Reinsurance Group of America CEO A Greig Woodring Sells 20,000 Shares (RGA)
Reinsurance Group of America (NYSE:RGA) CEO A Greig Woodring sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $82.64, for a total transaction of $1,652,800.00. Following the completion of the sale, the chief executive officer now directly owns 163,669 shares of the company’s stock, valued at approximately $13,525,606. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on RGA. 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $87.00.
Shares of Reinsurance Group of America (NYSE:RGA) traded up 0.44% on Wednesday, hitting $82.84. 418,247 shares of the company’s stock traded hands. Reinsurance Group of America has a one year low of $63.95 and a one year high of $82.75. The stock has a 50-day moving average of $80.64 and a 200-day moving average of $78.40. The company has a market cap of $5.680 billion and a price-to-earnings ratio of 9.47.
Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, July 24th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.26. During the same quarter in the previous year, the company posted ($0.99) earnings per share. Analysts expect that Reinsurance Group of America will post $8.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 8th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.59%. 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.