Reinsurance Group of America (NYSE:RGA) EVP Jonathan Porter Sells 3,852 Shares of Stock

Reinsurance Group of America, Incorporated (NYSE:RGA) EVP Jonathan Porter sold 3,852 shares of the firm’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $271.53, for a total value of $1,045,933.56. Following the transaction, the executive vice president owned 11,033 shares in the company, valued at $2,995,790.49. This trade represents a 25.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Reinsurance Group of America Stock Performance

RGA traded up $1.50 during trading hours on Friday, hitting $275.24. 357,528 shares of the stock were exchanged, compared to its average volume of 454,101. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 10.64 and a beta of 0.43. The stock has a 50-day simple moving average of $257.46 and a 200-day simple moving average of $228.24. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.16 and a quick ratio of 0.14. Reinsurance Group of America, Incorporated has a 12 month low of $182.73 and a 12 month high of $277.15.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, November 5th. The insurance provider reported $8.49 earnings per share for the quarter, beating the consensus estimate of $6.97 by $1.52. The firm had revenue of $7.55 billion during the quarter, compared to analyst estimates of $6.69 billion. Reinsurance Group of America had a net margin of 6.26% and a return on equity of 16.18%. During the same quarter in the previous year, the firm earned $6.37 earnings per share. Analysts anticipate that Reinsurance Group of America, Incorporated will post 30.05 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 17th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $3.92 annualized dividend and a dividend yield of 1.4%. Reinsurance Group of America’s payout ratio is 15.15%.

Key Reinsurance Group of America News

These are some of the RGA news items that stood out recently:

• Positive Sentiment: Wells Fargo upgraded RGA to Overweight and raised its price target to $312 from $292, implying about 13.4% upside from the cited $275.24 price. Wells Fargo rating
• Positive Sentiment: Dowling & Partners raised its earnings estimates, now forecasting EPS of $30.60 for FY2027 (up from $29.90) and $33.10 for FY2028 (up from $32.40). Higher forecasts signal improved expectations for future earnings.
• Negative Sentiment: EVP Jonathan Porter sold 3,852 shares for about $1.05 million, reducing his holdings by 25.88%. He retained 11,033 shares; the sale may still weigh on sentiment but does not establish the reason for the transaction. SEC filing

Institutional Investors Weigh In On Reinsurance Group of America

Large investors have recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Reinsurance Group of America during the third quarter valued at $29,000. Balance Wealth Partners LLC bought a new position in shares of Reinsurance Group of America during the third quarter worth about $30,000. Reyes Financial Architecture Inc. bought a new position in shares of Reinsurance Group of America during the third quarter worth about $38,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Reinsurance Group of America in the 2nd quarter worth about $53,000. Finally, Fortitude Family Office LLC increased its holdings in shares of Reinsurance Group of America by 62.7% in the 3rd quarter. Fortitude Family Office LLC now owns 249 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 96 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RGA has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a research report on Wednesday, November 4th. Piper Sandler raised their target price on shares of Reinsurance Group of America from $274.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, November 9th. JPMorgan Chase & Co. raised their target price on shares of Reinsurance Group of America from $293.00 to $297.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. Wells Fargo & Company lifted their target price on Reinsurance Group of America from $292.00 to $312.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, TD Cowen upped their target price on Reinsurance Group of America from $235.00 to $250.00 and gave the company a “hold” rating in a report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $281.12.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (RGA) is a global life and health reinsurer. It works with insurance companies to help them manage risks and support the development and distribution of insurance products. Its services include life and health reinsurance, as well as solutions involving longevity risk and asset-intensive reinsurance. RGA also provides underwriting expertise, data and analytics, and product and risk-management support to its clients. Founded in 1973, RGA serves clients across North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.