Arnoud W.A. Boot Sells 620 Shares of Reinsurance Group of America Inc (RGA) Stock

Reinsurance Group of America Inc (NYSE:RGA) Director Arnoud W.A. Boot sold 620 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $146.00, for a total transaction of $90,520.00. Following the completion of the transaction, the director now owns 6,409 shares of the company’s stock, valued at $935,714. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Reinsurance Group of America stock opened at $149.86 on Friday. Reinsurance Group of America Inc has a 1 year low of $127.84 and a 1 year high of $165.12. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 13.82 and a beta of 0.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.12 and a quick ratio of 0.12.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, October 25th. The insurance provider reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.29 by $0.74. Reinsurance Group of America had a net margin of 14.21% and a return on equity of 8.26%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.20 billion. Equities research analysts predict that Reinsurance Group of America Inc will post 12.16 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 6th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, November 5th. This represents a $2.40 annualized dividend and a yield of 1.60%. Reinsurance Group of America’s payout ratio is presently 22.14%.

RGA has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “hold” rating and set a $150.00 target price on shares of Reinsurance Group of America in a research report on Friday, July 27th. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research report on Monday, July 30th. Credit Suisse Group dropped their target price on shares of Reinsurance Group of America from $155.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, August 17th. Zacks Investment Research upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Finally, ValuEngine upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Reinsurance Group of America presently has an average rating of “Hold” and an average price target of $148.75.

Institutional investors have recently made changes to their positions in the business. Voya Investment Management LLC raised its stake in shares of Reinsurance Group of America by 1,282.4% during the second quarter. Voya Investment Management LLC now owns 722,721 shares of the insurance provider’s stock worth $96,468,000 after acquiring an additional 670,441 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Reinsurance Group of America by 4,168.7% during the third quarter. Public Employees Retirement Association of Colorado now owns 516,642 shares of the insurance provider’s stock worth $74,686,000 after acquiring an additional 504,539 shares in the last quarter. Nuance Investments LLC raised its stake in shares of Reinsurance Group of America by 432.1% during the second quarter. Nuance Investments LLC now owns 432,328 shares of the insurance provider’s stock worth $57,707,000 after acquiring an additional 351,078 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Reinsurance Group of America by 33.5% during the third quarter. Rockefeller Capital Management L.P. now owns 989,410 shares of the insurance provider’s stock worth $143,029,000 after acquiring an additional 248,223 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Reinsurance Group of America by 15.9% during the second quarter. Schroder Investment Management Group now owns 932,724 shares of the insurance provider’s stock worth $35,271,000 after acquiring an additional 128,283 shares in the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

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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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