Reinsurance Group of America Inc (RGA) Director Arnoud W.A. Boot Sells 400 Shares

Reinsurance Group of America Inc (NYSE:RGA) Director Arnoud W.A. Boot sold 400 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $155.26, for a total transaction of $62,104.00. Following the sale, the director now directly owns 6,357 shares in the company, valued at approximately $986,987.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Reinsurance Group of America Inc (NYSE:RGA) opened at $155.39 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. Reinsurance Group of America Inc has a one year low of $121.93 and a one year high of $165.12. The firm has a market cap of $10,022.93, a P/E ratio of 5.61, a P/E/G ratio of 1.38 and a beta of 0.75.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Monday, January 29th. The insurance provider reported $2.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.84 by ($0.24). Reinsurance Group of America had a return on equity of 8.62% and a net margin of 14.56%. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.22 billion. During the same quarter in the previous year, the company posted $2.92 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. analysts predict that Reinsurance Group of America Inc will post 12.5 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $2.00 annualized dividend and a yield of 1.29%. Reinsurance Group of America’s dividend payout ratio is currently 7.22%.

A number of research firms recently weighed in on RGA. Royal Bank of Canada restated a “hold” rating and set a $165.00 target price on shares of Reinsurance Group of America in a research note on Friday, December 8th. Wells Fargo & Co restated a “market perform” rating and set a $165.00 target price (up from $160.00) on shares of Reinsurance Group of America in a research note on Wednesday, January 31st. Zacks Investment Research lowered shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Citigroup set a $171.00 target price on shares of Reinsurance Group of America and gave the stock a “buy” rating in a research note on Tuesday, November 21st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $148.00 target price on shares of Reinsurance Group of America in a research note on Friday, November 10th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $150.43.

A number of institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its stake in Reinsurance Group of America by 3.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,034 shares of the insurance provider’s stock valued at $2,344,000 after purchasing an additional 545 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in Reinsurance Group of America by 65.0% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,300 shares of the insurance provider’s stock valued at $515,000 after purchasing an additional 1,300 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in Reinsurance Group of America in the fourth quarter valued at approximately $6,354,000. MainStreet Investment Advisors LLC purchased a new position in Reinsurance Group of America in the fourth quarter valued at approximately $1,053,000. Finally, Macquarie Group Ltd. increased its stake in Reinsurance Group of America by 1.6% in the fourth quarter. Macquarie Group Ltd. now owns 223,391 shares of the insurance provider’s stock valued at $34,833,000 after purchasing an additional 3,457 shares during the last quarter. Institutional investors own 91.19% of the company’s stock.

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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.

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

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