News coverage about Reinsurance Group of America, (NYSE:RGA) has been trending very positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Reinsurance Group of America, earned a media sentiment score of 0.56 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near term.
A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Reinsurance Group of America, from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. Jefferies Group LLC cut their price target on Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating for the company in a research note on Monday, May 1st. Royal Bank Of Canada restated a “hold” rating and issued a $127.00 target price on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Wells Fargo & Co restated a “hold” rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $125.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Reinsurance Group of America, presently has a consensus rating of “Hold” and an average target price of $119.00.
Reinsurance Group of America, (RGA) traded down 0.98% during trading on Tuesday, reaching $127.95. The company had a trading volume of 175,810 shares. The firm has a market capitalization of $8.24 billion, a PE ratio of 10.81 and a beta of 0.83. Reinsurance Group of America, has a 12-month low of $90.26 and a 12-month high of $132.79. The firm’s 50 day moving average price is $125.70 and its 200 day moving average price is $126.49.
Reinsurance Group of America, (NYSE:RGA) last issued its earnings results on Thursday, April 27th. The insurance provider reported $1.86 EPS for the quarter, missing the Zacks’ consensus estimate of $2.11 by $0.25. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.86 billion. Reinsurance Group of America, had a net margin of 6.41% and a return on equity of 8.43%. Reinsurance Group of America,’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the company earned $1.85 earnings per share. Equities research analysts forecast that Reinsurance Group of America, will post $9.63 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 30th. Investors of record on Tuesday, May 9th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, May 5th. Reinsurance Group of America,’s payout ratio is currently 13.84%.
In related news, Director Christine Rose Detrick sold 500 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $127.00, for a total transaction of $63,500.00. Following the completion of the sale, the director now directly owns 5,432 shares in the company, valued at $689,864. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.47% of the stock is currently owned by company insiders.
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.
Receive News & Ratings for Reinsurance Group of America Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reinsurance Group of America Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.