Reinsurance Group of America, Incorporated (NYSE:RGA) declared a quarterly dividend on Thursday, July 27th, Fidelity reports. Shareholders of record on Tuesday, August 8th will be given a dividend of 0.50 per share by the insurance provider on Tuesday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, August 4th. This is an increase from Reinsurance Group of America,’s previous quarterly dividend of $0.41.
Reinsurance Group of America, has increased its dividend payment by an average of 13.0% per year over the last three years and has raised its dividend every year for the last 6 years. Reinsurance Group of America, has a dividend payout ratio of 19.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Reinsurance Group of America, to earn $10.84 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 18.5%.
Reinsurance Group of America, (NYSE:RGA) traded down 0.02% during trading on Wednesday, hitting $138.92. The company’s stock had a trading volume of 204,952 shares. Reinsurance Group of America, has a one year low of $100.41 and a one year high of $141.89. The firm has a market cap of $8.96 billion, a PE ratio of 11.83 and a beta of 0.83. The company has a 50-day moving average of $132.04 and a 200 day moving average of $127.97.
Reinsurance Group of America, (NYSE:RGA) last announced its earnings results on Thursday, July 27th. The insurance provider reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.51. Reinsurance Group of America, had a net margin of 6.33% and a return on equity of 8.48%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period in the prior year, the company earned $2.80 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Reinsurance Group of America, will post $10.21 earnings per share for the current year.
A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $137.00 target price on shares of Reinsurance Group of America, in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a report on Tuesday, August 1st. Royal Bank Of Canada set a $134.00 target price on shares of Reinsurance Group of America, and gave the company a “hold” rating in a report on Friday, July 28th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Reinsurance Group of America, in a report on Friday, April 28th. Finally, Jefferies Group LLC reduced their target price on shares of Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating for the company in a report on Monday, May 1st. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Reinsurance Group of America, has an average rating of “Hold” and an average price target of $125.89.
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In related news, EVP Timothy T. Matson bought 500 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was bought at an average cost of $127.39 per share, with a total value of $63,695.00. Following the completion of the acquisition, the executive vice president now owns 2,430 shares in the company, valued at approximately $309,557.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alain Neemeh sold 7,500 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $139.69, for a total transaction of $1,047,675.00. Following the completion of the transaction, the executive vice president now directly owns 43,292 shares of the company’s stock, valued at $6,047,459.48. The disclosure for this sale can be found here. Insiders have sold 12,589 shares of company stock valued at $1,761,582 over the last three months. 1.47% of the stock is currently owned by corporate insiders.
Reinsurance Group of America, Company Profile
Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.
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