Reinsurance Group of America Inc (NYSE:RGA) Director Alan C. Henderson sold 947 shares of the company’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $145.00, for a total value of $137,315.00. Following the completion of the sale, the director now owns 18,915 shares of the company’s stock, valued at $2,742,675. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of NYSE RGA traded up $3.01 during mid-day trading on Friday, reaching $144.36. 325,492 shares of the company’s stock were exchanged, compared to its average volume of 368,322. The stock has a market cap of $9.06 billion, a PE ratio of 11.91 and a beta of 0.68. The company has a current ratio of 0.13, a quick ratio of 0.12 and a debt-to-equity ratio of 0.33. Reinsurance Group of America Inc has a 52-week low of $127.84 and a 52-week high of $163.00.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Monday, January 28th. The insurance provider reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.08. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Reinsurance Group of America had a return on equity of 9.11% and a net margin of 5.56%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.60 EPS. Research analysts predict that Reinsurance Group of America Inc will post 13.13 EPS for the current year.

Reinsurance Group of America declared that its Board of Directors has approved a share repurchase plan on Monday, January 28th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the insurance provider to repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Thursday, February 7th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Wednesday, February 6th. Reinsurance Group of America’s dividend payout ratio (DPR) is 19.80%.

Institutional investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its holdings in Reinsurance Group of America by 13,803.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,536,741 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 3,511,304 shares during the period. Riverview Trust Co purchased a new position in Reinsurance Group of America during the 4th quarter valued at about $32,000. FTB Advisors Inc. boosted its holdings in Reinsurance Group of America by 43.4% during the 4th quarter. FTB Advisors Inc. now owns 327 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 99 shares during the period. JOYN Advisors Inc. boosted its holdings in Reinsurance Group of America by 68.9% during the 4th quarter. JOYN Advisors Inc. now owns 434 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 177 shares during the period. Finally, Rehmann Capital Advisory Group boosted its holdings in Reinsurance Group of America by 16.2% during the 4th quarter. Rehmann Capital Advisory Group now owns 652 shares of the insurance provider’s stock valued at $91,000 after acquiring an additional 91 shares during the period. Institutional investors own 98.16% of the company’s stock.

A number of equities analysts have recently weighed in on RGA shares. Morgan Stanley increased their price target on Reinsurance Group of America from $131.00 to $134.00 and gave the stock an “underweight” rating in a report on Tuesday, November 13th. Zacks Investment Research upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Royal Bank of Canada upgraded Reinsurance Group of America from a “sector perform” rating to an “outperform” rating and set a $165.00 price target for the company in a report on Tuesday, December 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $148.14.

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About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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