Reinsurance Group of America, Incorporated (RGA) To Go Ex-Dividend on August 18th

Reinsurance Group of America, Incorporated (NYSE:RGA) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Tuesday, August 18th will be given a dividend of 0.98 per share by the insurance provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, August 18th. This is a 5.4% increase from Reinsurance Group of America’s previous quarterly dividend of $0.93.

Reinsurance Group of America has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 16 consecutive years. Reinsurance Group of America has a payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Reinsurance Group of America to earn $29.06 per share next year, which means the company should continue to be able to cover its $3.92 annual dividend with an expected future payout ratio of 13.5%.

Reinsurance Group of America Trading Down 0.5%

RGA stock opened at $249.19 on Friday. The business has a fifty day moving average price of $227.11 and a 200 day moving average price of $215.33. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.14 and a quick ratio of 0.14. Reinsurance Group of America has a fifty-two week low of $178.21 and a fifty-two week high of $251.00. The stock has a market capitalization of $16.27 billion, a price-to-earnings ratio of 10.94 and a beta of 0.47.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, August 6th. The insurance provider reported $8.89 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.39. Reinsurance Group of America had a return on equity of 14.78% and a net margin of 5.81%.The company had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.67 billion. During the same quarter in the previous year, the firm earned $4.72 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. Analysts expect that Reinsurance Group of America will post 28.26 EPS for the current fiscal year.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.