Media stories about Reinsurance Group of America (NYSE:RGA) have trended positive this week, Accern reports. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Reinsurance Group of America earned a media sentiment score of 0.47 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 45.8432725575957 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- 7 Reasons Why Reinsurance Group (RGA) is Tailor-Made for You (finance.yahoo.com)
- Reinsurance Group of America (RGA) Raised to Buy at Zacks Investment Research (americanbankingnews.com)
- What Should You Know About Reinsurance Group of America Incorporated’s (NYSE:RGA) Growth? (finance.yahoo.com)
- Reinsurance Group of America (RGA) Cut to “Hold” at Zacks Investment Research (americanbankingnews.com)
Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Tuesday. UBS assumed coverage on shares of Reinsurance Group of America in a research report on Friday, March 2nd. They set a “neutral” rating and a $168.00 price target for the company. Wells Fargo reiterated a “market perform” rating and set a $165.00 price target (up previously from $160.00) on shares of Reinsurance Group of America in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $165.00 price target on shares of Reinsurance Group of America in a research report on Friday, December 8th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $153.25.
Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Monday, January 29th. The insurance provider reported $2.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.84 by ($0.24). Reinsurance Group of America had a net margin of 14.56% and a return on equity of 8.62%. The company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.22 billion. During the same period in the previous year, the firm posted $2.92 EPS. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. analysts forecast that Reinsurance Group of America will post 12.5 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Wednesday, February 7th. Reinsurance Group of America’s payout ratio is currently 7.22%.
In other news, EVP John P. Laughlin, Jr. sold 500 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $155.60, for a total value of $77,800.00. Following the sale, the executive vice president now owns 26,777 shares of the company’s stock, valued at $4,166,501.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Arnoud W.A. Boot sold 400 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $155.26, for a total transaction of $62,104.00. Following the completion of the sale, the director now directly owns 6,357 shares in the company, valued at approximately $986,987.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,456 shares of company stock worth $222,659. Insiders own 1.76% 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.
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