Insider Selling: Reinsurance Group of America Inc (RGA) Director Sells $90,520.00 in Stock

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Reinsurance Group of America Inc (NYSE:RGA) Director Arnoud W.A. Boot sold 620 shares of the stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $146.00, for a total value of $90,520.00. Following the sale, the director now directly owns 6,409 shares in the company, valued at approximately $935,714. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of NYSE RGA opened at $148.76 on Friday. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 13.13 and a beta of 0.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.12 and a current ratio of 0.12. Reinsurance Group of America Inc has a twelve month low of $127.84 and a twelve month high of $165.12.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 6th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 5th. This represents a $2.40 dividend on an annualized basis and a yield of 1.61%. Reinsurance Group of America’s dividend payout ratio is currently 22.14%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in RGA. Clinton Group Inc. bought a new position in Reinsurance Group of America in the 2nd quarter worth about $781,000. IFM Investors Pty Ltd bought a new position in Reinsurance Group of America in the 2nd quarter worth about $239,000. KAMES CAPITAL plc bought a new position in Reinsurance Group of America in the 2nd quarter worth about $1,625,000. State of Alaska Department of Revenue increased its stake in Reinsurance Group of America by 39.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,060 shares of the insurance provider’s stock worth $942,000 after acquiring an additional 1,990 shares during the last quarter. Finally, Denali Advisors LLC increased its stake in Reinsurance Group of America by 47.4% in the 2nd quarter. Denali Advisors LLC now owns 51,000 shares of the insurance provider’s stock worth $6,807,000 after acquiring an additional 16,400 shares during the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

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Reinsurance Group of America Company Profile

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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