Reinsurance Group of America, Incorporated (NYSE:RGA) EVP William L. Hutton sold 4,339 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $140.42, for a total transaction of $609,282.38. Following the completion of the sale, the executive vice president now directly owns 18,624 shares in the company, valued at $2,615,182.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Reinsurance Group of America, Incorporated (NYSE:RGA) opened at 139.91 on Friday. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 11.92 and a beta of 0.83. Reinsurance Group of America, Incorporated has a 52 week low of $98.60 and a 52 week high of $140.97. The company’s 50-day moving average is $130.95 and its 200 day moving average is $127.70.

Reinsurance Group of America, (NYSE:RGA) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.51. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3 billion. Reinsurance Group of America, had a net margin of 6.33% and a return on equity of 8.48%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.80 earnings per share. On average, analysts forecast that Reinsurance Group of America, Incorporated will post $10.20 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be issued a $0.50 dividend. The ex-dividend date is Friday, August 4th. This represents a $2.00 annualized dividend and a yield of 1.43%. This is a boost from Reinsurance Group of America,’s previous quarterly dividend of $0.41. Reinsurance Group of America,’s payout ratio is 13.96%.

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A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $137.00 price objective on shares of Reinsurance Group of America, in a research note on Thursday. Zacks Investment Research raised shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research note on Tuesday, August 1st. Royal Bank Of Canada set a $134.00 price objective on shares of Reinsurance Group of America, and gave the company a “hold” rating in a research note on Friday, July 28th. Jefferies Group LLC reduced their price objective on shares of Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating on the stock in a research note on Monday, May 1st. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $125.89.

A number of hedge funds have recently added to or reduced their stakes in RGA. BlackRock Inc. boosted its stake in Reinsurance Group of America, by 3,630.1% in the first quarter. BlackRock Inc. now owns 6,064,017 shares of the insurance provider’s stock valued at $770,008,000 after buying an additional 5,901,447 shares during the period. Janus Capital Management LLC boosted its stake in Reinsurance Group of America, by 564.5% in the first quarter. Janus Capital Management LLC now owns 451,200 shares of the insurance provider’s stock valued at $57,293,000 after buying an additional 383,300 shares during the period. AQR Capital Management LLC boosted its stake in Reinsurance Group of America, by 27.2% in the first quarter. AQR Capital Management LLC now owns 1,552,081 shares of the insurance provider’s stock valued at $197,084,000 after buying an additional 331,580 shares during the period. Morgan Stanley boosted its stake in Reinsurance Group of America, by 249.6% in the first quarter. Morgan Stanley now owns 441,057 shares of the insurance provider’s stock valued at $56,006,000 after buying an additional 314,893 shares during the period. Finally, Boston Partners boosted its stake in Reinsurance Group of America, by 12.2% in the first quarter. Boston Partners now owns 2,427,710 shares of the insurance provider’s stock valued at $308,271,000 after buying an additional 263,746 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

About Reinsurance Group of America,

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

Insider Buying and Selling by Quarter for Reinsurance Group of America, (NYSE:RGA)

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