Reinsurance Group of America (NYSE:RGA - Get Free Report) will issue its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $5.11 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.
Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.94 by $0.54. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The firm had revenue of $4.88 billion during the quarter, compared to analysts' expectations of $5.07 billion. During the same period in the previous year, the firm earned $4.40 earnings per share. The company's revenue was up 17.4% on a year-over-year basis. On average, analysts expect Reinsurance Group of America to post $22 EPS for the current fiscal year and $23 EPS for the next fiscal year.
Reinsurance Group of America Trading Down 0.1 %
NYSE:RGA traded down $0.19 on Thursday, reaching $212.48. The company's stock had a trading volume of 237,168 shares, compared to its average volume of 353,980. Reinsurance Group of America has a 1-year low of $144.74 and a 1-year high of $227.87. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market cap of $13.99 billion, a PE ratio of 16.51 and a beta of 0.91. The business's 50-day moving average price is $215.19 and its two-hundred day moving average price is $207.94.
Reinsurance Group of America Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.68%. This is a boost from Reinsurance Group of America's previous quarterly dividend of $0.85. The ex-dividend date was Friday, August 9th. Reinsurance Group of America's payout ratio is presently 27.70%.
Insider Buying and Selling at Reinsurance Group of America
In other news, EVP William L. Hutton sold 1,209 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value of $264,734.73. Following the transaction, the executive vice president now owns 12,357 shares of the company's stock, valued at approximately $2,705,812.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.37% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on RGA shares. Raymond James boosted their price target on Reinsurance Group of America from $228.00 to $250.00 and gave the company a "strong-buy" rating in a report on Tuesday, September 24th. Royal Bank of Canada boosted their price target on Reinsurance Group of America from $225.00 to $235.00 and gave the company an "outperform" rating in a report on Monday, August 5th. Wells Fargo & Company upped their target price on Reinsurance Group of America from $239.00 to $244.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. TD Cowen began coverage on Reinsurance Group of America in a report on Wednesday, October 9th. They set a "hold" rating and a $235.00 target price on the stock. Finally, Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $226.62.
Read Our Latest Report on Reinsurance Group of America
About Reinsurance Group of America
(
Get Free Report)
Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.
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