Reinsurance Group of America (RGA) Set to Announce Quarterly Earnings on Monday

Reinsurance Group of America (NYSE:RGA) is set to issue its quarterly earnings data after the market closes on Monday, January 29th. Analysts expect the company to announce earnings of $2.83 per share for the quarter.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $3.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.82. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Reinsurance Group of America had a net margin of 6.44% and a return on equity of 9.32%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.46 earnings per share. On average, analysts expect Reinsurance Group of America to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Reinsurance Group of America (NYSE:RGA) opened at $162.45 on Monday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.34. The firm has a market cap of $10,462.43, a P/E ratio of 13.37, a P/E/G ratio of 1.47 and a beta of 0.82. Reinsurance Group of America has a twelve month low of $121.93 and a twelve month high of $165.12.

A number of brokerages recently issued reports on RGA. Royal Bank of Canada reiterated a “hold” rating and issued a $134.00 price target on shares of Reinsurance Group of America in a research note on Tuesday, October 10th. Goldman Sachs Group began coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price target for the company. Wells Fargo & Co reiterated a “hold” rating and issued a $131.00 price target on shares of Reinsurance Group of America in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $148.00 price target on shares of Reinsurance Group of America in a research note on Friday, November 10th. Finally, Citigroup set a $171.00 price target on shares of Reinsurance Group of America and gave the stock a “buy” rating in a research note on Tuesday, November 21st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $146.88.

In other news, Director Christine Rose Detrick sold 659 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $149.50, for a total transaction of $98,520.50. Following the completion of the sale, the director now owns 4,023 shares in the company, valued at approximately $601,438.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John P. Laughlin, Jr. sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $155.60, for a total transaction of $77,800.00. Following the sale, the executive vice president now owns 26,777 shares of the company’s stock, valued at approximately $4,166,501.20. The disclosure for this sale can be found here. Insiders sold 2,159 shares of company stock valued at $326,281 in the last quarter. 1.47% of the stock is owned by insiders.

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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.

Earnings History for Reinsurance Group of America (NYSE:RGA)

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