Reinsurance Group of America, Incorporated (NYSE:RGA) EVP Alain Neemeh Sells 7,500 Shares

Reinsurance Group of America, Incorporated (NYSE:RGA) 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 transaction of $1,047,675.00. Following the sale, the executive vice president now owns 43,292 shares of the company’s stock, valued at approximately $6,047,459.48. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Reinsurance Group of America, Incorporated (RGA) opened at 136.87 on Friday. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 11.66 and a beta of 0.83. Reinsurance Group of America, Incorporated has a 52-week low of $101.08 and a 52-week high of $141.89. The company’s 50-day moving average is $135.25 and its 200 day moving average is $129.00.

Reinsurance Group of America, (NYSE:RGA) last released its quarterly earnings data on Thursday, July 27th. The insurance provider reported $2.95 EPS for the quarter, topping the consensus estimate of $2.44 by $0.51. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3 billion. Reinsurance Group of America, had a return on equity of 8.48% and a net margin of 6.33%. Reinsurance Group of America,’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company earned $2.80 EPS. Equities analysts forecast that Reinsurance Group of America, Incorporated will post $10.21 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th will be paid a dividend of $0.50 per share. This is an increase from Reinsurance Group of America,’s previous quarterly dividend of $0.41. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, August 4th. Reinsurance Group of America,’s payout ratio is currently 17.02%.

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RGA has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Friday, July 7th. Royal Bank Of Canada set a $134.00 target price on shares of Reinsurance Group of America, and gave the stock a “hold” rating in a research note on Friday, July 28th. Jefferies Group LLC reduced their target price on shares of 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. Wells Fargo & Company reiterated a “hold” rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $137.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $125.89.

Several large investors have recently added to or reduced their stakes in RGA. Quadrature Capital Ltd purchased a new stake in Reinsurance Group of America, during the fourth quarter worth about $269,000. UBS Asset Management Americas Inc. increased its stake in Reinsurance Group of America, by 99.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 147,863 shares of the insurance provider’s stock worth $18,604,000 after buying an additional 73,733 shares in the last quarter. Teachers Advisors LLC increased its stake in Reinsurance Group of America, by 21.0% in the fourth quarter. Teachers Advisors LLC now owns 166,577 shares of the insurance provider’s stock worth $20,960,000 after buying an additional 28,867 shares in the last quarter. Creative Planning increased its stake in Reinsurance Group of America, by 3.2% in the first quarter. Creative Planning now owns 1,050 shares of the insurance provider’s stock worth $133,000 after buying an additional 33 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in Reinsurance Group of America, by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 19,170 shares of the insurance provider’s stock worth $2,434,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 91.20% 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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