Reinsurance Group of America's stock surged 6.78% during pre-market trading on Friday, showing strong investor interest ahead of the regular session.
The significant price movement appears to be driven by positive analyst sentiment, 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 confidence in the reinsurance company's prospects.
Additional analyst coverage and insights on Reinsurance Group contributed to the optimistic trading environment, with multiple financial analysts weighing in on the company alongside other financial sector names.
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