Share on StockTwits

Reinsurance Group of America (NYSE:RGA) EVP Todd C. Larson sold 3,949 shares of Reinsurance Group of America stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $81.57, for a total transaction of $322,119.93. Following the completion of the transaction, the executive vice president now directly owns 20,998 shares in the company, valued at approximately $1,712,807. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of analysts have recently weighed in on RGA shares. Analysts at Zacks reiterated a “neutral” rating on shares of Reinsurance Group of America in a research note on Wednesday, August 13th. They now have a $84.00 price target on the stock. Separately, analysts at Morgan Stanley downgraded shares of Reinsurance Group of America from an “equal weight” rating to an “underweight” rating in a research note on Monday, August 11th. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Reinsurance Group of America from $86.00 to $88.00 in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $87.00.

Reinsurance Group of America (NYSE:RGA) traded up 0.10% during mid-day trading on Wednesday, hitting $81.70. 4,459 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 $82.73. The stock’s 50-day moving average is $80.32 and its 200-day moving average is $78.03. The company has a market cap of $5.602 billion and a P/E ratio of 9.38.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, July 24th. The company reported $2.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.97 by $0.26. During the same quarter last year, the company posted ($0.99) earnings per share. On average, analysts predict that Reinsurance Group of America will post $8.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Wednesday, August 6th. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.30.

Reinsurance Group of America, Incorporated (NYSE:RGA) is an insurance holding company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.