About Reinsurance Group of America, Incorporated (NYSE:RGA)
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. and Latin America; Canada; Europe, Middle East and Africa; Asia Pacific, and Corporate and Other. Its geographic-based operations are further segmented into traditional and financial solutions businesses. The Company's subsidiaries include Reinsurance Company of Missouri, Incorporated, RGA Americas Reinsurance Company, Ltd., RGA Reinsurance Company (Barbados) Ltd., Manor Reinsurance, Ltd., RGA Reinsurance Company of South Africa, Limited, Aurora National Life Assurance Company, and RGA Reinsurance Company of Australia Limited. Traditional reinsurance includes individual and group life and health, disability, and critical illness reinsurance.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Life & Health Reinsurance
- Sub-Industry: Reinsurance
- Symbol: NYSE:RGA
- CUSIP: 75935160
- Web: www.rgare.com
- Market Cap: $9.33 billion
- Outstanding Shares: 64,493,000
- 50 Day Moving Avg: $138.20
- 200 Day Moving Avg: $132.06
- 52 Week Range: $106.68 - $147.13
Sales & Book Value:
- Trailing P/E Ratio: 12.35
- Foreward P/E Ratio: 13.28
- P/E Growth: 1.58
- Annual Revenue: $12.11 billion
- Price / Sales: 0.77
- Book Value: $123.60 per share
- Price / Book: 1.17
- Annual Dividend: $2.00
- Dividend Yield: 1.1%
- EBITDA: $1.34 billion
- Net Margins: 6.33%
- Return on Equity: 8.48%
- Return on Assets: 1.18%
- Debt-to-Equity Ratio: 0.35%
- Current Ratio: 0.11%
- Quick Ratio: 0.11%
- Average Volume: 298,726 shs.
- Beta: 0.85
- Short Ratio: 2.4
Frequently Asked Questions for Reinsurance Group of America, Incorporated (NYSE:RGA)
What is Reinsurance Group of America, Incorporated's stock symbol?
Reinsurance Group of America, Incorporated trades on the New York Stock Exchange (NYSE) under the ticker symbol "RGA."
How often does Reinsurance Group of America, Incorporated pay dividends? What is the dividend yield for Reinsurance Group of America, Incorporated?
Reinsurance Group of America, Incorporated declared a quarterly dividend on Thursday, July 27th. Shareholders of record on Tuesday, August 8th will be given a dividend of $0.50 per share on Tuesday, August 29th. This represents a $2.00 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, August 4th. This is a boost from Reinsurance Group of America, Incorporated's previous quarterly dividend of $0.41. View Reinsurance Group of America, Incorporated's Dividend History.
How will Reinsurance Group of America, Incorporated's stock buyback program work?
Reinsurance Group of America, Incorporated announced that its Board of Directors has authorized a share buyback plan on Wednesday, April 12th 2017, which allows the company to buyback $400,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.
How were Reinsurance Group of America, Incorporated's earnings last quarter?
Reinsurance Group of America, Incorporated (NYSE:RGA) issued its earnings results on Thursday, July, 27th. The company reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.51. The firm had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $3 billion. Reinsurance Group of America, Incorporated had a net margin of 6.33% and a return on equity of 8.48%. The business's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $2.80 EPS. View Reinsurance Group of America, Incorporated's Earnings History.
When will Reinsurance Group of America, Incorporated make its next earnings announcement?
Where is Reinsurance Group of America, Incorporated's stock going? Where will Reinsurance Group of America, Incorporated's stock price be in 2017?
7 equities research analysts have issued 12-month target prices for Reinsurance Group of America, Incorporated's stock. Their forecasts range from $77.00 to $153.00. On average, they anticipate Reinsurance Group of America, Incorporated's share price to reach $128.67 in the next twelve months. View Analyst Ratings for Reinsurance Group of America, Incorporated.
What are analysts saying about Reinsurance Group of America, Incorporated stock?
Here are some recent quotes from research analysts about Reinsurance Group of America, Incorporated stock:
- 1. According to Zacks Investment Research, "Reinsurance Group continues to benefit from a mix of organic and transactional opportunities. Its niche position in the U.S. and Canadian reinsurance markets and the expansion of its international operations and diversified earnings stream are positives. Moreover, it is poised to benefit from an improving life reinsurance pricing environment. Thus the company expects operating income per share to grow 5% to 8% and operating ROE between 10% and 12% in the intermediate term. However, exposure to foreign exchange volatility, volatile Australian business and evolving capital requirements pose headwinds for the company in near term. Shares of Reinsurance Group underperformed the industry, year to date. Reinsurance Group’s bottom line beat expectation. Traditional business both in the EMEA and Asia-Pacific were strong. Top-line growth came on improved U.S. mortality claims and robust organic growth across most regions." (8/1/2017)
- 2. Wells Fargo & Company analysts commented, "We are lowering our 2017 EPS estimate to $9.75 from $9.93 to reflect lower US Traditional earnings. No change to our 2018 estimate of $10.80. No change to our valuation range." (4/28/2017)
Who are some of Reinsurance Group of America, Incorporated's key competitors?
