Reinsurance Group of America, Incorporated (NYSE:RGA) EVP Ronald Herrmann Sells 510 Shares

Reinsurance Group of America, Incorporated (NYSE:RGA) EVP Ronald Herrmann sold 510 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $161.05, for a total value of $82,135.50. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Reinsurance Group of America Stock Down 0.2 %

Reinsurance Group of America stock opened at $158.48 on Thursday. Reinsurance Group of America, Incorporated has a 1-year low of $120.99 and a 1-year high of $163.62. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.14 and a quick ratio of 0.14. The stock has a market cap of $10.45 billion, a PE ratio of 11.26 and a beta of 0.86. The stock’s fifty day moving average is $148.14 and its two-hundred day moving average is $144.19.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 14th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Monday, November 13th. Reinsurance Group of America’s dividend payout ratio is presently 24.15%.

Institutional Trading of Reinsurance Group of America

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tudor Investment Corp Et Al increased its position in shares of Reinsurance Group of America by 102.8% during the third quarter. Tudor Investment Corp Et Al now owns 15,275 shares of the insurance provider’s stock worth $2,218,000 after purchasing an additional 7,744 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Reinsurance Group of America by 27.9% during the third quarter. Moneta Group Investment Advisors LLC now owns 15,810 shares of the insurance provider’s stock worth $2,295,000 after purchasing an additional 3,445 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Reinsurance Group of America by 3.6% during the third quarter. Mercer Global Advisors Inc. ADV now owns 5,401 shares of the insurance provider’s stock worth $784,000 after purchasing an additional 186 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Reinsurance Group of America by 4.1% during the third quarter. The Manufacturers Life Insurance Company now owns 130,929 shares of the insurance provider’s stock worth $19,010,000 after purchasing an additional 5,180 shares in the last quarter. Finally, Dana Investment Advisors Inc. increased its position in shares of Reinsurance Group of America by 2.2% during the third quarter. Dana Investment Advisors Inc. now owns 118,007 shares of the insurance provider’s stock worth $17,133,000 after purchasing an additional 2,491 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Wells Fargo & Company increased their price objective on Reinsurance Group of America from $168.00 to $169.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 15th. Citigroup lowered their price objective on Reinsurance Group of America from $170.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th. Morgan Stanley increased their price objective on Reinsurance Group of America from $164.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on Reinsurance Group of America from $168.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, October 6th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Reinsurance Group of America has an average rating of “Moderate Buy” and an average price target of $165.91.

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.