Insider Selling: Reinsurance Group of America Inc (RGA) Director Sells 620 Shares of Stock

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Reinsurance Group of America Inc (NYSE:RGA) Director Arnoud W.A. Boot sold 620 shares of the stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $146.00, for a total value of $90,520.00. Following the transaction, the director now owns 6,409 shares in the company, valued at $935,714. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

RGA opened at $148.76 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.12 and a current ratio of 0.12. Reinsurance Group of America Inc has a 1 year low of $127.84 and a 1 year high of $165.12. The company has a market cap of $9.34 billion, a P/E ratio of 13.13 and a beta of 0.74.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, October 25th. The insurance provider reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.29 by $0.74. Reinsurance Group of America had a return on equity of 8.26% and a net margin of 14.21%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 billion. Research analysts forecast that Reinsurance Group of America Inc will post 12.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Tuesday, November 6th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, November 5th. This represents a $2.40 annualized dividend and a yield of 1.61%. Reinsurance Group of America’s payout ratio is 22.14%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Robecosam AG purchased a new stake in Reinsurance Group of America in the 2nd quarter worth approximately $133,000. Iberiabank Corp purchased a new stake in Reinsurance Group of America in the 3rd quarter worth approximately $205,000. Fulton Bank N.A. purchased a new stake in Reinsurance Group of America in the 3rd quarter worth approximately $211,000. Hartford Investment Management Co. purchased a new stake in Reinsurance Group of America in the 2nd quarter worth approximately $209,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Reinsurance Group of America in the 2nd quarter worth approximately $218,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

RGA has been the topic of several recent research reports. Royal Bank of Canada restated a “hold” rating and set a $150.00 price target on shares of Reinsurance Group of America in a research report on Friday, July 27th. Zacks Investment Research upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. ValuEngine upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Credit Suisse Group reduced their price target on Reinsurance Group of America from $155.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, August 17th. Finally, Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a research report on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Reinsurance Group of America presently has an average rating of “Hold” and a consensus target price of $148.75.

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About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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Insider Buying and Selling by Quarter for Reinsurance Group of America (NYSE:RGA)

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