Reinsurance Group of America (NYSE:RGA) Announces Earnings Results

Reinsurance Group of America (NYSE:RGA) posted its earnings results on Thursday. The insurance provider reported $6.02 EPS for the quarter, topping the consensus estimate of $4.55 by $1.47, Briefing.com reports. The firm had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $4.54 billion. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 16.49%. During the same quarter in the prior year, the firm earned $5.16 EPS.

Reinsurance Group of America Stock Up 5.5 %

Shares of Reinsurance Group of America stock opened at $201.65 on Monday. Reinsurance Group of America has a 12-month low of $133.13 and a 12-month high of $202.06. The firm has a market capitalization of $13.27 billion, a PE ratio of 15.67 and a beta of 0.88. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $186.60 and its 200-day moving average is $171.07.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Monday, May 13th. Reinsurance Group of America’s dividend payout ratio is presently 26.42%.

Insider Activity at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total value of $346,950.72. Following the completion of the transaction, the executive vice president now directly owns 13,363 shares in the company, valued at $2,429,927.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Todd C. Larson sold 2,966 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the sale, the chief financial officer now directly owns 49,549 shares of the company’s stock, valued at approximately $9,061,521.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William L. Hutton sold 1,908 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the sale, the executive vice president now owns 13,363 shares of the company’s stock, valued at $2,429,927.92. The disclosure for this sale can be found here. Insiders sold 6,462 shares of company stock worth $1,162,239 in the last quarter. 1.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

RGA has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price objective on Reinsurance Group of America from $193.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods raised their price target on Reinsurance Group of America from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Morgan Stanley upped their price objective on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. raised their target price on shares of Reinsurance Group of America from $189.00 to $195.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Evercore ISI boosted their price target on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $194.85.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.