Reinsurance Group of America's stock surged 7.33% during intraday trading on Friday, reflecting strong investor confidence in the reinsurance company.
The significant price movement appears to be driven by positive analyst actions, particularly from Barclays which raised its price target on RGA to $245 from $237 following the company's fourth-quarter report. The firm maintained its Overweight rating on the shares, indicating continued optimism about the company's financial prospects.
Additional analyst coverage and insights on Reinsurance Group contributed to the bullish sentiment, with multiple financial analysts weighing in on the company alongside other financial sector names.
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