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

Reinsurance Group of America, Incorporated (NYSE:RGA) EVP John Hayden sold 414 shares of Reinsurance Group of America stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total transaction of $88,989.30. Following the transaction, the executive vice president owned 20,949 shares in the company, valued at $4,502,987.55. This represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Reinsurance Group of America Trading Down 0.7%

Shares of Reinsurance Group of America stock opened at $213.71 on Friday. The company’s fifty day simple moving average is $207.68 and its 200-day simple moving average is $203.86. The stock has a market capitalization of $14.00 billion, a PE ratio of 11.58 and a beta of 0.50. Reinsurance Group of America, Incorporated has a 1-year low of $165.52 and a 1-year high of $229.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.14 and a quick ratio of 0.14.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share for the quarter, topping the consensus estimate of $6.03 by $0.94. The business had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The company’s revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the company posted $5.66 EPS. As a group, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 26.79 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on RGA shares. TD Cowen restated a “hold” rating on shares of Reinsurance Group of America in a research report on Wednesday, January 28th. Morgan Stanley raised their price objective on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $264.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Barclays raised their price objective on shares of Reinsurance Group of America from $256.00 to $268.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.25.

Institutional Trading of Reinsurance Group of America

Several institutional investors and hedge funds have recently modified their holdings of RGA. Ritter Alpha LP bought a new stake in Reinsurance Group of America in the 1st quarter valued at $273,000. Edgestream Partners L.P. increased its holdings in Reinsurance Group of America by 402.0% in the 1st quarter. Edgestream Partners L.P. now owns 64,482 shares of the insurance provider’s stock valued at $13,165,000 after acquiring an additional 51,638 shares during the last quarter. Bull Harbor Capital LLC bought a new stake in Reinsurance Group of America in the 1st quarter valued at $590,000. EverSource Wealth Advisors LLC increased its holdings in Reinsurance Group of America by 15.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the insurance provider’s stock valued at $365,000 after acquiring an additional 243 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in Reinsurance Group of America by 20.5% in the 1st quarter. California State Teachers Retirement System now owns 75,532 shares of the insurance provider’s stock valued at $15,421,000 after acquiring an additional 12,852 shares during the last quarter. 95.11% of the stock is currently owned by 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.