Reinsurance Group of America Inc. (RGA) Announces Quarterly Dividend of $0.30
Reinsurance Group of America (NYSE:RGA) declared a quarterly dividend on Friday, January 31st, American Banking News.com reports. Investors of record on Friday, February 14th will be given a dividend of 0.30 per share on Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, February 12th.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Reinsurance Group of America from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 9th. They now have a $92.00 price target on the stock. On the ratings front, analysts at Barclays raised their price target on shares of Reinsurance Group of America from $80.00 to $88.00 in a research note to investors on Tuesday, January 7th. They now have an “overweight” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Reinsurance Group of America from $80.00 to $85.00 in a research note to investors on Monday, January 6th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Reinsurance Group of America has a consensus rating of “Buy” and an average target price of $83.60.
Shares of Reinsurance Group of America (NYSE:RGA) traded up 1.34% during mid-day trading on Friday, hitting $74.67. 788,439 shares of the company’s stock traded hands. Reinsurance Group of America has a 52 week low of $56.66 and a 52 week high of $77.58. The stock has a 50-day moving average of $75.74 and a 200-day moving average of $70.90. The company has a market cap of $5.271 billion and a price-to-earnings ratio of 10.86.
Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Friday, January 31st. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.20. Analysts expect that Reinsurance Group of America will post $7.78 EPS for the current fiscal year.
Reinsurance Group of America, Incorporated (NYSE:RGA) is an insurance holding company.
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