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About Reinsurance Group of America (NYSE:RGA)
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. The company also provides reinsurance for mortality, morbidity, and lapse risk associated with products; and reinsurance for investment-related risks, as well as develops and markets technology solutions for the insurance industry. It serves life insurance companies in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia Pacific. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.
Industry, Sector and Symbol
Industry Life insurance
Sub-IndustryReinsurance
SectorFinance
SymbolNYSE:RGA
CUSIP75935160
Phone636-736-7000
Debt
Debt-to-Equity Ratio0.31
Current Ratio0.12
Quick Ratio0.12
Price-To-Earnings
Trailing P/E Ratio13.81
Forward P/E Ratio12.98
P/E Growth1.46
Sales & Book Value
Annual Sales$12.52 billion
Price / Sales0.77
Cash Flow$10.1392 per share
Price / Cash14.80
Book Value$139.61 per share
Price / Book1.07
Profitability
EPS (Most Recent Fiscal Year)$10.84
Net Income$1.82 billion
Net Margins14.01%
Return on Equity8.04%
Return on Assets1.17%
Miscellaneous
Employees2,640
Outstanding Shares64,520,000
Reinsurance Group of America (NYSE:RGA) Frequently Asked Questions
What is Reinsurance Group of America's stock symbol?
Reinsurance Group of America trades on the New York Stock Exchange (NYSE) under the ticker symbol "RGA."
How often does Reinsurance Group of America pay dividends? What is the dividend yield for Reinsurance Group of America?
Reinsurance Group of America announced a quarterly dividend on Friday, April 27th. Shareholders of record on Tuesday, May 8th will be given a dividend of $0.50 per share on Tuesday, May 29th. This represents a $2.00 annualized dividend and a yield of 1.34%. The ex-dividend date is Monday, May 7th. View Reinsurance Group of America's Dividend History.
How will Reinsurance Group of America's stock buyback program work?
Reinsurance Group of America declared that its board has approved a share buyback program on Wednesday, April 12th 2017, which permits the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.
How were Reinsurance Group of America's earnings last quarter?
Reinsurance Group of America Inc (NYSE:RGA) announced its quarterly earnings data on Thursday, April, 26th. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.48 by $0.87. The insurance provider had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. Reinsurance Group of America had a return on equity of 8.04% and a net margin of 14.01%. Reinsurance Group of America's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 earnings per share. View Reinsurance Group of America's Earnings History.
When is Reinsurance Group of America's next earnings date?
What price target have analysts set for RGA?
8 Wall Street analysts have issued 1-year price objectives for Reinsurance Group of America's shares. Their predictions range from $135.00 to $171.00. On average, they anticipate Reinsurance Group of America's stock price to reach $158.6250 in the next twelve months. View Analyst Ratings for Reinsurance Group of America.
What are Wall Street analysts saying about Reinsurance Group of America stock?
Here are some recent quotes from research analysts about Reinsurance Group of America stock:
- 1. According to Zacks Investment Research, "Shares of Reinsurance Group have outperformed the industry in a year's time. The stock has also seen its 2018 and 2019 estimates moving north in the last 60 days. 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. It expects operating income per share to grow 58% 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." (4/4/2018)
- 2. Wells Fargo & Co analysts commented, "We think shares will react favorably to the beat and strong underlying trends. The war chest is still there; RGA is ready to take advantage of the Great Restructuring. After accounting for $27 million of share repurchase and a number of small in-force transactions, excess capital stood at $1.0 billion at September 30, same as at June 30. We think the life and annuity industry has entered a phase of rationalization where companies increasingly concentrate on product lines where they have competitive advantages and are able to deploy capital at highest returns." (10/26/2017)
Who are some of Reinsurance Group of America's key competitors?
