Reinsurance Group of America, Incorporated (NYSE:RGA) Director Christine Rose Detrick sold 659 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total transaction of $98,520.50. Following the completion of the transaction, the director now owns 4,023 shares of the company’s stock, valued at $601,438.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Reinsurance Group of America, (NYSE:RGA) last posted its earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.82. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.08 billion. Reinsurance Group of America, had a net margin of 6.44% and a return on equity of 9.32%. Reinsurance Group of America,’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.46 EPS.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 7th will be issued a $0.50 dividend. The ex-dividend date is Monday, November 6th. This represents a $2.00 annualized dividend and a yield of 1.34%. Reinsurance Group of America,’s payout ratio is 16.46%.

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RGA has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Friday, July 7th. Royal Bank Of Canada set a $134.00 price objective on shares of Reinsurance Group of America, and gave the stock a “hold” rating in a report on Friday, July 28th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $137.00 price objective on shares of Reinsurance Group of America, in a report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Reinsurance Group of America, in a report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price objective for the company. Finally, Wells Fargo & Company restated a “hold” rating and issued a $131.00 price objective on shares of Reinsurance Group of America, in a report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $133.88.

A number of large investors have recently bought and sold shares of the business. Prudential Financial Inc. boosted its holdings in Reinsurance Group of America, by 32.5% in the 3rd quarter. Prudential Financial Inc. now owns 200,618 shares of the insurance provider’s stock valued at $27,992,000 after purchasing an additional 49,213 shares during the last quarter. Smith Moore & CO. boosted its holdings in Reinsurance Group of America, by 6.5% in the 3rd quarter. Smith Moore & CO. now owns 6,154 shares of the insurance provider’s stock valued at $859,000 after purchasing an additional 377 shares during the last quarter. USA Financial Portformulas Corp acquired a new position in Reinsurance Group of America, in the 3rd quarter valued at about $493,000. Trillium Asset Management LLC boosted its holdings in Reinsurance Group of America, by 0.8% in the 3rd quarter. Trillium Asset Management LLC now owns 142,795 shares of the insurance provider’s stock valued at $19,924,000 after purchasing an additional 1,135 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its holdings in Reinsurance Group of America, by 309.7% in the 3rd quarter. State of Tennessee Treasury Department now owns 92,600 shares of the insurance provider’s stock valued at $12,920,000 after purchasing an additional 70,000 shares during the last quarter. Institutional investors own 90.52% of the company’s stock.

About Reinsurance Group of America,

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)

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