Reinsurance Group of America (RGA) Earns News Sentiment Score of 0.46
Media coverage about Reinsurance Group of America (NYSE:RGA) has trended positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Reinsurance Group of America earned a news impact score of 0.46 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 46.116728710324 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several analysts have commented on the stock. Royal Bank of Canada reiterated a “hold” rating and set a $165.00 target price on shares of Reinsurance Group of America in a research report on Friday. Citigroup set a $171.00 target price on shares of Reinsurance Group of America and gave the company a “buy” rating in a research report on Tuesday, November 21st. Goldman Sachs Group assumed coverage on shares of Reinsurance Group of America in a research report on Wednesday, October 18th. They set a “buy” rating and a $153.00 target price for the company. Wells Fargo & Company reiterated a “hold” rating and set a $131.00 target price on shares of Reinsurance Group of America in a research report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $148.00 target price on shares of Reinsurance Group of America in a research report on Friday, November 10th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Reinsurance Group of America currently has an average rating of “Hold” and a consensus target price of $141.13.
Shares of Reinsurance Group of America (NYSE:RGA) traded up $0.03 during mid-day trading on Tuesday, hitting $160.36. 431,669 shares of the stock traded hands, compared to its average volume of 322,368. Reinsurance Group of America has a one year low of $121.93 and a one year high of $165.12. The firm has a market cap of $10,424.44, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 1.62 and a beta of 0.82. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.34.
Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share (EPS) 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 company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the business earned $2.46 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. sell-side analysts predict that Reinsurance Group of America will post 11.07 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 7th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Monday, November 6th. Reinsurance Group of America’s dividend payout ratio (DPR) is 16.46%.
In other news, Director Christine Rose Detrick sold 659 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $149.50, for a total value of $98,520.50. Following the completion of the transaction, the director now owns 4,023 shares of the company’s stock, valued at approximately $601,438.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $149.96, for a total transaction of $149,960.00. Following the completion of the transaction, the executive vice president now directly owns 27,277 shares of the company’s stock, valued at approximately $4,090,458.92. The disclosure for this sale can be found here. 1.76% of the stock is owned by insiders.
ILLEGAL ACTIVITY WARNING: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/reinsurance-group-of-america-rga-earns-news-sentiment-score-of-0-46/1760041.html.
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.
Receive News & Ratings for Reinsurance Group of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reinsurance Group of America and related companies with Analyst Ratings Network's FREE daily email newsletter.