Reinsurance Group of America (RGA) PT Raised to $235 at RBC Capital

RBC Capital analyst Mark A. Dwelle raised the price target on Reinsurance Group of America (NYSE: RGA) to $235.00 (from $225.00) while maintaining a Outperform rating.

The analyst comments "RGA continues the solid momentum seen over the past year across most areas of the business. Earnings power has been visible in recent quarters and this quarter was an example of it (with no visible soft spots by segment). Premium growth remains healthy as the company is having success internationally (Asia) as well as in areas such as PRT and longevity business. RGA remained active with inforce block transaction activity albeit below Q1 levels. RGA remains a clean story in the life space with good earnings power in the current environment in our view."

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