News stories about Reinsurance Group of America (NYSE:RGA) have trended positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Reinsurance Group of America earned a news impact score of 0.46 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 45.5887046314995 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Reinsurance Group of America (NYSE RGA) traded up $0.49 during midday trading on Friday, reaching $157.13. 158,023 shares of the company traded hands, compared to its average volume of 215,975. The company has a market capitalization of $10,120.00, a price-to-earnings ratio of 12.94, a PEG ratio of 1.53 and a beta of 0.82. Reinsurance Group of America has a fifty-two week low of $121.93 and a fifty-two week high of $165.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.11 and a current ratio of 0.11.
Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.82. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.08 billion. Reinsurance Group of America had a net margin of 6.44% and a return on equity of 9.32%. Reinsurance Group of America’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 earnings per share. equities analysts anticipate that Reinsurance Group of America will post 11.07 EPS for the current year.
RGA has been the topic of a number of analyst reports. Citigroup set a $171.00 price objective on shares of Reinsurance Group of America and gave the company a “buy” rating in a research note on Tuesday, November 21st. Zacks Investment Research raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $174.00 price objective on the stock in a research note on Thursday. Goldman Sachs Group initiated coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price objective on the stock. Royal Bank of Canada set a $145.00 price objective on shares of Reinsurance Group of America and gave the company a “hold” rating in a research note on Friday, October 27th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and issued a $131.00 price objective on shares of Reinsurance Group of America in a research note on Thursday, October 26th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Reinsurance Group of America currently has a consensus rating of “Hold” and a consensus price target of $143.25.
In related news, EVP John P. Laughlin, Jr. sold 1,000 shares of the 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 transaction, the executive vice president now directly owns 27,277 shares of the company’s stock, valued at $4,090,458.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Christine Rose Detrick sold 659 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total transaction of $98,520.50. Following the transaction, the director now directly owns 4,023 shares in the company, valued at $601,438.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,159 shares of company stock worth $326,281. 1.47% of the stock is owned by insiders.
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Reinsurance Group of America Company Profile
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.
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