Reinsurance Group of America (NYSE:RGA) Stock: Insider Jonathan Porter Sells 3,852 Shares

Reinsurance Group of America, Incorporated (NYSE:RGA) EVP Jonathan Porter sold 3,852 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $271.53, for a total transaction of $1,045,933.56. Following the sale, the executive vice president directly owned 11,033 shares of the company’s stock, valued at $2,995,790.49. This trade represents a 25.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Reinsurance Group of America Stock Up 0.5%

Shares of Reinsurance Group of America stock traded up $1.50 on Friday, reaching $275.24. The company’s stock had a trading volume of 357,528 shares, compared to its average volume of 454,101. Reinsurance Group of America, Incorporated has a 52 week low of $182.73 and a 52 week high of $277.15. The firm’s fifty day simple moving average is $257.46 and its two-hundred day simple moving average is $228.24. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $17.90 billion, a price-to-earnings ratio of 10.64 and a beta of 0.43.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, November 5th. The insurance provider reported $8.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.97 by $1.52. The firm had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $6.69 billion. Reinsurance Group of America had a return on equity of 16.18% and a net margin of 6.26%. During the same period in the prior year, the company posted $6.37 earnings per share. Equities analysts anticipate that Reinsurance Group of America, Incorporated will post 30.05 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 17th will be paid a $0.98 dividend. The ex-dividend date is Tuesday, November 17th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.4%. Reinsurance Group of America’s payout ratio is currently 15.15%.

Top Reinsurance Group of America Stories

Investors following RGA have been watching these stories:

• Positive Sentiment: Wells Fargo upgraded RGA to Overweight and raised its price target to $312 from $292, implying about 13.4% upside from the cited $275.24 price. Wells Fargo rating
• Positive Sentiment: Dowling & Partners raised its earnings estimates, now forecasting EPS of $30.60 for FY2027 (up from $29.90) and $33.10 for FY2028 (up from $32.40). Higher forecasts signal improved expectations for future earnings.
• Negative Sentiment: EVP Jonathan Porter sold 3,852 shares for about $1.05 million, reducing his holdings by 25.88%. He retained 11,033 shares; the sale may still weigh on sentiment but does not establish the reason for the transaction. SEC filing

Wall Street Analyst Weigh In

RGA has been the topic of a number of research analyst reports. TD Cowen increased their price objective on shares of Reinsurance Group of America from $235.00 to $250.00 and gave the company a “hold” rating in a research report on Wednesday, October 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a research report on Wednesday, November 4th. UBS Group raised shares of Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Piper Sandler boosted their target price on shares of Reinsurance Group of America from $274.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, November 9th. Finally, JPMorgan Chase & Co. increased their price target on Reinsurance Group of America from $293.00 to $297.00 and gave the company an “overweight” rating in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Reinsurance Group of America presently has an average rating of “Buy” and a consensus target price of $281.12.

Institutional Investors Weigh In On Reinsurance Group of America

A number of large investors have recently made changes to their positions in RGA. Jump Financial LLC increased its position in shares of Reinsurance Group of America by 37.7% during the 3rd quarter. Jump Financial LLC now owns 32,794 shares of the insurance provider’s stock valued at $8,075,000 after purchasing an additional 8,985 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of Reinsurance Group of America by 23.3% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,558 shares of the insurance provider’s stock worth $384,000 after purchasing an additional 294 shares during the period. Pathstone Holdings LLC boosted its holdings in shares of Reinsurance Group of America by 2.2% in the third quarter. Pathstone Holdings LLC now owns 20,250 shares of the insurance provider’s stock worth $4,986,000 after buying an additional 427 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Reinsurance Group of America by 13.9% in the third quarter. Steward Partners Investment Advisory LLC now owns 3,784 shares of the insurance provider’s stock worth $932,000 after buying an additional 461 shares during the last quarter. Finally, Wealth Alliance LLC bought a new stake in Reinsurance Group of America during the third quarter valued at approximately $207,000. 95.11% of the stock is currently owned by institutional investors.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (RGA) is a global life and health reinsurer. It works with insurance companies to help them manage risks and support the development and distribution of insurance products. Its services include life and health reinsurance, as well as solutions involving longevity risk and asset-intensive reinsurance. RGA also provides underwriting expertise, data and analytics, and product and risk-management support to its clients. Founded in 1973, RGA serves clients across North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.