Reinsurance Group of America (RGA) Set to Announce Earnings on Thursday

Reinsurance Group of America (NYSE:RGA) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $4.57 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.40 by $0.33. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The firm had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the previous year, the business posted $2.99 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, analysts expect Reinsurance Group of America to post $19 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock opened at $191.01 on Thursday. Reinsurance Group of America has a 12-month low of $133.13 and a 12-month high of $196.25. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $183.66 and its two-hundred day moving average price is $168.79. The stock has a market cap of $12.57 billion, a PE ratio of 14.22 and a beta of 0.89.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Monday, February 12th. Reinsurance Group of America’s dividend payout ratio is presently 25.32%.

Insider Buying and Selling

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the transaction, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at $2,429,927.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the transaction, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at $2,429,927.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Todd C. Larson sold 2,966 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the transaction, the chief financial officer now directly owns 49,549 shares in the company, valued at $9,061,521.12. The disclosure for this sale can be found here. Insiders have sold a total of 6,462 shares of company stock valued at $1,162,239 over the last ninety days. 1.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RGA. Piper Sandler boosted their price target on Reinsurance Group of America from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Royal Bank of Canada restated an “outperform” rating and set a $212.00 price target on shares of Reinsurance Group of America in a report on Friday, April 12th. Morgan Stanley boosted their price target on Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $170.00 to $189.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods boosted their price target on Reinsurance Group of America from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $194.38.

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.