Insider Selling: Reinsurance Group of America (NYSE:RGA) EVP Sells $1,474,060.00 in Stock

Reinsurance Group of America, Incorporated (NYSE:RGA) EVP Ronald Herrmann sold 7,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $210.58, for a total value of $1,474,060.00. Following the sale, the executive vice president owned 3,938 shares of the company’s stock, valued at approximately $829,264.04. This represents a 64.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Reinsurance Group of America Stock Up 1.8%

Reinsurance Group of America stock opened at $214.02 on Thursday. The business has a fifty day moving average of $207.36 and a two-hundred day moving average of $203.56. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.46. The firm has a market cap of $14.02 billion, a P/E ratio of 11.59 and a beta of 0.50. Reinsurance Group of America, Incorporated has a twelve month low of $165.52 and a twelve month high of $229.21.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.47 billion. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.Reinsurance Group of America’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.66 earnings per share. On average, analysts forecast that Reinsurance Group of America, Incorporated will post 26.39 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th will be issued a dividend of $0.93 per share. The ex-dividend date is Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a yield of 1.7%. Reinsurance Group of America’s dividend payout ratio is currently 20.15%.

Analyst Ratings Changes

RGA has been the topic of a number of recent analyst reports. Piper Sandler reduced their price target on Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. UBS Group upped their price target on Reinsurance Group of America from $216.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a research report on Wednesday, May 13th. Wall Street Zen raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Barclays upped their price target on Reinsurance Group of America from $256.00 to $268.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and an average target price of $251.25.

Hedge Funds Weigh In On Reinsurance Group of America

Several hedge funds have recently made changes to their positions in RGA. Millstone Evans Group LLC grew its position in Reinsurance Group of America by 82.4% during the 3rd quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 61 shares during the period. Activest Wealth Management acquired a new stake in Reinsurance Group of America during the 4th quarter worth about $30,000. Tobam grew its position in Reinsurance Group of America by 244.7% during the 4th quarter. Tobam now owns 162 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 115 shares during the period. Root Financial Partners LLC acquired a new stake in Reinsurance Group of America during the 3rd quarter worth about $33,000. Finally, International Assets Investment Management LLC acquired a new stake in Reinsurance Group of America during the 4th quarter worth about $35,000. 95.11% of the stock is owned by institutional investors and hedge funds.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.