Reinsurance Group of America, Incorporated (NYSE:RGA) EVP Sells $264,734.73 in Stock

Reinsurance Group of America, Incorporated (NYSE:RGA) EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $218.97, for a total value of $264,734.73. Following the completion of the sale, the executive vice president now directly owns 12,357 shares in the company, valued at approximately $2,705,812.29. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Reinsurance Group of America Trading Down 0.4 %

Shares of Reinsurance Group of America stock opened at $218.55 on Thursday. Reinsurance Group of America, Incorporated has a 1 year low of $140.39 and a 1 year high of $227.87. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 16.98 and a beta of 0.91. The business has a fifty day simple moving average of $213.26 and a two-hundred day simple moving average of $204.16. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.17 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, August 1st. The insurance provider reported $5.48 EPS for the quarter, beating the consensus estimate of $4.94 by $0.54. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the prior year, the company posted $4.40 earnings per share. Reinsurance Group of America’s revenue was up 17.4% compared to the same quarter last year. Research analysts forecast that Reinsurance Group of America, Incorporated will post 21.7 EPS for the current year.

Reinsurance Group of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.89 per share. The ex-dividend date was Friday, August 9th. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.85. This represents a $3.56 annualized dividend and a dividend yield of 1.63%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 27.66%.

Institutional Investors Weigh In On Reinsurance Group of America

Institutional investors have recently made changes to their positions in the stock. Pineridge Advisors LLC bought a new position in Reinsurance Group of America during the 4th quarter worth $26,000. New Covenant Trust Company N.A. bought a new position in shares of Reinsurance Group of America in the first quarter worth $28,000. International Assets Investment Management LLC acquired a new position in Reinsurance Group of America in the second quarter valued at about $28,000. Rise Advisors LLC bought a new stake in Reinsurance Group of America during the first quarter worth about $29,000. Finally, Family Firm Inc. acquired a new stake in Reinsurance Group of America during the second quarter worth about $29,000. 95.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RGA has been the topic of a number of recent research reports. Barclays began coverage on Reinsurance Group of America in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $255.00 target price on the stock. Morgan Stanley reduced their target price on shares of Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. StockNews.com downgraded shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Wells Fargo & Company boosted their price target on shares of Reinsurance Group of America from $236.00 to $239.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada lifted their target price on Reinsurance Group of America from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.17.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.