Reinsurance Group of America, (RGA) Receives Media Impact Rating of 0.47
News stories about Reinsurance Group of America, (NYSE:RGA) have been trending positive on Sunday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Reinsurance Group of America, earned a daily sentiment score of 0.47 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 46.4291708610099 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Reinsurance Group of America, (RGA) opened at 136.76 on Friday. The stock has a market cap of $8.82 billion, a PE ratio of 11.65 and a beta of 0.83. The stock’s 50 day moving average is $135.96 and its 200-day moving average is $129.34. Reinsurance Group of America, has a 1-year low of $104.61 and a 1-year high of $141.89.
Reinsurance Group of America, (NYSE:RGA) last issued its quarterly earnings results on Thursday, July 27th. The insurance provider reported $2.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.51. Reinsurance Group of America, had a net margin of 6.33% and a return on equity of 8.48%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the company earned $2.80 EPS. Reinsurance Group of America,’s revenue was up 3.0% on a year-over-year basis. On average, analysts predict that Reinsurance Group of America, will post $10.21 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.46%. This is an increase from Reinsurance Group of America,’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, August 4th. Reinsurance Group of America,’s dividend payout ratio is presently 17.02%.
A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $137.00 price objective on shares of Reinsurance Group of America, in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a report on Tuesday, August 1st. Royal Bank Of Canada set a $134.00 price objective on shares of Reinsurance Group of America, and gave the company a “hold” rating in a report on Friday, July 28th. Finally, Jefferies Group LLC cut their price objective on shares of Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating for the company in a report on Monday, May 1st. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $125.89.
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In related news, EVP Timothy T. Matson acquired 500 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were purchased at an average price of $127.39 per share, for a total transaction of $63,695.00. Following the acquisition, the executive vice president now owns 2,430 shares in the company, valued at $309,557.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Alain Neemeh sold 7,500 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $139.69, for a total value of $1,047,675.00. Following the sale, the executive vice president now owns 43,292 shares in the company, valued at approximately $6,047,459.48. The disclosure for this sale can be found here. Insiders sold a total of 14,970 shares of company stock valued at $2,096,360 over the last three months. 1.47% of the stock is owned by corporate insiders.
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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