Some companies that are related to Reinsurance Group of America, Incorporated include Erste Group Bank AG (EBKDY), Regions Financial Corporation (RF), Cielo SA (CIOXY), Essex Property Trust (ESS), Lincoln National Corporation (LNC), National Bank of Canada (NTIOF), Credicorp (BAP), Loews Corporation (L), First Republic Bank (FRC), Huntington Bancshares Incorporated (HBAN), Realty Income Corporation (O), Hannover Ruck SE (HVRRY), Markel Corporation (MKL), Host Hotels & Resorts (HST), Vornado Realty Trust (VNO), Arch Capital Group (ACGL), CNA Financial Corporation (CNA) and Comerica Incorporated (CMA).
Who are Reinsurance Group of America, Incorporated's key executives?
Reinsurance Group of America, Incorporated's management team includes the folowing people:
- J. Cliff Eason, Independent Chairman of the Board
- Anna Manning, President, Chief Executive Officer, Director
- Todd C. Larson, Chief Financial Officer, Senior Executive Vice President
- Alain P. Neemeh, Chief Operating Officer, Senior Executive Vice President
- Timothy Matson, Executive Vice President, Chief Investment Officer
- William L. Hutton, Executive Vice President, General Counsel, Secretary
- John P. Laughlin, Executive Vice President of Global Financial Solutions
- Jonathan Porter, Executive Vice President and Global Chief Risk Officer
- John W. Hayden, Senior Vice President, Controller
- William J. Bartlett CPA, Independent Director
Who owns Reinsurance Group of America, Incorporated stock?
Reinsurance Group of America, Incorporated's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Rockefeller Financial Services Inc. (0.99%), Hermes Investment Management Ltd. (0.72%), Diamond Hill Capital Management Inc. (0.70%), Nationwide Fund Advisors (0.25%), Assenagon Asset Management S.A. (0.13%) and Mutual of America Capital Management LLC (0.11%). Company insiders that own Reinsurance Group of America, Incorporated stock include A Greig Woodring, Alain Neemeh, Alan C Henderson, Anna Manning, Arnoud WA Boot, Christine Rose Detrick, J Cliff Eason, John P Laughlin Jr, John W Hayden, Timothy T Matson, Todd C Larson and William L Hutton. View Institutional Ownership Trends for Reinsurance Group of America, Incorporated.
Who sold Reinsurance Group of America, Incorporated stock? Who is selling Reinsurance Group of America, Incorporated stock?
Reinsurance Group of America, Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Hermes Investment Management Ltd., Diamond Hill Capital Management Inc., Meeder Asset Management Inc., Denali Advisors LLC, Rockefeller Financial Services Inc., RDL Financial Inc., Mutual of America Capital Management LLC and Nationwide Fund Advisors. Company insiders that have sold Reinsurance Group of America, Incorporated stock in the last year include Alain Neemeh, Alan C Henderson, Arnoud WA Boot, Christine Rose Detrick, J Cliff Eason, John P Laughlin Jr, Todd C Larson and William L Hutton. View Insider Buying and Selling for Reinsurance Group of America, Incorporated.
Who bought Reinsurance Group of America, Incorporated stock? Who is buying Reinsurance Group of America, Incorporated stock?
How do I buy Reinsurance Group of America, Incorporated stock?
Shares of Reinsurance Group of America, Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Reinsurance Group of America, Incorporated's stock price today?
MarketBeat Community Rating for Reinsurance Group of America, Incorporated (NYSE RGA)MarketBeat's community ratings are surveys of what our community members think about Reinsurance Group of America, Incorporated and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Reinsurance Group of America, Incorporated stock can currently be purchased for approximately $144.71.
