Reinsurance Group of America Inc (NYSE:RGA) EVP John P. Laughlin, Jr. Sells 2,000 Shares of Stock

Reinsurance Group of America Inc (NYSE:RGA) EVP John P. Laughlin, Jr. sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $167.60, for a total transaction of $335,200.00. Following the transaction, the executive vice president now owns 34,097 shares in the company, valued at $5,714,657.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of RGA opened at $164.15 on Tuesday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average is $162.61 and its two-hundred day moving average is $156.09. Reinsurance Group of America Inc has a twelve month low of $129.17 and a twelve month high of $169.26. The firm has a market capitalization of $10.36 billion, a P/E ratio of 13.54 and a beta of 0.65.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $4.02 earnings per share for the quarter, topping the consensus estimate of $3.42 by $0.60. Reinsurance Group of America had a net margin of 5.40% and a return on equity of 8.49%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period in the prior year, the business posted $4.03 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. Analysts predict that Reinsurance Group of America Inc will post 13.63 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.70 per share. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 1.71%. The ex-dividend date is Friday, November 8th. Reinsurance Group of America’s dividend payout ratio is presently 23.10%.

Several research analysts have weighed in on RGA shares. UBS Group lowered their target price on shares of Reinsurance Group of America from $156.00 to $154.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Zacks Investment Research upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating and set a $160.00 target price on the stock in a research report on Friday, October 11th. Finally, Citigroup upped their target price on shares of Reinsurance Group of America from $173.00 to $181.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Reinsurance Group of America presently has a consensus rating of “Hold” and an average target price of $161.80.

Hedge funds have recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. grew its position in shares of Reinsurance Group of America by 12.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 5,547 shares of the insurance provider’s stock valued at $865,000 after purchasing an additional 615 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Reinsurance Group of America by 81.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 63,972 shares of the insurance provider’s stock valued at $10,228,000 after purchasing an additional 28,700 shares during the last quarter. MainStreet Investment Advisors LLC grew its position in shares of Reinsurance Group of America by 1.8% in the third quarter. MainStreet Investment Advisors LLC now owns 6,377 shares of the insurance provider’s stock valued at $1,019,000 after purchasing an additional 112 shares during the last quarter. First Interstate Bank acquired a new stake in shares of Reinsurance Group of America in the second quarter valued at approximately $29,000. Finally, Bessemer Group Inc. grew its position in shares of Reinsurance Group of America by 63.7% in the second quarter. Bessemer Group Inc. now owns 17,359 shares of the insurance provider’s stock valued at $2,709,000 after purchasing an additional 6,755 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

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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Insider Buying and Selling by Quarter for Reinsurance Group of America (NYSE:RGA)

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