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

Reinsurance Group of America, Incorporated (NYSE:RGA) declared a quarterly dividend on Thursday, May 7th. Investors of record on Tuesday, May 19th will be paid a dividend of 0.93 per share by the insurance provider on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 19th.

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 annually for the last 16 consecutive years. Reinsurance Group of America has a payout ratio of 14.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Reinsurance Group of America to earn $28.44 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 13.1%.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA opened at $213.04 on Friday. The firm has a 50 day moving average of $207.78 and a 200 day moving average of $202.17. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 12.00 and a beta of 0.50. Reinsurance Group of America has a 52 week low of $165.52 and a 52 week high of $229.21.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.03 by $0.94. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The business had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter last year, the firm earned $5.66 EPS. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. On average, sell-side analysts predict that Reinsurance Group of America will post 26.27 earnings per share for the current fiscal 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.