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Reinsurance Group (RGA) is a Top-Ranked Growth Stock: Should You Buy?

Zacks Equity Research
·2 min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

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Reinsurance Group (RGA)

Formed in 1992 in Timberlake, MO, Reinsurance Group of America Inc. is a leading global provider of traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia and Australia.

RGA boasts a Growth Style Score of B and VGM Score of A, and holds a Zacks Rank #1 (Strong Buy) rating. Its bottom-line is projected to rise 3% year-over-year for 2024, while Wall Street anticipates its top line to improve by 6.1%.

Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $1.31 to $20.48 per share. RGA also boasts an average earnings surprise of 19.5%.

Reinsurance Group is also cash rich. The company has generated cash flow growth of 9.9%, and is expected to report cash flow expansion of 32.2% in 2024.

Investors should take the time to consider RGA for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Reinsurance Group of America, Incorporated (RGA) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research