Reinsurance Group of America, Incorporated Declares Quarterly Dividend of $0.89 (NYSE:RGA)

Reinsurance Group of America, Incorporated (NYSE:RGA) announced a quarterly dividend on Thursday, October 31st, RTT News reports. Shareholders of record on Tuesday, November 12th will be paid a dividend of 0.89 per share by the insurance provider on Tuesday, November 26th. This represents a $3.56 annualized dividend and a yield of 1.69%.

Reinsurance Group of America has raised its dividend by an average of 5.6% annually over the last three years and has increased its dividend annually for the last 16 consecutive years. Reinsurance Group of America has a payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Reinsurance Group of America to earn $22.50 per share next year, which means the company should continue to be able to cover its $3.56 annual dividend with an expected future payout ratio of 15.8%.

Reinsurance Group of America Stock Down 1.8 %

RGA stock traded down $3.84 during midday trading on Thursday, hitting $211.08. The company’s stock had a trading volume of 427,073 shares, compared to its average volume of 354,162. The stock has a market capitalization of $13.90 billion, a P/E ratio of 16.73 and a beta of 0.91. The company’s fifty day moving average price is $215.63 and its 200 day moving average price is $208.77. Reinsurance Group of America has a twelve month low of $146.16 and a twelve month high of $227.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.17 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, August 1st. The insurance provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $4.94 by $0.54. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $5.07 billion. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. Reinsurance Group of America’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.40 EPS. As a group, equities research analysts predict that Reinsurance Group of America will post 21.8 EPS for the current year.

Analysts Set New Price Targets

RGA has been the topic of a number of research reports. Morgan Stanley decreased their price target on shares of Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. Citigroup upped their price target on shares of Reinsurance Group of America from $194.00 to $252.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada upped their price target on shares of Reinsurance Group of America from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $226.62.

Insider Transactions 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 shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.37% of the stock is currently owned by insiders.

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.