Reinsurance Group of America, Incorporated (NYSE:RGA) Plans Quarterly Dividend of $0.89

Reinsurance Group of America, Incorporated (NYSE:RGA) announced a quarterly dividend on Thursday, October 31st, RTT News reports. Stockholders of record on Tuesday, November 12th will be given a dividend of 0.89 per share by the insurance provider on Tuesday, November 26th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Friday, November 8th.

Reinsurance Group of America has increased its dividend payment by an average of 5.6% per year over the last three years and has raised its dividend annually for the last 16 consecutive years. Reinsurance Group of America has a payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Reinsurance Group of America to earn $22.56 per share next year, which means the company should continue to be able to cover its $3.56 annual dividend with an expected future payout ratio of 15.8%.

Reinsurance Group of America Trading Up 0.8 %

Reinsurance Group of America stock opened at $213.14 on Wednesday. Reinsurance Group of America has a one year low of $151.90 and a one year high of $227.87. The stock has a market cap of $14.04 billion, a PE ratio of 19.57 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a 50-day moving average of $215.77 and a two-hundred day moving average of $209.82.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping the consensus estimate of $5.31 by $0.82. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. Reinsurance Group of America’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.57 EPS. On average, research analysts anticipate that Reinsurance Group of America will post 21.8 EPS for the current fiscal year.

Insider Buying and Selling

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the transaction, the executive vice president now owns 12,357 shares of the company’s stock, valued at $2,705,812.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on RGA shares. Morgan Stanley decreased their target price on 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. Barclays cut their price objective on shares of Reinsurance Group of America from $255.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. JPMorgan Chase & Co. raised their target price on Reinsurance Group of America from $220.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Royal Bank of Canada boosted their price target on Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Monday. Finally, StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $227.38.

Reinsurance Group of America Company Profile

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.