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

Reinsurance Group of America, Incorporated (NYSE:RGA) saw a significant increase in short interest in 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. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 330,300 shares, the days-to-cover ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

A number of analysts have commented on RGA shares. Royal Bank of Canada boosted their target price on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report 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 report on Thursday, October 3rd. Raymond James upped their price objective on Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a research report on Tuesday, September 24th. Wells Fargo & Company upped their price objective on Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, TD Cowen started coverage on Reinsurance Group of America in a research report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.77.

Reinsurance Group of America Trading Down 1.4 %

Reinsurance Group of America stock traded down $2.89 during trading on Tuesday, hitting $208.56. The company’s stock had a trading volume of 53,393 shares, compared to its average volume of 354,600. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of 19.42 and a beta of 0.93. The stock’s fifty day moving average is $220.21 and its 200 day moving average is $214.33. Reinsurance Group of America has a 1-year low of $159.82 and a 1-year high of $233.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, topping the consensus estimate of $5.31 by $0.82. The company had revenue of $5.65 billion during the quarter, compared to analyst estimates 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 revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $5.57 earnings per share. As a group, equities research analysts predict that Reinsurance Group of America will post 21.67 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.89 per share. The ex-dividend date was Friday, November 8th. This represents a $3.56 annualized dividend and a yield of 1.71%. Reinsurance Group of America’s dividend payout ratio is presently 32.69%.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the sale, the executive vice president now directly owns 12,357 shares in the company, valued at approximately $2,705,812.29. The trade was a 8.91 % 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. 1.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Reinsurance Group of America

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. purchased a new stake in shares of Reinsurance Group of America in the third quarter worth about $25,000. International Assets Investment Management LLC purchased a new stake in shares of Reinsurance Group of America in the second quarter worth about $28,000. Family Firm Inc. purchased a new stake in shares of Reinsurance Group of America in the second quarter worth about $29,000. Private Trust Co. NA boosted its position in shares of Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after buying an additional 120 shares during the period. Finally, Wolff Wiese Magana LLC purchased a new stake in shares of Reinsurance Group of America in the third quarter worth about $34,000. 95.11% of the stock is currently 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.