Media stories about Reinsurance Group of America, (NYSE:RGA) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Reinsurance Group of America, earned a media sentiment score of 0.40 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 46.3366018524219 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Reinsurance Group of America, (RGA) opened at 143.23 on Wednesday. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of 12.20 and a beta of 0.85. Reinsurance Group of America, has a one year low of $106.68 and a one year high of $143.79. The firm has a 50-day moving average price of $136.82 and a 200-day moving average price of $131.50.
Reinsurance Group of America, (NYSE:RGA) last issued its earnings results on Thursday, July 27th. The insurance provider reported $2.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.51. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3 billion. Reinsurance Group of America, had a return on equity of 8.48% and a net margin of 6.33%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.80 earnings per share. Analysts expect that Reinsurance Group of America, will post $10.22 EPS for the current year.
A number of equities research analysts recently weighed in on RGA shares. Zacks Investment Research upgraded Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Friday, July 7th. Royal Bank Of Canada set a $134.00 price target on Reinsurance Group of America, and gave the company a “hold” rating in a research note on Friday, July 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $137.00 price objective on shares of Reinsurance Group of America, in a report on Thursday, August 3rd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Reinsurance Group of America, currently has a consensus rating of “Hold” and a consensus target price of $130.00.
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In other Reinsurance Group of America, news, Director Christine Rose Detrick sold 750 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $139.50, for a total value of $104,625.00. Following the sale, the director now directly owns 4,682 shares in the company, valued at $653,139. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Alain Neemeh sold 7,500 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $139.69, for a total value 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 $6,047,459.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,970 shares of company stock worth $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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