Reinsurance Group of America (RGA) Set to Announce Earnings on Thursday

Reinsurance Group of America (NYSE:RGA) is set to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Reinsurance Group of America to post earnings of $4.57 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.40 by $0.33. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period in the prior year, the business posted $2.99 earnings per share. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, analysts expect Reinsurance Group of America to post $19 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Reinsurance Group of America Trading Up 0.5 %

Shares of RGA opened at $191.01 on Thursday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average is $183.66 and its two-hundred day moving average is $168.79. Reinsurance Group of America has a twelve month low of $133.13 and a twelve month high of $196.25. The firm has a market capitalization of $12.57 billion, a P/E ratio of 14.22 and a beta of 0.89.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were given a $0.85 dividend. The ex-dividend date was Monday, February 12th. This represents a $3.40 annualized dividend and a dividend yield of 1.78%. Reinsurance Group of America’s dividend payout ratio is presently 25.32%.

Insider Activity at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,908 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total transaction of $346,950.72. Following the completion of the sale, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at approximately $2,429,927.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total transaction of $346,950.72. Following the completion of the transaction, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at approximately $2,429,927.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William L. Hutton sold 1,588 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $171.83, for a total transaction of $272,866.04. Following the transaction, the executive vice president now directly owns 13,625 shares of the company’s stock, valued at $2,341,183.75. The disclosure for this sale can be found here. In the last three months, insiders sold 6,462 shares of company stock valued at $1,162,239. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

RGA has been the topic of several research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $212.00 price target on shares of Reinsurance Group of America in a research report on Friday, April 12th. UBS Group upped their price objective on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Morgan Stanley upped their price objective on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. upped their price objective on shares of Reinsurance Group of America from $170.00 to $189.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Piper Sandler upped their price objective on shares of Reinsurance Group of America from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $194.38.

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.