Consensus Ratings for Reinsurance Group of America, Incorporated (NYSE:RGA) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||5 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.29)|
|Consensus Price Target: ||$128.67 (11.09% downside)|Consensus Price Target History for Reinsurance Group of America, Incorporated (NYSE:RGA)
Analysts' Ratings History for Reinsurance Group of America, Incorporated (NYSE:RGA)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/18/2017||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Buy||$153.00||N/A|
|10/10/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$134.00||N/A|
|8/3/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$137.00||Low|
|5/1/2017||Jefferies Group LLC||Lower Price Target||Hold||$80.00 -> $77.00||Low|
|4/28/2017||Wells Fargo & Company||Reiterated Rating||Hold||High|
|1/26/2017||Citigroup Inc.||Initiated Coverage||Buy||$144.00||N/A|
|1/23/2017||Deutsche Bank AG||Boost Price Target||Hold||$121.00 -> $127.00||N/A|
|10/7/2016||Credit Suisse Group||Initiated Coverage||Neutral||$115.00||N/A|
|10/4/2016||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||$105.00 -> $108.00||N/A|
|7/6/2016||Evercore ISI||Initiated Coverage||Hold||$92.00||N/A|
|4/30/2016||Morgan Stanley||Reiterated Rating||Sell||N/A|
|11/4/2015||Macquarie||Lower Price Target||Outperform||$109.00 -> $107.00||N/A|
Earnings History for Reinsurance Group of America, Incorporated (NYSE:RGA)Earnings History by Quarter for Reinsurance Group of America, Incorporated (NYSE RGA)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$2.44||$2.95||$3.00 billion||$3.13 billion||View||N/A|
|4/27/2017||Q1 2017||$2.11||$1.86||$2.86 billion||$3.01 billion||View||N/A|
|1/30/2017||Q416||$2.52||$2.63||$2.89 billion||$3.07 billion||View||Listen|
|10/26/2016||Q316||$2.38||$2.46||$2.79 billion||$2.90 billion||View||Listen|
|7/28/2016||Q216||$2.29||$2.80||$2.71 billion||$3.04 billion||View||Listen|
|4/28/2016||Q116||$1.95||$1.85||$2.63 billion||$2.51 billion||View||Listen|
|1/28/2016||Q415||$2.57||$2.84||$2.65 billion||$2.83 billion||View||Listen|
|10/29/2015||Q315||$2.24||$1.90||$2.67 billion||$2.44 billion||View||Listen|
|7/23/2015||Q215||$2.18||$1.94||$2.60 billion||$2.63 billion||View||Listen|
|4/23/2015||Q115||$1.84||$1.77||$2.62 billion||$2.52 billion||View||Listen|
|2/2/2015||Q414||$2.13||$2.44||$2.87 billion||$2.70 billion||View||Listen|
|10/27/2014||Q314||$2.07||$2.31||$2.65 billion||$2.72 billion||View||Listen|
|7/24/2014||Q214||$1.97||$2.23||$2.86 billion||$2.71 billion||View||Listen|
|4/24/2014||Q114||$1.73||$1.61||$2.53 billion||$2.66 billion||View||Listen|
|7/18/2013||Q2 2013||$1.83||($0.99)||$2.48 billion||$2.00 billion||View||Listen|
|4/25/2013||Q1 2013||$1.61||$1.65||$2.40 billion||$2.60 billion||View||Listen|
|1/31/2013||Q4 2012||$1.79||$2.44||$2.59 billion||$2.18 billion||View||Listen|
Earnings Estimates for Reinsurance Group of America, Incorporated (NYSE:RGA)
Current Year EPS Consensus Estimate: $10.24 EPS
Next Year EPS Consensus Estimate: $10.90 EPS
Current Dividend Information for Reinsurance Group of America, Incorporated (NYSE:RGA)
|Most Recent Dividend:||8/29/2017|
|Dividend Growth:||13.00% (3 Year Average)|
|Payout Ratio:||17.02% (Trailing 12 Months of Earnings) |
19.53% (Based on This Year's Estimates)
18.35% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Reinsurance Group of America, Incorporated (NYSE RGA)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Reinsurance Group of America, Incorporated (NYSE:RGA)
