Reinsurance Group of America (NYSE:RGA) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 25th. Analysts expect the company to announce earnings of $2.62 per share for the quarter.
Reinsurance Group of America (NYSE:RGA) last issued its quarterly 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 business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.22 billion. During the same quarter in the previous year, the business posted $2.92 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. On average, analysts expect Reinsurance Group of America to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.
Shares of Reinsurance Group of America stock opened at $156.45 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. Reinsurance Group of America has a 1-year low of $121.93 and a 1-year high of $165.12. The stock has a market cap of $10,023.63, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 1.39 and a beta of 0.74.
RGA has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on Reinsurance Group of America from $138.00 to $135.00 and set an “underweight” rating for the company in a report on Thursday, April 5th. Zacks Investment Research cut shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Wells Fargo reissued a “market perform” rating and set a $165.00 price objective (up previously from $160.00) on shares of Reinsurance Group of America in a research report on Wednesday, January 31st. Finally, UBS initiated coverage on shares of Reinsurance Group of America in a research report on Friday, March 2nd. They set a “neutral” rating and a $168.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Reinsurance Group of America presently has an average rating of “Hold” and an average target price of $150.11.
In other news, Director Arnoud W.A. Boot sold 400 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $155.26, for a total transaction of $62,104.00. Following the transaction, the director now owns 6,357 shares of the company’s stock, valued at approximately $986,987.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan C. Henderson sold 556 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $148.84, for a total transaction of $82,755.04. Following the transaction, the director now directly owns 19,862 shares in the company, valued at approximately $2,956,260.08. The disclosure for this sale can be found here. 0.69% of the stock is owned by corporate insiders.
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About Reinsurance Group of America
Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.
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