Insider Selling: Reinsurance Group of America, Incorporated (NYSE:RGA) CFO Sells $151,641.28 in Stock

Reinsurance Group of America, Incorporated (NYSE:RGA – Get Rating) CFO Todd C. Larson sold 1,018 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $148.96, for a total value of $151,641.28. Following the sale, the chief financial officer now owns 44,260 shares in the company, valued at approximately $6,592,969.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Reinsurance Group of America Stock Performance

NYSE RGA opened at $150.19 on Friday. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 10.84 and a beta of 0.91. Reinsurance Group of America, Incorporated has a twelve month low of $109.06 and a twelve month high of $153.35. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average of $137.59 and a 200 day moving average of $141.40.

Reinsurance Group of America (NYSE:RGA – Get Rating) last released its quarterly earnings results on Friday, May 5th. The insurance provider reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $1.79. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.23 billion. Reinsurance Group of America had a return on equity of 23.94% and a net margin of 5.66%. During the same quarter in the prior year, the firm posted $0.47 EPS. Sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 17.74 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 30th. Shareholders of record on Tuesday, May 16th will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.13%. Reinsurance Group of America’s payout ratio is currently 23.10%.

Hedge Funds Weigh In On Reinsurance Group of America

Hedge funds have recently made changes to their positions in the company. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Reinsurance Group of America during the fourth quarter valued at approximately $27,000. Bay Harbor Wealth Management LLC acquired a new position in shares of Reinsurance Group of America during the first quarter valued at approximately $36,000. AllSquare Wealth Management LLC acquired a new position in shares of Reinsurance Group of America during the first quarter valued at approximately $36,000. Allworth Financial LP raised its holdings in shares of Reinsurance Group of America by 33.9% during the first quarter. Allworth Financial LP now owns 300 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 76 shares during the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new position in shares of Reinsurance Group of America during the first quarter valued at approximately $401,912,000. Institutional investors and hedge funds own 96.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on RGA. Wells Fargo & Company began coverage on Reinsurance Group of America in a research note on Tuesday, April 25th. They set an “overweight” rating and a $163.00 price target on the stock. Citigroup upgraded Reinsurance Group of America from a “sell” rating to a “buy” rating and upped their target price for the stock from $133.00 to $158.00 in a research note on Wednesday, March 15th. Royal Bank of Canada lowered their target price on Reinsurance Group of America from $170.00 to $164.00 and set an “outperform” rating on the stock in a research note on Thursday, April 20th. Barclays upped their target price on Reinsurance Group of America from $146.00 to $149.00 in a research note on Tuesday, May 9th. Finally, StockNews.com started coverage on Reinsurance Group of America in a research note on Thursday. They issued a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.80.

About Reinsurance Group of America

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Reinsurance Group of America, Inc is a holding company, which engages in the provision of traditional and non-traditional life and health reinsurance products. It operates through the following segments: U.S. and Latin America, Canada, Europe, Middle East, and Africa, Asia Pacific, and Corporate and Other.