Reinsurance Group of America (NYSE:RGA) EVP John Hayden Sells 414 Shares of Stock

Reinsurance Group of America, Incorporated (NYSE:RGA) EVP John Hayden sold 414 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total value of $88,989.30. Following the transaction, the executive vice president owned 20,949 shares of the company’s stock, valued at approximately $4,502,987.55. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Reinsurance Group of America Trading Down 0.7%

Shares of NYSE:RGA opened at $213.71 on Friday. The stock has a 50 day moving average of $207.68 and a 200 day moving average of $203.86. The company has a market cap of $14.00 billion, a PE ratio of 11.58 and a beta of 0.50. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 12-month low of $165.52 and a 12-month high of $229.21.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.03 by $0.94. The company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.47 billion. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The firm’s revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the company posted $5.66 EPS. As a group, equities research analysts expect that Reinsurance Group of America, Incorporated will post 26.67 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be paid a dividend of $0.93 per share. The ex-dividend date is Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.7%. Reinsurance Group of America’s payout ratio is 20.15%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Piper Sandler cut their price objective on Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday, May 13th. TD Cowen reiterated a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $264.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $251.25.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Principal Securities Inc. raised its holdings in shares of 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 in the last quarter. Rehmann Capital Advisory Group raised its holdings in shares of 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 in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of 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 in the last quarter. Bessemer Group Inc. raised its holdings in shares of 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 in the last quarter. Finally, Xponance Inc. raised its holdings in shares of 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 in the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Company Profile

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.