Reinsurance Group of America, Incorporated (NYSE:RGA) EVP Alain Neemeh sold 7,500 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $139.69, for a total value of $1,047,675.00. Following the completion of the transaction, the executive vice president now owns 43,292 shares of the company’s stock, valued at approximately $6,047,459.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Reinsurance Group of America, Incorporated (NYSE:RGA) traded up 0.30% during mid-day trading on Tuesday, reaching $139.16. The company had a trading volume of 95,982 shares. The firm has a market capitalization of $8.97 billion, a PE ratio of 11.85 and a beta of 0.83. The stock’s 50-day moving average price is $130.95 and its 200 day moving average price is $127.70. Reinsurance Group of America, Incorporated has a 52 week low of $99.01 and a 52 week high of $140.97.

Reinsurance Group of America, (NYSE:RGA) last issued its earnings results on Thursday, July 27th. The insurance provider reported $2.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.51. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3 billion. Reinsurance Group of America, had a return on equity of 8.48% and a net margin of 6.33%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $2.80 EPS. On average, equities research analysts predict that Reinsurance Group of America, Incorporated will post $10.20 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be paid a $0.50 dividend. This is a positive change from Reinsurance Group of America,’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, August 4th. This represents a $2.00 dividend on an annualized basis and a yield of 1.44%. Reinsurance Group of America,’s dividend payout ratio (DPR) is 17.02%.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/08/08/reinsurance-group-of-america-incorporated-nyserga-evp-sells-1047675-00-in-stock.html.

Several research firms have recently weighed in on RGA. Keefe, Bruyette & Woods restated a “hold” rating and issued a $137.00 price target on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a research note on Tuesday, August 1st. Royal Bank Of Canada set a $134.00 price target on Reinsurance Group of America, and gave the stock a “hold” rating in a research note on Friday, July 28th. Jefferies Group LLC decreased their price target on Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating for the company in a research note on Monday, May 1st. Finally, Wells Fargo & Company restated a “hold” rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Reinsurance Group of America, currently has a consensus rating of “Hold” and a consensus price target of $125.89.

A number of institutional investors have recently modified their holdings of the company. Meritage Portfolio Management raised its position in shares of Reinsurance Group of America, by 1.6% in the first quarter. Meritage Portfolio Management now owns 61,954 shares of the insurance provider’s stock worth $7,867,000 after buying an additional 997 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Reinsurance Group of America, by 3.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,712 shares of the insurance provider’s stock worth $203,000 after buying an additional 54 shares during the period. Candriam Luxembourg S.C.A. raised its position in shares of Reinsurance Group of America, by 259.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 103,468 shares of the insurance provider’s stock worth $13,139,000 after buying an additional 74,649 shares during the period. James Investment Research Inc. purchased a new position in shares of Reinsurance Group of America, during the first quarter worth about $143,000. Finally, Barometer Capital Management Inc. raised its position in shares of Reinsurance Group of America, by 12.7% in the first quarter. Barometer Capital Management Inc. now owns 129,000 shares of the insurance provider’s stock worth $16,380,000 after buying an additional 14,500 shares during the period. Institutional investors own 92.60% of the company’s stock.

Reinsurance Group of America, Company Profile

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

Insider Buying and Selling by Quarter for Reinsurance Group of America, (NYSE:RGA)

Receive News & Ratings for Reinsurance Group of America Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reinsurance Group of America Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.