Reinsurance Group of America (NYSE:RGA) EVP Sells 8,589 Shares

Reinsurance Group of America, Incorporated (NYSE:RGA) EVP Jonathan Porter sold 8,589 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $246.30, for a total value of $2,115,470.70. Following the transaction, the executive vice president directly owned 14,885 shares in the company, valued at $3,666,175.50. This trade represents a 36.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Reinsurance Group of America Trading Down 0.9%

Shares of Reinsurance Group of America stock traded down $2.34 during midday trading on Monday, reaching $247.11. 598,425 shares of the company’s stock traded hands, compared to its average volume of 358,476. The stock has a 50 day moving average of $228.03 and a 200-day moving average of $215.80. Reinsurance Group of America, Incorporated has a 12 month low of $178.21 and a 12 month high of $251.00. The company has a market cap of $16.14 billion, a PE ratio of 10.85 and a beta of 0.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.14 and a current ratio of 0.14.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, August 6th. The insurance provider reported $8.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.39. The business had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.67 billion. Reinsurance Group of America had a net margin of 5.81% and a return on equity of 14.78%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.72 EPS. As a group, equities analysts expect that Reinsurance Group of America, Incorporated will post 28.26 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, August 18th. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.93. Reinsurance Group of America’s payout ratio is presently 16.34%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. SG Americas Securities LLC increased its holdings in shares of Reinsurance Group of America by 26.5% during the 1st quarter. SG Americas Securities LLC now owns 89,847 shares of the insurance provider’s stock valued at $18,343,000 after purchasing an additional 18,826 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Reinsurance Group of America by 34.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 21,293 shares of the insurance provider’s stock valued at $4,332,000 after buying an additional 5,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Reinsurance Group of America by 8,703.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 50,974 shares of the insurance provider’s stock worth $10,371,000 after acquiring an additional 50,395 shares during the period. Interval Partners LP boosted its stake in shares of Reinsurance Group of America by 186.5% during the 4th quarter. Interval Partners LP now owns 69,739 shares of the insurance provider’s stock worth $14,189,000 after acquiring an additional 45,399 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Reinsurance Group of America by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 149,514 shares of the insurance provider’s stock valued at $30,525,000 after acquiring an additional 4,913 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RGA has been the subject of a number of research reports. Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a research report on Friday, August 7th. Evercore reissued an “outperform” rating and issued a $267.00 target price on shares of Reinsurance Group of America in a research report on Monday, May 18th. UBS Group upgraded Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company lifted their price target on Reinsurance Group of America from $261.00 to $269.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $257.11.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.