Reinsurance Group of America shares jump 9.85% intraday after Barclays raises price target to $245 and RGA reports strong Q4 earnings.

Reinsurance Group of America (RGA) surged 9.85% intraday following a strong earnings report and an upgraded price target from Barclays. The company’s Q4 adjusted operating income of $7.75 per share far exceeded analyst estimates of $5.80, driven by robust revenue growth and higher-than-expected normalized operating EPS of $6.71. Barclays raised its price target to $245 from $237, maintaining an Overweight rating, citing RGA’s strong financial health and favorable performance in key business segments. The results highlighted RGA’s differentiated performance, including favorable claims experience and successful re-pricing of the U.S. Group block. Analysts and investors responded positively, with multiple institutions raising price targets and increasing stakeholdings, reinforcing confidence in RGA’s valuation and growth prospects.