Reinsurance Group of America (RGA) to Release Earnings on Wednesday

Reinsurance Group of America (NYSE:RGA) will be posting its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Reinsurance Group of America to post earnings of $3.42 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Monday, July 29th. The insurance provider reported $3.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.37 by ($0.06). Reinsurance Group of America had a return on equity of 9.19% and a net margin of 5.85%. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the firm posted $3.10 EPS. On average, analysts expect Reinsurance Group of America to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Shares of RGA stock opened at $157.55 on Wednesday. Reinsurance Group of America has a fifty-two week low of $127.84 and a fifty-two week high of $163.46. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 13.00 and a beta of 0.66. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.13 and a current ratio of 0.13. The stock’s 50-day simple moving average is $156.97 and its 200-day simple moving average is $153.02.

In related news, EVP William L. Hutton sold 4,200 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $161.41, for a total value of $677,922.00. Following the sale, the executive vice president now owns 22,713 shares in the company, valued at $3,666,105.33. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Arnoud W.A. Boot sold 800 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $145.12, for a total value of $116,096.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,000 shares of company stock worth $1,271,243. 0.78% of the stock is owned by insiders.

RGA has been the topic of a number of recent research reports. Citigroup upped their target price on Reinsurance Group of America from $173.00 to $181.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Morgan Stanley upped their target price on Reinsurance Group of America from $142.00 to $144.00 and gave the company an “underweight” rating in a research report on Wednesday, July 10th. Zacks Investment Research upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating and set a $160.00 target price on the stock in a research report on Friday, October 11th. Royal Bank of Canada set a $170.00 target price on Reinsurance Group of America and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, UBS Group dropped their target price on Reinsurance Group of America from $156.00 to $154.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Reinsurance Group of America presently has an average rating of “Hold” and a consensus target price of $161.80.

Reinsurance Group of America Company Profile

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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Earnings History for Reinsurance Group of America (NYSE:RGA)

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