Reinsurance Group of America, Incorporated (NYSE:RGA) released its quarterly earnings results on Thursday, October 26th. The insurance provider reported $3.44 EPS for the quarter, topping the consensus estimate of $2.62 by $0.82, Bloomberg Earnings reports. Reinsurance Group of America, had a return on equity of 9.32% and a net margin of 6.44%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the company posted $2.46 EPS. Reinsurance Group of America,’s revenue for the quarter was up 8.4% on a year-over-year basis.
Reinsurance Group of America, (NYSE RGA) traded down $1.40 on Friday, hitting $149.62. The company’s stock had a trading volume of 310,700 shares, compared to its average volume of 310,595. 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 firm has a market cap of $9,550.00, a P/E ratio of 13.88, a price-to-earnings-growth ratio of 1.52 and a beta of 0.80. Reinsurance Group of America, has a 1 year low of $114.78 and a 1 year high of $152.19.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 7th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, November 6th. This represents a $2.00 annualized dividend and a yield of 1.34%. Reinsurance Group of America,’s dividend payout ratio is presently 16.47%.
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In other news, EVP John P. Laughlin, Jr. sold 1,941 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $140.77, for a total transaction of $273,234.57. Following the completion of the transaction, the executive vice president now directly owns 28,218 shares in the company, valued at $3,972,247.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $149.96, for a total value of $149,960.00. Following the completion of the sale, the executive vice president now owns 27,277 shares of the company’s stock, valued at $4,090,458.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,040 shares of company stock worth $583,258. 1.47% of the stock is owned by company insiders.
A number of research analysts recently issued reports on RGA shares. Royal Bank of Canada set a $134.00 price objective on Reinsurance Group of America, and gave the company a “hold” rating in a research report on Friday, July 28th. Wells Fargo & Company restated a “hold” rating and issued a $131.00 price objective on shares of Reinsurance Group of America, in a report on Thursday, October 26th. Goldman Sachs Group, Inc. (The) began coverage on Reinsurance Group of America, in a research report on Wednesday, October 18th. They set a “buy” rating and a $153.00 target price on the stock. Zacks Investment Research lowered Reinsurance Group of America, from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $137.00 price target on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Reinsurance Group of America, currently has a consensus rating of “Hold” and an average price target of $135.25.
Reinsurance Group of America, Company Profile
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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