Reinsurance Group of America, Incorporated (NYSE:RGA) posted its quarterly earnings data on Thursday, October 26th. The insurance provider reported $3.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.82, Bloomberg Earnings reports. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.08 billion. Reinsurance Group of America, had a return on equity of 9.32% and a net margin of 6.44%. Reinsurance Group of America,’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.46 EPS.
Shares of Reinsurance Group of America, (NYSE:RGA) traded down $1.40 during trading on Friday, reaching $149.62. The company had a trading volume of 310,700 shares, compared to its average volume of 310,595. The firm has a market cap of $9,550.00, a P/E ratio of 13.88, a PEG ratio of 1.52 and a beta of 0.80. Reinsurance Group of America, has a twelve month low of $114.78 and a twelve month high of $152.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.11 and a quick ratio of 0.11.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 7th will be given a $0.50 dividend. The ex-dividend date is Monday, November 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. Reinsurance Group of America,’s dividend payout ratio is currently 16.47%.
A number of brokerages have recently issued reports on RGA. Royal Bank of Canada set a $134.00 target price on Reinsurance Group of America, and gave the stock a “hold” rating in a research report on Friday, July 28th. Wells Fargo & Company reissued a “hold” rating and set a $131.00 price target on shares of Reinsurance Group of America, in a research report on Thursday, October 26th. Goldman Sachs Group, Inc. (The) began coverage on Reinsurance Group of America, in a research note on Wednesday, October 18th. They issued a “buy” rating and a $153.00 target price on the stock. Zacks Investment Research downgraded Reinsurance Group of America, from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $137.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $135.25.
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In related news, EVP John P. Laughlin, Jr. sold 1,941 shares of Reinsurance Group of America, stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $140.77, for a total value of $273,234.57. Following the sale, the executive vice president now owns 28,218 shares of the company’s stock, valued at $3,972,247.86. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan C. Henderson sold 440 shares of Reinsurance Group of America, stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $139.87, for a total value of $61,542.80. Following the completion of the sale, the director now directly owns 20,418 shares in the company, valued at approximately $2,855,865.66. The disclosure for this sale can be found here. Insiders sold a total of 4,040 shares of company stock worth $583,258 in the last three months. Company insiders own 1.47% 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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