- "In the current environment we think insurers that demonstrate growth with limited macro sensitive will trade at a premium,” says analyst Michael Kovac, upgrading Reinsurance Group of America (NYSE:RGA) to Buy, and boosting the price target to $108 from $96.
- Regulatory issues have some European insurers exiting lines or looking for additional reinsurance from the U.S., which should be good for the company, he adds.
- Unum Group (NYSE:UNM), however, is cut to Sell with $30 price target. While the company appears well-positioned in the U.S. Group Market, increasing competition may not yet be factored into consensus expectations.
- Assurant (NYSE:AIZ) is maintained at a Buy with $95 price target. It's a defensive name, but Kovac is positive on growth prospects.
Reinsurance Group of America boosted, Unum cut at Goldman
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Symbol | Last Price | % Chg |
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RGA | - | - |
Reinsurance Group of America, Incorporated |