Insider Ownership Percentage: 1.47%Insider Trades by Quarter for Reinsurance Group of America, Incorporated (NYSE:RGA)
Institutional Ownership Percentage: 90.54%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/15/2017||John P Laughlin Jr||EVP||Sell||1,941||$140.77||$273,234.57|| |
|8/14/2017||Alan C Henderson||Director||Sell||440||$139.87||$61,542.80|| |
|8/7/2017||Alain Neemeh||EVP||Sell||7,500||$139.69||$1,047,675.00|| |
|8/3/2017||William L Hutton||EVP||Sell||4,339||$140.42||$609,282.38|| |
|8/1/2017||Christine Rose Detrick||Director||Sell||750||$139.50||$104,625.00|| |
|6/21/2017||Timothy T Matson||EVP||Buy||500||$127.39||$63,695.00|| |
|5/2/2017||Christine Rose Detrick||Director||Sell||500||$127.00||$63,500.00|| |
|3/3/2017||J Cliff Eason||Director||Sell||1,854||$129.62||$240,315.48|| |
|2/16/2017||Todd C Larson||CFO||Sell||2,964||$128.76||$381,644.64|| |
|2/7/2017||Arnoud W.A. Boot||Director||Sell||1,000||$127.19||$127,190.00|| |
|11/1/2016||Alain Neemeh||EVP||Sell||5,705||$107.66||$614,200.30|| |
|8/29/2016||John W Hayden||SVP||Sell||1,988||$105.42||$209,574.96|| |
|8/26/2016||Anna Manning||President||Sell||2,015||$105.22||$212,018.30|| |
|8/5/2016||A Greig Woodring||CEO||Sell||31,058||$100.62||$3,125,055.96|| |
|8/5/2016||Todd C Larson||CFO||Sell||2,355||$100.73||$237,219.15|| |
|5/11/2016||Arnoud W.A. Boot||Director||Sell||625||$96.00||$60,000.00|| |
|2/22/2016||Alan C Henderson||Director||Sell||1,000||$90.28||$90,280.00|| |
|2/10/2016||Arnoud W.A. Boot||Director||Sell||900||$86.00||$77,400.00|| |
|8/14/2015||A Greig Woodring||CEO||Sell||37,911||$97.04||$3,678,883.44|| |
|5/14/2015||Todd C Larson||EVP||Sell||1,483||$93.43||$138,556.69|| |
|5/7/2015||Jack B Lay||CFO||Sell||49,439||$92.42||$4,569,152.38|| |
|2/27/2015||William L Hutton||EVP||Sell||7,125||$89.80||$639,825.00|| |
|2/24/2015||Todd C Larson||EVP||Sell||7,056||$90.00||$635,040.00|| |
|11/26/2014||Alain Neemeh||VP||Sell||16,322||$86.07||$1,404,834.54|| |
|10/31/2014||Paul A Schuster||EVP||Sell||27,620||$83.84||$2,315,660.80|| |
|10/30/2014||Alan C Henderson||Director||Sell||1,000||$83.00||$83,000.00|| |
|8/26/2014||A Greig Woodring||CEO||Sell||20,000||$82.64||$1,652,800.00|| |
|8/26/2014||Alain Neemeh||VP||Sell||3,439||$82.52||$283,786.28|| |
|8/19/2014||Todd C Larson||EVP||Sell||3,949||$81.57||$322,119.93|| |
|5/23/2014||Paul A Schuster||EVP||Sell||1,948||$77.60||$151,164.80|| |
|2/28/2014||John Laughlin, Jr.||EVP||Sell||1,000||$75.76||$75,760.00|| |
|2/18/2014||A Greig Woodring||CEO||Sell||29,492||$74.63||$2,200,987.96|| |
|2/10/2014||Todd Larson||EVP||Sell||3,476||$72.25||$251,141.00|| |
|2/5/2014||Arnoud W.A. Boot||Director||Sell||3,100||$71.34||$221,154.00|| |
|11/21/2013||Jack Lay||CFO||Sell||36,854||$74.47||$2,744,517.38|| |
|8/19/2013||Bryant Allan O||EVP||Buy||6,500||$65.09||$423,085.00|| |
|5/16/2013||Paul A Schuster||EVP||Sell||6,500||$63.97||$415,805.00|| |
|5/15/2013||Alain Neemeh||VP||Sell||2,500||$64.00||$160,000.00|| |
|5/15/2013||Todd C Larson||EVP||Sell||3,000||$63.70||$191,100.00|| |
|5/8/2013||William L Hutton||EVP||Sell||4,158||$64.27||$267,234.66|| |
|4/30/2013||A Greig Woodring||CEO||Sell||34,335||$61.97||$2,127,739.95|| |
|4/30/2013||Alain Neemeh||VP||Sell||11,760||$62.33||$733,000.80|| |
|2/5/2013||Todd C Larson||EVP||Sell||2,035||$57.92||$117,867.20|| |
Headline Trends for Reinsurance Group of America, Incorporated (NYSE:RGA)
Latest Headlines for Reinsurance Group of America, Incorporated (NYSE:RGA)
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Reinsurance Group of America, Incorporated (RGA) Chart for Tuesday, October, 24, 2017