John Hayden Sells 414 Shares of Reinsurance Group of America (NYSE:RGA) Stock

Reinsurance Group of America, Incorporated (NYSE:RGA) EVP John Hayden sold 414 shares of Reinsurance Group of America stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total value of $88,989.30. Following the sale, the executive vice president directly owned 20,949 shares of the company’s stock, valued at approximately $4,502,987.55. The trade was a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Reinsurance Group of America Stock Down 0.7%

Shares of Reinsurance Group of America stock traded down $1.46 during trading on Friday, hitting $213.71. 296,642 shares of the stock traded hands, compared to its average volume of 376,434. The stock has a market cap of $14.00 billion, a P/E ratio of 11.58 and a beta of 0.50. The company has a fifty day moving average price of $207.68 and a two-hundred day moving average price of $203.86. Reinsurance Group of America, Incorporated has a twelve month low of $165.52 and a twelve month high of $229.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.03 by $0.94. The firm had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.47 billion. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The company’s revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.66 earnings per share. Equities research analysts predict that Reinsurance Group of America, Incorporated will post 26.54 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be given a $0.93 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.7%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 20.15%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. TD Cowen reiterated a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Piper Sandler decreased their price target on shares of Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Wells Fargo & Company lifted their price objective on Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $264.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $251.25.

Hedge Funds Weigh In On Reinsurance Group of America

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millstone Evans Group LLC grew its holdings in shares of Reinsurance Group of America by 82.4% during the 3rd quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Activest Wealth Management bought a new stake in Reinsurance Group of America in the fourth quarter valued at $30,000. Tobam grew its holdings in shares of Reinsurance Group of America by 244.7% in the 4th quarter. Tobam now owns 162 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 115 shares during the last quarter. Root Financial Partners LLC bought a new position in Reinsurance Group of America during the 3rd quarter valued at about $33,000. Finally, International Assets Investment Management LLC acquired a new position in Reinsurance Group of America in the fourth quarter valued at about $35,000. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.