Reinsurance Group of America, Incorporated (NYSE:RGA) Declares Quarterly Dividend of $0.93

Reinsurance Group of America, Incorporated (NYSE:RGA) declared a quarterly dividend on Thursday, February 5th. Investors of record on Tuesday, February 17th will be given a dividend of 0.93 per share by the insurance provider on Tuesday, March 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, February 17th.

Reinsurance Group of America has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 16 years. Reinsurance Group of America has a dividend payout ratio of 14.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Reinsurance Group of America to earn $24.55 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 15.2%.

Reinsurance Group of America Trading Up 0.3%

Shares of RGA opened at $205.77 on Friday. The business’s 50-day moving average price is $199.85 and its 200 day moving average price is $193.48. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $13.52 billion, a P/E ratio of 15.83 and a beta of 0.53. Reinsurance Group of America has a 1-year low of $159.25 and a 1-year high of $231.92.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 EPS for the quarter, beating analysts’ consensus estimates of $5.86 by $1.89. The company had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.25 billion. Reinsurance Group of America had a net margin of 3.89% and a return on equity of 12.19%. The business’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the firm earned $4.99 earnings per share. Analysts expect that Reinsurance Group of America will post 22.9 earnings per share for the current year.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.