold'

Reinsurance of America, Incorporated

09/10/2024 19:07

** Life and health reinsurance firm Reinsurance Group of
America's  RGA.N  shares rise ~1.2% to $216.29
    ** TD Cowen initiates RGA coverage with "hold" rating and PT
of $235
    ** Brokerage expects co's organic premium growth to be
fueled by international markets and activity in U.S.
    ** TD Cowen says RGA has opportunistically grown under
higher rates, but premium growth would likely slow down, if
rates decline  
    ** 11 of 14 brokerages rate the stock "buy" or higher, 3
"hold"; their median PT is $242 — data compiled by LSEG
    ** Including session's moves, stock up ~34% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))