Press coverage about Reinsurance Group of America, (NYSE:RGA) has been trending positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Reinsurance Group of America, earned a news impact score of 0.47 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 46.5832179410111 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Reinsurance Group of America, Incorporated (RGA) EVP Sells $273,234.57 in Stock (americanbankingnews.com)
- Alan C. Henderson Sells 440 Shares of Reinsurance Group of America, Incorporated (RGA) Stock (americanbankingnews.com)
- Reinsurance Group of America’s executive compensation, stock ownership and more (bizjournals.com)
- Reinsurance Group of America, Incorporated (NYSE:RGA) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
Shares of Reinsurance Group of America, (NYSE RGA) opened at 137.54 on Friday. Reinsurance Group of America, has a 52-week low of $100.66 and a 52-week high of $141.89. The company’s 50-day moving average is $135.02 and its 200 day moving average is $128.91. The company has a market cap of $8.87 billion, a PE ratio of 11.72 and a beta of 0.83.
Reinsurance Group of America, (NYSE:RGA) last issued its earnings results on Thursday, July 27th. The insurance provider reported $2.95 EPS for the quarter, topping the consensus estimate of $2.44 by $0.51. Reinsurance Group of America, had a return on equity of 8.48% and a net margin of 6.33%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the company earned $2.80 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, analysts anticipate that Reinsurance Group of America, will post $10.21 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 4th. This represents a $2.00 annualized dividend and a yield of 1.45%. This is an increase from Reinsurance Group of America,’s previous quarterly dividend of $0.41. Reinsurance Group of America,’s dividend payout ratio (DPR) is currently 17.02%.
A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $137.00 price objective on shares of Reinsurance Group of America, in a research 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 research 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 research report on Friday, July 28th. Wells Fargo & Company reissued a “hold” rating on shares of Reinsurance Group of America, in a research 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 research report on Monday, May 1st. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $125.89.
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In other news, EVP Alain Neemeh sold 7,500 shares of Reinsurance Group of America, stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $139.69, for a total transaction of $1,047,675.00. Following the completion of the sale, the executive vice president now owns 43,292 shares in the company, valued at approximately $6,047,459.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP William L. Hutton sold 4,339 shares of Reinsurance Group of America, stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $140.42, for a total value of $609,282.38. Following the sale, the executive vice president now owns 18,624 shares of the company’s stock, valued at approximately $2,615,182.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,970 shares of company stock valued at $2,096,360. Corporate insiders own 1.47% of the company’s stock.
About Reinsurance Group of America,
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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