Reinsurance Group of America, Incorporated (RGA) To Go Ex-Dividend on November 8th

Reinsurance Group of America, Incorporated (NYSE:RGA) declared a quarterly dividend on Thursday, October 31st, RTT News reports. Shareholders of record on Tuesday, November 12th will be paid a dividend of 0.89 per share by the insurance provider on Tuesday, November 26th. This represents a $3.56 annualized dividend and a yield of 1.67%. The ex-dividend date is Friday, November 8th.

Reinsurance Group of America has increased its dividend by an average of 5.6% per year over the last three years and has increased its dividend every year for the last 16 years. Reinsurance Group of America has a payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Reinsurance Group of America to earn $22.56 per share next year, which means the company should continue to be able to cover its $3.56 annual dividend with an expected future payout ratio of 15.8%.

Reinsurance Group of America Stock Up 0.8 %

RGA opened at $213.14 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The firm’s fifty day moving average is $215.77 and its 200 day moving average is $209.82. The stock has a market cap of $14.04 billion, a price-to-earnings ratio of 19.57 and a beta of 0.92. Reinsurance Group of America has a fifty-two week low of $151.90 and a fifty-two week high of $227.87.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the prior year, the company posted $5.57 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, sell-side analysts forecast that Reinsurance Group of America will post 21.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Reinsurance Group of America from $220.00 to $222.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Morgan Stanley reduced their target price on shares of Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. TD Cowen initiated coverage on Reinsurance Group of America in a research note on Wednesday, October 9th. They set a “hold” rating and a $235.00 price objective on the stock. Raymond James upped their price objective on Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group boosted their target price on Reinsurance Group of America from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $227.38.

Insider Buying and Selling at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,209 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total value of $264,734.73. Following the completion of the transaction, the executive vice president now owns 12,357 shares of the company’s stock, valued at $2,705,812.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.37% of the company’s stock.

Reinsurance Group of America Company Profile

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.