JP Morgan Raises RGA Price Target to $297

JP Morgan has reiterated its Overweight rating on Reinsurance Group of America, raising the price target to $297, a 12.36% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:24 PM EDT

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JP Morgan raised its price target on Reinsurance Group of America, Incorporated ($RGA) to $297 from $293 on October 15, 2026, and rates the stock "Overweight".

Since the rating, $RGA is up 1.0% to date (from the $264.04 close on Oct 15, 2026).

RGA Reinsurance Group of America, Incorporated

$266.75 +32.78% year to date

Daily close · Oct 16, 2026

Key Points

On October 15, 2026, JP Morgan reiterated its Overweight rating on Reinsurance Group of America with a new price target of $297, up from $293.
JP Morgan's $297 price target implies 12.36% upside from Reinsurance Group of America, Incorporated's ($RGA) current $264.32 share price.
The stock closed at $264.32 on publication day, staying well above its 52-week low of $178.21 and reflecting positive momentum.
Analysts currently have a consensus buy recommendation with a mean price target of $272.33, indicating overall confidence in the company's prospects.

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JP Morgan has reiterated its Overweight rating on Reinsurance Group of America, Incorporated (NYSE: RGA) and raised its price target to $297 from $293 on October 15, 2026. The stock closed at $264.32, showing a solid performance relative to its 52-week range, which includes a low of $178.21 and a high of $257.81.

Analyst rating track record

JP Morgan vs. the S&P 500

YTD return -1.44% hypothetical

All-time return -1.44% S&P 500 +0.45%

vs. S&P 500 -1.89% behind the index

Hypothetical returns from JP Morgan's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in RGA

Blackrock Inc. grew its holdings by 131,579 shares, ending with 6,810,718 shares worth about $1.8 billion. Meanwhile, WCM Investment Management, LLC increased its stake by 176,353 shares, bringing its total to 3,007,065 shares valued at approximately $796.3 million. FMR, LLC, on the other hand, slightly reduced its position by 2,963 shares, maintaining a total of 5,923,875 shares worth around $1.57 billion, while Harris Associates L.P. cut back by 165,880 shares, leaving them with 4,684,424 shares valued at about $1.24 billion. Vanguard Portfolio Management LLC also trimmed its holdings by 10,863 shares, retaining 3,493,339 shares worth about $925.1 million.

Reinsurance Group of America, Incorporated Stock Up 7.6%

The stock is currently trading at $264.32, which is above its 50-day moving average of $243.32. This indicates a strong upward trend. With a market cap of approximately $16 billion and a P/E ratio of about 10.8, the stock remains attractive to investors looking for value in the financial services sector.

12-month forecast

$RGA price target

Reinsurance Group of America, Incorporated daily closes and this analyst's $297 target. Not advice.

Recent Earnings

In its most recent earnings report, Reinsurance Group of America posted revenue of approximately $25.97 billion, reflecting a revenue growth of 18.5%. The company's EPS stood at $22.70, with a net margin of 5.81%. The next earnings report is scheduled for October 29, 2026.

Dividend

Reinsurance Group of America pays an annual dividend rate of $3.92, yielding about 1.6% based on the current stock price. The company's dividend payout ratio is approximately 16.38%, suggesting a sustainable dividend policy.

Insider Buying and Selling at Reinsurance Group of America, Incorporated

Several insiders have sold shares of RGA recently. Jonathan Porter, an officer, sold 8,589 shares at an average price of $246.30 on August 12, 2026, totaling about $2.12 million. John W. Hayden also sold 414 shares for approximately $88,989 on May 20, 2026, while Ronald Herrmann sold 7,000 shares on May 14, 2026, for about $1.47 million, although the price for that transaction wasn't disclosed.

Analysts Set New Price Targets

On October 15, 2026, JP Morgan maintained its Overweight rating with a price target of $297. Similarly, Wells Fargo also kept its Overweight rating and increased its target to $292, while Barclays maintained an Overweight rating with targets of $292 and $286 on October 8 and 7, respectively. The consensus among analysts is a buy rating with a mean price target of approximately $272.33 based on nine analyst opinions.

About RGA

Reinsurance Group of America, Incorporated is a global leader in life and health reinsurance, offering various financial solutions in markets worldwide, including the U.S., Europe, and Asia. The company focuses on providing reinsurance products that support clients with risk management and capital solutions.

Bottom Line

With its upcoming earnings report on October 29, 2026, and JP Morgan's updated price target, investors will be watching closely for further developments. This 13F filing reflects past positions, and it remains to be seen how market conditions might influence RGA's performance moving forward.