Reinsurance Group of America (NYSE:RGA) EVP Ronald Herrmann Sells 7,000 Shares

Reinsurance Group of America, Incorporated (NYSE:RGA) EVP Ronald Herrmann sold 7,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the completion of the sale, the executive vice president directly owned 3,938 shares in the company, valued at $829,264.04. This trade represents a 64.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock traded up $4.91 on Monday, hitting $215.06. The company’s stock had a trading volume of 341,313 shares, compared to its average volume of 376,951. The firm has a market cap of $14.09 billion, a P/E ratio of 11.65 and a beta of 0.50. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average price of $207.02 and a 200-day moving average price of $203.04. Reinsurance Group of America, Incorporated has a one year low of $165.52 and a one year high of $229.21.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.03 by $0.94. The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.47 billion. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.66 EPS. On average, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 26.39 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Reinsurance Group of America’s payout ratio is 20.15%.

Institutional Investors Weigh In On Reinsurance Group of America

A number of hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. grew its holdings in Reinsurance Group of America by 3.6% during the 4th quarter. Principal Securities Inc. now owns 1,490 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 52 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in Reinsurance Group of America by 1.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 4,281 shares of the insurance provider’s stock worth $819,000 after acquiring an additional 54 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Reinsurance Group of America by 6.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 974 shares of the insurance provider’s stock worth $198,000 after acquiring an additional 56 shares during the last quarter. Bessemer Group Inc. grew its holdings in Reinsurance Group of America by 1.0% during the 3rd quarter. Bessemer Group Inc. now owns 5,776 shares of the insurance provider’s stock worth $1,110,000 after acquiring an additional 58 shares during the last quarter. Finally, Xponance Inc. grew its holdings in Reinsurance Group of America by 0.8% during the 3rd quarter. Xponance Inc. now owns 7,637 shares of the insurance provider’s stock worth $1,467,000 after acquiring an additional 58 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. TD Cowen reaffirmed a “hold” rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Piper Sandler lowered their target price on shares of Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. UBS Group upped their target price on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Morgan Stanley upped their target price on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $251.25.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.