Reinsurance Group of America EVP Unloads $151,165 in Stock (RGA)
Reinsurance Group of America (NYSE:RGA) EVP Paul A. Schuster sold 1,948 shares of the company’s stock on the open market in a transaction dated Friday, May 23rd. The shares were sold at an average price of $77.60, for a total value of $151,164.80. Following the sale, the executive vice president now directly owns 35,728 shares of the company’s stock, valued at approximately $2,772,493. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on RGA. Analysts at Raymond James upgraded shares of Reinsurance Group of America from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 22nd. They now have a $86.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Reinsurance Group of America from an “outperform” rating to a “neutral” rating in a research note on Friday, May 9th. They now have a $81.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods initiated coverage on shares of Reinsurance Group of America in a research note on Tuesday, May 6th. They set a “market perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Reinsurance Group of America currently has an average rating of “Hold” and a consensus target price of $80.20.
Reinsurance Group of America (NYSE:RGA) traded up 0.41% during mid-day trading on Tuesday, hitting $77.96. 100,841 shares of the company’s stock traded hands. Reinsurance Group of America has a 52-week low of $63.95 and a 52-week high of $81.28. The stock’s 50-day moving average is $77. and its 200-day moving average is $75.90. The company has a market cap of $5.385 billion and a P/E ratio of 15.02.
Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.61 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.73 by $0.12. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the company posted $1.65 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts predict that Reinsurance Group of America will post $7.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 30th. Investors of record on Friday, May 9th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Wednesday, May 7th.
Reinsurance Group of America, Incorporated (NYSE:RGA) is an insurance holding company.
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