Key Points
- EVP Jonathan Porter sold 3,852 RGA shares for about $1.05 million, cutting his stake by 25.88% to 11,033 shares.
- RGA reported quarterly EPS of $8.49, beating the $6.97 consensus estimate, and revenue of $7.55 billion versus expectations of $6.69 billion.
- Analysts’ consensus rating was Buy, with an average price target of $281.12; the company also announced a quarterly dividend of $0.98 per share.
Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) EVP Jonathan Porter sold 3,852 shares of the firm's stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $271.53, for a total transaction of $1,045,933.56. Following the completion of the sale, the executive vice president owned 11,033 shares in the company, valued at $2,995,790.49. The trade was a 25.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Reinsurance Group of America Stock Performance
Shares of RGA traded up $1.50 during mid-day trading on Friday, reaching $275.24. 357,528 shares of the company's stock traded hands, compared to its average volume of 454,101. The business's 50-day moving average price is $257.46 and its 200-day moving average price is $228.24. The stock has a market capitalization of $17.90 billion, a P/E ratio of 10.64 and a beta of 0.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.14 and a current ratio of 0.16. Reinsurance Group of America, Incorporated has a 12 month low of $182.73 and a 12 month high of $277.15.
Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The insurance provider reported $8.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.97 by $1.52. Reinsurance Group of America had a return on equity of 16.18% and a net margin of 6.26%. The business had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $6.69 billion. During the same period in the previous year, the firm posted $6.37 earnings per share. Equities analysts predict that Reinsurance Group of America, Incorporated will post 30.05 earnings per share for the current year.
Reinsurance Group of America Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 17th will be given a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, November 17th. Reinsurance Group of America's dividend payout ratio (DPR) is currently 15.15%.
Trending Headlines about Reinsurance Group of America
Investors following RGA have been watching these headlines:
- Positive Sentiment: Wells Fargo upgraded RGA to Overweight and raised its price target to $312 from $292, implying about 13.4% upside from the cited $275.24 price. Wells Fargo rating
- Positive Sentiment: Dowling & Partners raised its earnings estimates, now forecasting EPS of $30.60 for FY2027 (up from $29.90) and $33.10 for FY2028 (up from $32.40). Higher forecasts signal improved expectations for future earnings.
- Negative Sentiment: EVP Jonathan Porter sold 3,852 shares for about $1.05 million, reducing his holdings by 25.88%. He retained 11,033 shares; the sale may still weigh on sentiment but does not establish the reason for the transaction. SEC filing
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Morgan Stanley upgraded Reinsurance Group of America from an "equal weight" rating to an "overweight" rating and set a $295.00 price target for the company in a research report on Monday, September 28th. Barclays set a $292.00 price target on Reinsurance Group of America in a report on Thursday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Reinsurance Group of America from $293.00 to $297.00 and gave the company an "overweight" rating in a research note on Thursday, October 15th. UBS Group raised shares of Reinsurance Group of America from a "hold" rating to a "strong-buy" rating in a report on Friday, July 24th. Finally, Piper Sandler upped their price objective on shares of Reinsurance Group of America from $274.00 to $300.00 and gave the stock an "overweight" rating in a report on Monday, November 9th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $281.12.
Get Our Latest Report on RGA
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Greenleaf Trust raised its position in Reinsurance Group of America by 2.4% in the 2nd quarter. Greenleaf Trust now owns 1,811 shares of the insurance provider's stock valued at $385,000 after purchasing an additional 42 shares during the last quarter. Paulson Wealth Management Inc. boosted its stake in Reinsurance Group of America by 2.8% in the third quarter. Paulson Wealth Management Inc. now owns 1,542 shares of the insurance provider's stock worth $380,000 after purchasing an additional 42 shares in the last quarter. North Dakota State Investment Board boosted its stake in Reinsurance Group of America by 2.2% in the third quarter. North Dakota State Investment Board now owns 2,005 shares of the insurance provider's stock worth $494,000 after purchasing an additional 44 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Reinsurance Group of America by 2.7% during the third quarter. Allworth Financial LP now owns 2,175 shares of the insurance provider's stock worth $536,000 after purchasing an additional 57 shares during the last quarter. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Reinsurance Group of America by 9.5% during the second quarter. Elevation Wealth Partners LLC now owns 702 shares of the insurance provider's stock worth $149,000 after purchasing an additional 61 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors.
Reinsurance Group of America Company Profile
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Get Free Report)
Reinsurance Group of America, Incorporated (RGA) is a global life and health reinsurer. It works with insurance companies to help them manage risks and support the development and distribution of insurance products. Its services include life and health reinsurance, as well as solutions involving longevity risk and asset-intensive reinsurance. RGA also provides underwriting expertise, data and analytics, and product and risk-management support to its clients. Founded in 1973, RGA serves clients across North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.
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