Reinsurance Group of America, Incorporated (NYSE:RGA) Director Christine Rose Detrick sold 659 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total transaction of $98,520.50. Following the sale, the director now owns 4,023 shares in the company, valued at $601,438.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) traded down $0.23 during mid-day trading on Friday, reaching $150.27. 304,876 shares of the company traded hands, compared to its average volume of 302,534. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.34. The stock has a market cap of $9.60 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 1.50 and a beta of 0.80.

Reinsurance Group of America, (NYSE:RGA) last announced its earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.82. Reinsurance Group of America, had a net margin of 6.44% and a return on equity of 9.32%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the previous year, the company posted $2.46 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. equities analysts expect that Reinsurance Group of America, Incorporated will post 11.07 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 7th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Monday, November 6th. Reinsurance Group of America,’s payout ratio is 16.46%.

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A number of hedge funds have recently made changes to their positions in RGA. Toronto Dominion Bank raised its stake in Reinsurance Group of America, by 11.7% in the 2nd quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock valued at $101,000 after purchasing an additional 83 shares during the last quarter. Acrospire Investment Management LLC raised its stake in Reinsurance Group of America, by 66.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock valued at $128,000 after purchasing an additional 400 shares during the last quarter. D.A. Davidson & CO. raised its stake in Reinsurance Group of America, by 27.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock valued at $148,000 after purchasing an additional 248 shares during the last quarter. Pacad Investment Ltd. acquired a new position in Reinsurance Group of America, in the 2nd quarter valued at about $167,000. Finally, IFP Advisors Inc acquired a new position in Reinsurance Group of America, in the 2nd quarter valued at about $207,000. 90.52% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on RGA. Royal Bank Of Canada lifted their price target on Reinsurance Group of America, and gave the stock a “market perform” rating in a research note on Monday. Wells Fargo & Company reaffirmed a “hold” rating and set a $131.00 price target on shares of Reinsurance Group of America, in a research note on Thursday, October 26th. Goldman Sachs Group, Inc. (The) began coverage on Reinsurance Group of America, in a research note on Wednesday, October 18th. They set a “buy” rating and a $153.00 price target for the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $137.00 price target on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a research note on Tuesday, August 1st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $133.88.

Reinsurance Group of America, Company Profile

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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