Reinsurance Group of America (NYSE:RGA) EVP Jonathan Porter Sells 3,852 Shares of Stock

Reinsurance Group of America, Incorporated (NYSE:RGA) EVP Jonathan Porter sold 3,852 shares of the company’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $271.53, for a total value of $1,045,933.56. Following the completion of the sale, the executive vice president directly owned 11,033 shares of the company’s stock, valued at approximately $2,995,790.49. This trade represents a 25.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Reinsurance Group of America Trading Up 0.1%

Shares of NYSE:RGA traded up $0.36 during mid-day trading on Friday, reaching $274.10. The stock had a trading volume of 45,635 shares, compared to its average volume of 380,324. The firm has a 50 day simple moving average of $257.08 and a two-hundred day simple moving average of $227.85. Reinsurance Group of America, Incorporated has a twelve month low of $182.73 and a twelve month high of $277.15. The firm has a market cap of $17.83 billion, a PE ratio of 10.59 and a beta of 0.43. The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, November 5th. The insurance provider reported $8.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.97 by $1.52. Reinsurance Group of America had a net margin of 6.26% and a return on equity of 16.18%. The firm had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $6.69 billion. During the same quarter in the previous year, the company earned $6.37 earnings per share. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 30.05 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 17th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $3.92 annualized dividend and a dividend yield of 1.4%. Reinsurance Group of America’s payout ratio is 15.15%.

Analyst Ratings Changes

Several analysts recently commented on RGA shares. Morgan Stanley raised Reinsurance Group of America from an “equal weight” rating to an “overweight” rating and set a $295.00 price objective on the stock in a research note on Monday, September 28th. Barclays set a $292.00 target price on Reinsurance Group of America in a research note on Thursday, October 8th. JPMorgan Chase & Co. lifted their price objective on Reinsurance Group of America from $293.00 to $297.00 and gave the company an “overweight” rating in a report on Thursday, October 15th. Wells Fargo & Company raised their target price on shares of Reinsurance Group of America from $292.00 to $312.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, UBS Group raised shares of Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $281.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RGA. Clal Insurance Enterprises Holdings Ltd bought a new stake in Reinsurance Group of America in the 3rd quarter valued at approximately $29,000. Balance Wealth Partners LLC bought a new position in shares of Reinsurance Group of America during the 3rd quarter worth approximately $30,000. Reyes Financial Architecture Inc. acquired a new stake in shares of Reinsurance Group of America in the third quarter valued at approximately $38,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Reinsurance Group of America in the second quarter valued at approximately $53,000. Finally, Fortitude Family Office LLC lifted its position in shares of Reinsurance Group of America by 62.7% in the third quarter. Fortitude Family Office LLC now owns 249 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 96 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (RGA) is a global life and health reinsurer. It works with insurance companies to help them manage risks and support the development and distribution of insurance products. Its services include life and health reinsurance, as well as solutions involving longevity risk and asset-intensive reinsurance. RGA also provides underwriting expertise, data and analytics, and product and risk-management support to its clients. Founded in 1973, RGA serves clients across North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.