Insider Selling: Todd C. Larson Sells 3,949 Shares of Reinsurance Group of America Stock (RGA)
Reinsurance Group of America (NYSE:RGA) EVP Todd C. Larson unloaded 3,949 shares of Reinsurance Group of America stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $81.57, for a total transaction of $322,119.93. Following the completion of the sale, the executive vice president now directly owns 20,998 shares in the company, valued at approximately $1,712,807. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
RGA has been the subject of a number of recent research reports. 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 analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Reinsurance Group of America currently has a consensus rating of “Hold” and a consensus price target of $87.00.
Shares of Reinsurance Group of America (NYSE:RGA) opened at 82.17 on Friday. 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 $80.4 and its 200-day moving average is $78.08. The company has a market cap of $5.634 billion and a P/E ratio of 9.36.
Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, July 24th. The company reported $2.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.97 by $0.26. During the same quarter in the previous 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. Investors of record on Friday, August 8th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Wednesday, August 6th. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.30.
Reinsurance Group of America, Incorporated (NYSE:RGA) is an insurance holding company.
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