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Analysts Offer Insights on Financial Companies: Mid Penn Bancorp (MPB), Ares Management (ARES) and Reinsurance Group (RGA)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Mid Penn Bancorp (MPBResearch Report), Ares Management (ARESResearch Report) and Reinsurance Group (RGAResearch Report).

Mid Penn Bancorp (MPB)

Piper Sandler analyst Frank Schiraldi maintained a Buy rating on Mid Penn Bancorp today and set a price target of $25.00. The company’s shares closed last Thursday at $20.99.

According to TipRanks.com, Schiraldi is a 5-star analyst with an average return of 11.6% and a 54.5% success rate. Schiraldi covers the Financial sector, focusing on stocks such as Valley National Bancorp, Oceanfirst Financial, and Northwest Bancshares.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mid Penn Bancorp with a $26.00 average price target, which is a 24.4% upside from current levels. In a report issued on April 24, KBW also assigned a Buy rating to the stock with a $27.00 price target.

See today’s best-performing stocks on TipRanks >>

Ares Management (ARES)

Oppenheimer analyst Chris Kotowski maintained a Hold rating on Ares Management today. The company’s shares closed last Thursday at $134.64, close to its 52-week high of $139.48.

According to TipRanks.com, Kotowski is a top 25 analyst with an average return of 19.7% and a 68.9% success rate. Kotowski covers the Financial sector, focusing on stocks such as Apollo Global Management, Victory Capital Holdings, and JPMorgan Chase & Co.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ares Management with a $145.20 average price target, which is a 12.6% upside from current levels. In a report issued on April 24, Morgan Stanley also maintained a Hold rating on the stock with a $136.00 price target.

Reinsurance Group (RGA)

In a report released today, John Barnidge from Piper Sandler maintained a Buy rating on Reinsurance Group, with a price target of $220.00. The company’s shares closed last Thursday at $191.18, close to its 52-week high of $196.25.

According to TipRanks.com, Barnidge is a 5-star analyst with an average return of 9.1% and a 57.4% success rate. Barnidge covers the Financial sector, focusing on stocks such as American Equity Investment Life, Corebridge Financial, Inc., and F&G Annuities & Life Inc.

Currently, the analyst consensus on Reinsurance Group is a Strong Buy with an average price target of $215.00, implying an 11.9% upside from current levels. In a report released yesterday, KBW also assigned a Buy rating to the stock with a $220.00 price target.

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