Media stories about Reinsurance Group of America (NYSE:RGA) have trended positive on Tuesday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Reinsurance Group of America earned a media sentiment score of 0.45 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 45.7617055925349 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Reinsurance Group of America Inc (RGA) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- State of Wisconsin Investment Board Has $9.93 Million Position in Reinsurance Group of America Inc (RGA) (americanbankingnews.com)
- Reinsurance Group of America Inc (RGA) Shares Bought by The Manufacturers Life Insurance Company (americanbankingnews.com)
- Liberty Mutual Group Asset Management Inc. Reduces Stake in Reinsurance Group of America Inc (RGA) (americanbankingnews.com)
- Reinsurance Group of America Inc (RGA) Position Boosted by UBS Asset Management Americas Inc. (americanbankingnews.com)
Shares of Reinsurance Group of America (NYSE RGA) traded down $1.01 during trading on Tuesday, reaching $155.58. 485,119 shares of the company’s stock were exchanged, compared to its average volume of 340,493. Reinsurance Group of America has a 1 year low of $121.93 and a 1 year high of $165.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $10,075.78, a price-to-earnings ratio of 5.61, a P/E/G ratio of 1.39 and a beta of 0.75.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be given a $0.50 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.29%. Reinsurance Group of America’s dividend payout ratio is currently 7.22%.
Several analysts recently issued reports on the stock. Wells Fargo & Co reiterated a “market perform” rating and set a $165.00 price target (up previously from $160.00) on shares of Reinsurance Group of America in a research report on Wednesday, January 31st. Zacks Investment Research upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $174.00 target price on the stock in a research report on Thursday, January 4th. Royal Bank of Canada restated a “hold” rating and issued a $165.00 target price on shares of Reinsurance Group of America in a research report on Friday, December 8th. Citigroup set a $171.00 target price on shares of Reinsurance Group of America and gave the company a “buy” rating in a research report on Tuesday, November 21st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $148.00 target price on shares of Reinsurance Group of America in a research report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $150.43.
In other news, Director Arnoud W.A. Boot sold 400 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $155.26, for a total transaction of $62,104.00. Following the completion of the transaction, the director now owns 6,357 shares of the company’s stock, valued at $986,987.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan C. Henderson sold 556 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $148.84, for a total transaction of $82,755.04. Following the transaction, the director now directly owns 19,862 shares of the company’s stock, valued at approximately $2,956,260.08. The disclosure for this sale can be found here. Insiders have sold 1,456 shares of company stock valued at $222,659 in the last ninety days. Insiders own 1.76% of the company’s stock.
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About Reinsurance Group of America
Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.
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