RBC Capital raised the firm’s price target on Reinsurance Group (RGA) to $245 from $235 and keeps an Outperform rating on the shares. The company reported another upside quarter on momentum across its segments – particularly in EMEA & APAC – and while the actuarial review caused some noise, its underlying profitability remains healthy and its premium growth was solid with multiple new business wins, the analyst tells investors in a research note.
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