Ronald Herrmann Sells 7,000 Shares of Reinsurance Group of America (NYSE:RGA) Stock

Reinsurance Group of America, Incorporated (NYSE:RGA) EVP Ronald Herrmann sold 7,000 shares of Reinsurance Group of America stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $210.58, for a total value of $1,474,060.00. Following the completion of the transaction, the executive vice president owned 3,938 shares in the company, valued at $829,264.04. This trade represents a 64.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Reinsurance Group of America Price Performance

RGA opened at $210.12 on Wednesday. The business’s 50-day moving average is $207.21 and its two-hundred day moving average is $203.39. Reinsurance Group of America, Incorporated has a 1 year low of $165.52 and a 1 year high of $229.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market capitalization of $13.76 billion, a PE ratio of 11.38 and a beta of 0.50.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the previous year, the firm earned $5.66 earnings per share. The company’s revenue was up 23.5% on a year-over-year basis. Research analysts anticipate that Reinsurance Group of America, Incorporated will post 26.39 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be paid a dividend of $0.93 per share. The ex-dividend date is Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.8%. Reinsurance Group of America’s payout ratio is presently 20.15%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RGA shares. UBS Group boosted their price target on Reinsurance Group of America from $216.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $264.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. TD Cowen reiterated a “hold” rating on shares of Reinsurance Group of America in a research report on Wednesday, January 28th. Evercore reiterated an “outperform” rating and issued a $267.00 target price on shares of Reinsurance Group of America in a research report on Monday. Finally, Morgan Stanley upped their target price on Reinsurance Group of America from $208.00 to $223.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Reinsurance Group of America has an average rating of “Moderate Buy” and an average target price of $251.25.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Millstone Evans Group LLC raised its stake 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 buying an additional 61 shares during the period. Activest Wealth Management acquired a new position in shares of Reinsurance Group of America during the 4th quarter worth approximately $30,000. Tobam raised its stake in shares of Reinsurance Group of America by 244.7% during the 4th quarter. Tobam now owns 162 shares of the insurance provider’s stock worth $33,000 after buying an additional 115 shares during the period. Root Financial Partners LLC acquired a new position in shares of Reinsurance Group of America during the 3rd quarter worth approximately $33,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Reinsurance Group of America during the 4th quarter worth approximately $35,000. 95.11% of the stock is owned by institutional investors and hedge funds.

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.