Reinsurance Group of America Inc (NYSE:RGA) CFO Todd C. Larson sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $149.38, for a total value of $672,210.00. Following the transaction, the chief financial officer now owns 31,743 shares of the company’s stock, valued at $4,741,769.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of RGA traded down $1.10 on Friday, reaching $148.76. 223,580 shares of the stock traded hands, compared to its average volume of 400,783. The stock has a market cap of $9.34 billion, a PE ratio of 13.72 and a beta of 0.74. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.32. Reinsurance Group of America Inc has a 12 month low of $127.84 and a 12 month high of $165.12.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, October 25th. The insurance provider reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.29 by $0.74. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Reinsurance Group of America had a return on equity of 8.26% and a net margin of 14.21%. Equities analysts forecast that Reinsurance Group of America Inc will post 12.16 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 6th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, November 5th. Reinsurance Group of America’s dividend payout ratio is presently 22.14%.

A number of brokerages have recently commented on RGA. Zacks Investment Research lowered Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Monday, August 27th. Credit Suisse Group cut their price target on Reinsurance Group of America from $155.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, August 17th. ValuEngine upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a report on Monday, July 30th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $150.00 price target on shares of Reinsurance Group of America in a report on Friday, July 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Reinsurance Group of America has a consensus rating of “Hold” and a consensus target price of $148.75.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Reinsurance Group of America by 4.6% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,671 shares of the insurance provider’s stock valued at $1,157,000 after purchasing an additional 385 shares during the period. Eagle Boston Investment Management Inc. increased its position in shares of Reinsurance Group of America by 19.2% during the second quarter. Eagle Boston Investment Management Inc. now owns 2,439 shares of the insurance provider’s stock valued at $325,000 after purchasing an additional 393 shares during the period. US Bancorp DE increased its position in shares of Reinsurance Group of America by 2.7% during the second quarter. US Bancorp DE now owns 15,050 shares of the insurance provider’s stock valued at $2,009,000 after purchasing an additional 393 shares during the period. Arizona State Retirement System increased its position in shares of Reinsurance Group of America by 0.9% during the third quarter. Arizona State Retirement System now owns 45,199 shares of the insurance provider’s stock valued at $6,534,000 after purchasing an additional 402 shares during the period. Finally, GHP Investment Advisors Inc. increased its position in shares of Reinsurance Group of America by 10.4% during the third quarter. GHP Investment Advisors Inc. now owns 4,484 shares of the insurance provider’s stock valued at $648,000 after purchasing an additional 424 shares during the period. Institutional investors and hedge funds own 92.03% of the company’s stock.

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Reinsurance Group of America Company Profile

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

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