Insider Selling: Reinsurance Group of America CEO Sells 29,492 Shares of Stock (RGA)
Reinsurance Group of America (NYSE:RGA) CEO A Greig Woodring sold 29,492 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $74.63, for a total value of $2,200,987.96. Following the completion of the transaction, the chief executive officer now directly owns 159,519 shares of the company’s stock, valued at approximately $11,904,903. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on RGA. Analysts at Zacks reiterated an “outperform” rating on shares of Reinsurance Group of America in a research note on Tuesday, February 4th. They now have a $88.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Reinsurance Group of America from $80.00 to $88.00 in a research note on Tuesday, January 7th. They now have an “overweight” rating on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Reinsurance Group of America has a consensus rating of “Buy” and a consensus target price of $82.80.
Shares of Reinsurance Group of America (NYSE:RGA) traded down 0.12% on Thursday, hitting $74.23. 120,384 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 $74.51 and a 200-day moving average of $71.27. The company has a market cap of $5.253 billion and a price-to-earnings ratio of 12.86.
Reinsurance Group of America (NYSE:RGA) last posted its quarterly 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 $7.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 7th. Investors of record on Friday, February 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Wednesday, February 12th.
Reinsurance Group of America, Incorporated (NYSE:RGA) is an insurance holding company.
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