NEW YORK ( TheStreet) -- Reinsurance Group of America (NYSE: RGA) hit a new 52-week high Tuesday as it traded at $62.21 compared with its previous 52-Week high of $62. Reinsurance Group of America is changing hands at $62.17 with 45,091 shares traded as of 9:37 a.m. ET. Average volume has been 525,300 shares over the past 30 days.

Reinsurance Group of America has a market cap of $4.4 billion and is part of the financial sector and insurance industry. Shares are up 15.2% year to date as of the close of trading on Monday.

Reinsurance Group of America, Incorporated, an insurance holding company, engages in individual and group life, annuity, asset-intensive, critical illness, and financial reinsurance in the United States, Canada, Europe, South Africa, and the Asia Pacific. The company has a P/E ratio of 7.8, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 15.8.
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TheStreet Ratings rates Reinsurance Group of America as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, robust revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Reinsurance Group of America Ratings Report.

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