Short Interest in Reinsurance Group of America, Incorporated (RGA) Rises By 105.5%

Reinsurance Group of America, Incorporated (NYSE:RGA) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,448,729 shares, a growth of 105.5% from the October 31st total of 705,008 shares. Based on an average trading volume of 379,839 shares, the short-interest ratio is presently 3.8 days. Currently, 2.3% of the company’s shares are short sold.

In related news, EVP John P. Laughlin, Jr. sold 1,000 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $149.96, for a total value of $149,960.00. Following the completion of the transaction, the executive vice president now directly owns 27,277 shares in the company, valued at $4,090,458.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christine Rose Detrick sold 659 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total value of $98,520.50. Following the completion of the transaction, the director now owns 4,023 shares of the company’s stock, valued at $601,438.50. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RGA. Janus Henderson Group PLC boosted its position in shares of Reinsurance Group of America by 9,358.1% during the second quarter. Janus Henderson Group PLC now owns 550,935 shares of the insurance provider’s stock worth $70,734,000 after buying an additional 545,110 shares during the period. AJO LP boosted its holdings in Reinsurance Group of America by 30.2% in the second quarter. AJO LP now owns 1,748,038 shares of the insurance provider’s stock valued at $224,431,000 after purchasing an additional 405,008 shares during the period. Wells Fargo & Company MN boosted its holdings in Reinsurance Group of America by 65.9% in the third quarter. Wells Fargo & Company MN now owns 791,981 shares of the insurance provider’s stock valued at $110,504,000 after purchasing an additional 314,479 shares during the period. Harbour Capital Advisors LLC boosted its holdings in Reinsurance Group of America by 12,739.0% in the second quarter. Harbour Capital Advisors LLC now owns 243,941 shares of the insurance provider’s stock valued at $1,900,000 after purchasing an additional 242,041 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in Reinsurance Group of America by 383.4% in the third quarter. BNP Paribas Arbitrage SA now owns 270,749 shares of the insurance provider’s stock valued at $37,778,000 after purchasing an additional 214,738 shares during the period. Institutional investors and hedge funds own 91.53% of the company’s stock.

Several research analysts recently weighed in on the company. Citigroup set a $171.00 price objective on Reinsurance Group of America and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Royal Bank Of Canada reiterated a “hold” rating and issued a $134.00 price objective on shares of Reinsurance Group of America in a research report on Tuesday, October 10th. Goldman Sachs Group assumed coverage on Reinsurance Group of America in a research report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price objective for the company. Wells Fargo & Company reiterated a “hold” rating and issued a $131.00 price objective on shares of Reinsurance Group of America in a research report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $148.00 price target on shares of Reinsurance Group of America in a research report on Friday, November 10th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $138.63.

Reinsurance Group of America (NYSE:RGA) opened at $161.71 on Tuesday. Reinsurance Group of America has a 52-week low of $121.93 and a 52-week high of $165.12. The company has a market capitalization of $10,410.00, a price-to-earnings ratio of 14.77, a PEG ratio of 1.61 and a beta of 0.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.11 and a current ratio of 0.11.

Reinsurance Group of America (NYSE:RGA) last 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. Reinsurance Group of America had a return on equity of 9.32% and a net margin of 6.44%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the business posted $2.46 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. equities research analysts predict that Reinsurance Group of America will post 11.07 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.24%. Reinsurance Group of America’s dividend payout ratio is currently 16.47%.

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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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