Reinsurance Group of America Inc. (NYSE:RGA) posted its earnings results on Wednesday. The company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.08. The firm earned $2.90 billion during the quarter, compared to analyst estimates of $2.79 billion. Reinsurance Group of America had a net margin of 5.17% and a return on equity of 9.26%. Reinsurance Group of America’s revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.90 EPS.

Shares of Reinsurance Group of America (NYSE:RGA) traded up 1.56% on Thursday, reaching $109.70. 190,904 shares of the company were exchanged. The stock has a market capitalization of $7.15 billion, a P/E ratio of 10.42 and a beta of 0.98. The stock has a 50 day moving average price of $108.24 and a 200-day moving average price of $100.44. Reinsurance Group of America has a 12 month low of $76.96 and a 12 month high of $111.40.

Earnings History for Reinsurance Group of America (NYSE:RGA)

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 29th. Investors of record on Tuesday, November 8th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.52%. Reinsurance Group of America’s payout ratio is presently 19.25%.

A number of research firms recently commented on RGA. Zacks Investment Research upgraded shares of Reinsurance Group of America from a “hold” rating to a “strong-buy” rating and set a $126.00 target price on the stock in a report on Thursday, October 20th. Deutsche Bank AG downgraded shares of Reinsurance Group of America from a “buy” rating to a “hold” rating and boosted their target price for the stock from $108.00 to $112.00 in a report on Wednesday, October 19th. Credit Suisse Group AG began coverage on shares of Reinsurance Group of America in a report on Friday, October 7th. They issued a “neutral” rating and a $115.00 target price on the stock. JPMorgan Chase & Co. downgraded shares of Reinsurance Group of America from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $105.00 to $108.00 in a report on Tuesday, October 4th. Finally, Wells Fargo & Co. began coverage on shares of Reinsurance Group of America in a report on Friday, September 23rd. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $105.80.

In other news, President Anna Manning sold 2,015 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $105.22, for a total value of $212,018.30. Following the transaction, the president now owns 9,707 shares of the company’s stock, valued at approximately $1,021,370.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO A Greig Woodring sold 31,058 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $100.62, for a total transaction of $3,125,055.96. Following the completion of the transaction, the chief executive officer now directly owns 208,353 shares in the company, valued at approximately $20,964,478.86. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Aviance Capital Partners LLC raised its position in shares of Reinsurance Group of America by 8.7% in the second quarter. Aviance Capital Partners LLC now owns 5,114 shares of the company’s stock valued at $496,000 after buying an additional 408 shares during the period. United Services Automobile Association raised its position in shares of Reinsurance Group of America by 2.9% in the second quarter. United Services Automobile Association now owns 5,290 shares of the company’s stock valued at $513,000 after buying an additional 150 shares during the period. Credit Suisse AG raised its position in shares of Reinsurance Group of America by 7.8% in the second quarter. Credit Suisse AG now owns 75,024 shares of the company’s stock valued at $7,278,000 after buying an additional 5,425 shares during the period. BlueMountain Capital Management LLC acquired a new position in shares of Reinsurance Group of America during the second quarter valued at about $676,000. Finally, Sei Investments Co. raised its position in shares of Reinsurance Group of America by 6.1% in the second quarter. Sei Investments Co. now owns 55,580 shares of the company’s stock valued at $5,390,000 after buying an additional 3,216 shares during the period. 91.79% of the stock is currently owned by institutional investors.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional and non-traditional life and health reinsurance. The Company has geographic-based or function-based segments, including U.S. and Latin America; Canada; Europe, Middle East and Africa; Asia Pacific, and Corporate and Other.

5 Day Chart for NYSE:RGA

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