Media stories about Reinsurance Group of America (NYSE:RGA) have trended positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Reinsurance Group of America earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 47.2184935350434 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of equities research analysts recently issued reports on the company. Wells Fargo set a $165.00 price target on Reinsurance Group of America and gave the company a “hold” rating in a research note on Thursday, April 26th. Zacks Investment Research upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research note on Tuesday, April 3rd. UBS began coverage on Reinsurance Group of America in a research note on Friday, March 2nd. They issued a “neutral” rating and a $168.00 price target for the company. Credit Suisse Group began coverage on Reinsurance Group of America in a research note on Wednesday, April 25th. They set a “neutral” rating and a $164.00 target price for the company. Finally, Morgan Stanley reduced their target price on Reinsurance Group of America from $138.00 to $135.00 and set an “underweight” rating for the company in a research note on Thursday, April 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Reinsurance Group of America has a consensus rating of “Hold” and a consensus target price of $159.78.
NYSE RGA traded up $0.35 during midday trading on Tuesday, hitting $151.62. The company had a trading volume of 216,600 shares, compared to its average volume of 398,813. The stock has a market capitalization of $9.59 billion, a PE ratio of 13.99, a P/E/G ratio of 1.43 and a beta of 0.75. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.12 and a quick ratio of 0.12. Reinsurance Group of America has a twelve month low of $122.37 and a twelve month high of $165.12.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Tuesday, May 8th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, May 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.32%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 18.45%.
In related news, EVP Timothy T. Matson purchased 300 shares of Reinsurance Group of America stock in a transaction on Tuesday, May 1st. The shares were purchased at an average price of $149.15 per share, for a total transaction of $44,745.00. Following the transaction, the executive vice president now owns 2,095 shares of the company’s stock, valued at approximately $312,469.25. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alain Neemeh sold 2,955 shares of the company’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $153.66, for a total value of $454,065.30. Following the completion of the sale, the executive vice president now owns 37,492 shares in the company, valued at approximately $5,761,020.72. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.
About Reinsurance Group of America
Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.
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