Reinsurance Group of America, Incorporated (NYSE:RGA – Get Free Report) 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
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.
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