Reinsurance Group of America Inc. (NYSE:RGA)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $102.22 and last traded at $101.85, with a volume of 24,394 shares trading hands. The stock had previously closed at $101.72.

Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Monday, August 1st. Deutsche Bank AG upped their price target on shares of Reinsurance Group of America from $103.00 to $108.00 and gave the company a “buy” rating in a research note on Monday, August 1st. Goldman Sachs Group Inc. upgraded shares of Reinsurance Group of America from a “neutral” rating to a “buy” rating and upped their price target for the company from $96.00 to $108.00 in a research note on Friday, July 15th. Citigroup Inc. upped their price target on shares of Reinsurance Group of America from $97.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th. Finally, Evercore ISI assumed coverage on shares of Reinsurance Group of America in a research note on Wednesday, July 6th. They issued a “hold” rating and a $92.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $98.89.

The stock has a market capitalization of $6.53 billion and a price-to-earnings ratio of 11.99. The firm has a 50 day moving average of $97.99 and a 200-day moving average of $95.03.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, July 28th. The company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.51. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the business posted $1.94 earnings per share. Reinsurance Group of America’s revenue was up 15.5% on a year-over-year basis. Equities analysts expect that Reinsurance Group of America Inc. will post $9.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30th. Shareholders of record on Tuesday, August 9th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, August 5th. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.37.

In other news, CFO Todd C. Larson sold 2,355 shares of Reinsurance Group of America stock in a transaction on Friday, August 5th. The stock was sold at an average price of $100.73, for a total transaction of $237,219.15. Following the sale, the chief financial officer now directly owns 24,955 shares in the company, valued at approximately $2,513,717.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO A Greig Woodring sold 31,058 shares of Reinsurance Group of America stock in a transaction on Friday, August 5th. The stock was sold at an average price of $100.62, for a total value of $3,125,055.96. Following the sale, the chief executive officer now owns 208,353 shares in the company, valued at $20,964,478.86. The disclosure for this sale can be found here.

Several large investors have added to or reduced their stakes in RGA. Trexquant Investment LP boosted its stake in Reinsurance Group of America by 463.4% in the fourth quarter. Trexquant Investment LP now owns 16,902 shares of the company’s stock worth $1,446,000 after buying an additional 13,902 shares during the last quarter. Marshall Wace LLP acquired a new stake in Reinsurance Group of America during the fourth quarter worth approximately $1,644,000. BlackRock Advisors LLC boosted its stake in Reinsurance Group of America by 2.8% in the fourth quarter. BlackRock Advisors LLC now owns 320,763 shares of the company’s stock worth $27,441,000 after buying an additional 8,871 shares during the last quarter. Morgan Stanley boosted its stake in Reinsurance Group of America by 80.3% in the fourth quarter. Morgan Stanley now owns 327,152 shares of the company’s stock worth $27,988,000 after buying an additional 145,669 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in Reinsurance Group of America by 7.0% in the fourth quarter. Schroder Investment Management Group now owns 486,161 shares of the company’s stock worth $41,591,000 after buying an additional 32,000 shares during the last quarter.

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional and non-traditional life and health reinsurance. The Company has geographic-based or function-based segments, including U.S. and Latin America; Canada; Europe, Middle East and Africa; Asia Pacific, and Corporate and Other.

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