Reinsurance Group of America Inc (RGA) Director Alan C. Henderson Sells 556 Shares

Reinsurance Group of America Inc (NYSE:RGA) Director Alan C. Henderson sold 556 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $148.84, for a total value of $82,755.04. Following the sale, the director now directly owns 19,862 shares of the company’s stock, valued at $2,956,260.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Reinsurance Group of America Inc (NYSE:RGA) traded up $0.72 during trading on Monday, reaching $149.29. The company had a trading volume of 180,271 shares, compared to its average volume of 327,960. The stock has a market cap of $9,575.63, a P/E ratio of 5.40, a P/E/G ratio of 1.32 and a beta of 0.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. Reinsurance Group of America Inc has a 1 year low of $121.93 and a 1 year high of $165.12.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Monday, January 29th. The insurance provider reported $2.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.24). Reinsurance Group of America had a return on equity of 8.62% and a net margin of 14.56%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.22 billion. During the same period in the prior year, the company posted $2.92 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. research analysts forecast that Reinsurance Group of America Inc will post 12.5 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.34%. The ex-dividend date is Wednesday, February 7th. Reinsurance Group of America’s payout ratio is currently 7.22%.

Hedge funds have recently modified their holdings of the business. Trillium Asset Management LLC increased its position 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 worth $19,924,000 after purchasing an additional 1,135 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in Reinsurance Group of America by 103.3% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 35,441 shares of the insurance provider’s stock worth $5,526,000 after purchasing an additional 18,008 shares during the last quarter. Invictus RG acquired a new position in Reinsurance Group of America in the 3rd quarter worth about $271,000. Pensionfund Sabic acquired a new position in Reinsurance Group of America in the 4th quarter worth about $1,559,000. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in Reinsurance Group of America in the 3rd quarter worth about $2,298,000. 91.75% of the stock is currently owned by institutional investors.

Several equities research analysts have recently commented on the company. Wells Fargo & Co reaffirmed a “hold” rating and set a $131.00 target price on shares of Reinsurance Group of America in a report on Thursday, October 26th. Goldman Sachs Group assumed coverage on Reinsurance Group of America in a research note on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price objective for the company. Zacks Investment Research downgraded Reinsurance Group of America from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Citigroup set a $171.00 price objective on Reinsurance Group of America and gave the stock a “buy” rating in a research note on Tuesday, November 21st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $148.00 price objective on shares of Reinsurance Group of America in a research note on Friday, November 10th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $150.43.

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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.

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

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