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Reinsurance Group (RGA) Receives a Buy from Piper Sandler

Tipranks - Tipranks - Sat Feb 7, 6:42AM CST

In a report released today, John Barnidge from Piper Sandler maintained a Buy rating on Reinsurance Group, with a price target of $230.00.

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According to TipRanks, Barnidge is a 5-star analyst with an average return of 9.4% and a 62.38% success rate. Barnidge covers the Financial sector, focusing on stocks such as Apollo Global Management, Prudential Financial, and Globe Life.

In addition to Piper Sandler, Reinsurance Group also received a Buy from J.P. Morgan’s Jimmy Bhullar in a report issued today. However, on January 28, TD Cowen maintained a Hold rating on Reinsurance Group (NYSE: RGA).

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Based on Reinsurance Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.23 billion and a net profit of $253 million. In comparison, last year the company earned a revenue of $5.61 billion and had a net profit of $156 million

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