Morgan Stanley Raises Its Price Target on Reinsurance Group of America, Incorporated (RGA) to $223 and Maintains an Equal Weight Rating

Reinsurance Group of America, Incorporated (NYSE:RGA) is among the 11 Cheap Growth Stocks to Buy Right Now.

Morgan Stanley Raises Its Price Target on Reinsurance Group of America, Incorporated (RGA) to $223 and Maintains an Equal Weight Rating

On March 3, 2026, Morgan Stanley raised the price target on Reinsurance Group of America, Incorporated (NYSE:RGA) to $223 from $208 and maintained an Equal Weight rating. Morgan Stanley said the update comes as the firm revises price targets across its Insurance – Life/Annuity North America coverage. Morgan Stanley added that while exposure to private credit is not viewed as a concern for life insurers, valuation pressure could still emerge across the broader industry.

On February 25, 2026, Wells Fargo raised its price target on Reinsurance Group to $261 from $238 and maintained an Overweight rating. Wells Fargo said that after Q4 guidance from most companies, the firm is generally lowering EPS estimates as outlooks came in in line with or below consensus for much of the group. Wells Fargo also said it is rolling valuation methodologies to 2027 EPS and introducing new 2028E EPS estimates.

Earlier in February, Reinsurance Group reported Q4 adjusted EPS of $7.75 versus consensus of $5.75 and revenue of $6.64B compared with consensus of $6.34B. President and Chief Executive Officer Tony Cheng highlighted a “very strong fourth quarter,” citing positive contributions across most business segments and describing the results as evidence of the company’s diversified global platform.

Reinsurance Group of America, Incorporated (NYSE:RGA) provides life and health and asset-intensive reinsurance services across the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

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