Reinsurance Group of America, Incorporated (NYSE:RGA) Short Interest Update

Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 315,900 shares, an increase of 16.4% from the November 15th total of 271,500 shares. Based on an average daily trading volume, of 330,300 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the company's stock are short sold.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA traded up $0.94 during midday trading on Friday, hitting $212.27. 496,446 shares of the company's stock were exchanged, compared to its average volume of 323,087. The company's 50 day moving average price is $220.22 and its 200 day moving average price is $214.32. The firm has a market capitalization of $13.98 billion, a PE ratio of 19.49 and a beta of 0.93. Reinsurance Group of America has a 12 month low of $157.48 and a 12 month high of $233.81. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.31 by $0.82. The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The firm's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.57 EPS. As a group, analysts predict that Reinsurance Group of America will post 21.67 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a $0.89 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.56 annualized dividend and a yield of 1.68%. Reinsurance Group of America's dividend payout ratio (DPR) is presently 32.69%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barclays lifted their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. StockNews.com upgraded Reinsurance Group of America from a "hold" rating to a "buy" rating in a research note on Thursday, October 17th. Royal Bank of Canada raised their price target on Reinsurance Group of America from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, October 3rd. Finally, TD Cowen began coverage on Reinsurance Group of America in a research note on Wednesday, October 9th. They issued a "hold" rating and a $235.00 price target for the company. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $227.77.

Insider Activity at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America 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 sale, the executive vice president now owns 12,357 shares of the company's stock, valued at approximately $2,705,812.29. This trade represents a 8.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Reinsurance Group of America

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Armstrong Advisory Group Inc. acquired a new position in Reinsurance Group of America in the 3rd quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in Reinsurance Group of America in the 2nd quarter valued at $28,000. Family Firm Inc. acquired a new position in Reinsurance Group of America in the 2nd quarter valued at $29,000. Wolff Wiese Magana LLC acquired a new position in Reinsurance Group of America in the 3rd quarter valued at $34,000. Finally, Private Trust Co. NA raised its holdings in Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock valued at $34,000 after acquiring an additional 120 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Company Profile

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.