Reinsurance Group of America, Incorporated (NYSE:RGA) EVP Sells $365,503.95 in Stock

Reinsurance Group of America, Incorporated (NYSE:RGAGet Free Report) EVP John W. Hayden sold 1,767 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $206.85, for a total value of $365,503.95. Following the completion of the sale, the executive vice president now directly owns 16,490 shares in the company, valued at $3,410,956.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Reinsurance Group of America Stock Performance

NYSE:RGA opened at $212.37 on Friday. The company has a market capitalization of $13.97 billion, a PE ratio of 16.50 and a beta of 0.88. Reinsurance Group of America, Incorporated has a fifty-two week low of $135.07 and a fifty-two week high of $213.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.19 and a current ratio of 0.19. The company has a 50 day simple moving average of $192.35 and a two-hundred day simple moving average of $175.07.

Reinsurance Group of America (NYSE:RGAGet Free Report) last posted its quarterly earnings data on Friday, May 3rd. The insurance provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $4.55 by $1.47. The company had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $4.54 billion. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. During the same period in the prior year, the company posted $5.16 earnings per share. Research analysts anticipate that Reinsurance Group of America, Incorporated will post 20.48 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Monday, May 13th. Reinsurance Group of America’s dividend payout ratio is 26.42%.

Institutional Investors Weigh In On Reinsurance Group of America

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Reinsurance Group of America by 54.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 6,418 shares of the insurance provider’s stock worth $932,000 after buying an additional 2,267 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Reinsurance Group of America by 1.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,536 shares of the insurance provider’s stock valued at $3,127,000 after acquiring an additional 272 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of Reinsurance Group of America by 1.9% during the 3rd quarter. Panagora Asset Management Inc. now owns 6,259 shares of the insurance provider’s stock valued at $909,000 after acquiring an additional 119 shares during the period. Teacher Retirement System of Texas grew its holdings in Reinsurance Group of America by 24.6% in the third quarter. Teacher Retirement System of Texas now owns 41,325 shares of the insurance provider’s stock worth $6,000,000 after purchasing an additional 8,154 shares during the period. Finally, Paulson Wealth Management Inc. bought a new stake in Reinsurance Group of America in the third quarter valued at $223,000. Institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Reinsurance Group of America from $220.00 to $235.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. boosted their target price on shares of Reinsurance Group of America from $189.00 to $195.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. UBS Group increased their price target on 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. Piper Sandler boosted their price objective on Reinsurance Group of America from $195.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Finally, Wells Fargo & Company increased their target price on Reinsurance Group of America from $210.00 to $227.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $197.31.

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About Reinsurance Group of America

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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.

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