Reinsurance Group of America, Incorporated (NYSE:RGA) EVP Alain Neemeh sold 7,500 shares of Reinsurance Group of America, stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $139.69, for a total value of $1,047,675.00. Following the transaction, the executive vice president now owns 43,292 shares of the company’s stock, valued at approximately $6,047,459.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Reinsurance Group of America, Incorporated (NYSE RGA) traded up 0.30% during trading on Tuesday, hitting $139.16. The company had a trading volume of 95,982 shares. The firm has a market capitalization of $8.97 billion, a P/E ratio of 11.85 and a beta of 0.83. The stock’s 50-day moving average is $130.95 and its 200 day moving average is $127.70. Reinsurance Group of America, Incorporated has a 52-week low of $99.01 and a 52-week high of $140.97.

Reinsurance Group of America, (NYSE:RGA) last posted its quarterly earnings results on Thursday, July 27th. The insurance provider reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.51. The firm had revenue of $3.13 billion during 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% on a year-over-year basis. During the same period in the prior year, the company posted $2.80 earnings per share. Equities research analysts predict that Reinsurance Group of America, Incorporated will post $10.20 earnings per share for the current fiscal year.

The company 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 dividend of $0.50 per share. This is a boost from Reinsurance Group of America,’s previous quarterly dividend of $0.41. This represents a $2.00 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, August 4th. Reinsurance Group of America,’s dividend payout ratio is currently 17.02%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of RGA. Duncker Streett & Co. Inc. boosted its position in shares of Reinsurance Group of America, by 39.8% in the first quarter. Duncker Streett & Co. Inc. now owns 923 shares of the insurance provider’s stock worth $117,000 after buying an additional 263 shares during the period. Israel Discount Bank of New York bought a new position in shares of Reinsurance Group of America, during the first quarter worth about $125,000. Creative Planning boosted its position in shares of Reinsurance Group of America, by 3.2% in the first quarter. Creative Planning now owns 1,050 shares of the insurance provider’s stock worth $133,000 after buying an additional 33 shares during the period. James Investment Research Inc. bought a new position in shares of Reinsurance Group of America, during the first quarter worth about $143,000. Finally, Bronfman E.L. Rothschild L.P. boosted its position in shares of Reinsurance Group of America, by 7.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the insurance provider’s stock worth $167,000 after buying an additional 86 shares during the period. 92.60% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $137.00 price objective on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Zacks Investment Research lowered Reinsurance Group of America, from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada set a $134.00 price target on Reinsurance Group of America, and gave the company a “hold” rating in a research note on Friday, July 28th. Jefferies Group LLC cut their price target on Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating for the company in a research note on Monday, May 1st. Finally, Wells Fargo & Company restated a “hold” rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Reinsurance Group of America, currently has an average rating of “Hold” and a consensus target price of $125.89.

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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