Why Reinsurance Group (RGA) is a Top Momentum Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
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.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
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 sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of A. The stock is up 1.1% and up 1% over the past one-week and four-week period, respectively, and Reinsurance Group has gained 44.2% in the last one-year period as well. Additionally, an average of 415,478.06 shares were traded over the last 20 trading sessions.
Momentum investors also pay close attention to a company's earnings. For RGA, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.89 to $14.97 per share for 2022. RGA boasts an average earnings surprise of 49.7%.
RGA should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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Reinsurance Group of America, Incorporated (RGA) : Free Stock Analysis Report