Some companies that are related to Reinsurance Group of America include Manulife (MFC), Swiss Re (SSREY), AVIVA PLC/ADR (AVVIY), Sun Life Financial (SLF), Old Mutual (ODMTY), Hannover Re (HVRRY), Legal & General (LGEN), Lincoln Financial Group (LNC), AMP (AMP), AEGON (AEG), Torchmark (TMK), Athene (ATH), Voya Financial (VOYA), Sony Financial (SNYFY) and Scor (SCRYY).
Who are Reinsurance Group of America's key executives?
Reinsurance Group of America's management team includes the folowing people:
- Ms. Anna Manning FSA, FCIA, Chief Exec. Officer, Pres and Director (Age 59)
- Mr. Todd Cory Larson, Sr. Exec. VP & Chief Financial Officer (Age 54)
- Mr. Alain P. Néemeh CPA, CA, Chief Operating Officer and Sr. Exec. VP (Age 50)
- Mr. Timothy Matson CFA, Chief Investment Officer and Exec. VP
- Mr. John P. Laughlin, Exec. VP of Global Financial Solutions and Pres of RGA Financial Group LLC
Has Reinsurance Group of America been receiving favorable news coverage?
News articles about RGA stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. 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 0.12 on Accern's scale. They also gave news coverage about the insurance provider an impact score of 47.83 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are Reinsurance Group of America's major shareholders?
Reinsurance Group of America's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.25%), Boston Partners (3.32%), Dimensional Fund Advisors LP (1.86%), Caisse DE Depot ET Placement DU Quebec (1.73%), LSV Asset Management (1.73%) and Allianz Asset Management GmbH (1.58%). Company insiders that own Reinsurance Group of America 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.
Which institutional investors are selling Reinsurance Group of America stock?
RGA stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Schwab Charles Investment Management Inc., BNP Paribas Arbitrage SA, Russell Investments Group Ltd., Neuberger Berman Group LLC, Caisse DE Depot ET Placement DU Quebec, Origin Asset Management LLP and Victory Capital Management Inc.. Company insiders that have sold Reinsurance Group of America company stock in the last year include Alain Neemeh, Alan C Henderson, Arnoud WA Boot, Christine Rose Detrick, J Cliff Eason, John P Laughlin Jr and William L Hutton. View Insider Buying and Selling for Reinsurance Group of America.
Which institutional investors are buying Reinsurance Group of America stock?
RGA stock was bought by a variety of institutional investors in the last quarter, including Rockefeller Capital Management L.P., JPMorgan Chase & Co., Allianz Asset Management GmbH, Allianz Asset Management GmbH, Ontario Teachers Pension Plan Board, Prudential Financial Inc., Summit Trail Advisors LLC and BlackRock Inc.. View Insider Buying and Selling for Reinsurance Group of America.
How do I buy shares of Reinsurance Group of America?
Shares of RGA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Reinsurance Group of America's stock price today?
One share of RGA stock can currently be purchased for approximately $149.32.
How big of a company is Reinsurance Group of America?
Reinsurance Group of America has a market capitalization of $9.78 billion and generates $12.52 billion in revenue each year. The insurance provider earns $1.82 billion in net income (profit) each year or $10.84 on an earnings per share basis. Reinsurance Group of America employs 2,640 workers across the globe.
How can I contact Reinsurance Group of America?
Reinsurance Group of America's mailing address is 16600 SWINGLEY RIDGE ROAD, CHESTERFIELD MO, 63017. The insurance provider can be reached via phone at 636-736-7000 or via email at [email protected]
MarketBeat Community Rating for Reinsurance Group of America (RGA)
MarketBeat's community ratings are surveys of what our community members think about Reinsurance Group of America and other stocks. Vote "Outperform" if you believe RGA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RGA will underperform the S&P 500 over the long term. You may vote once every thirty days.
Reinsurance Group of America (NYSE:RGA) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for Reinsurance Group of America in the last 12 months. Their average twelve-month price target is $158.6250, suggesting that the stock has a possible upside of 5.71%. The high price target for RGA is $171.00 and the low price target for RGA is $135.00. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.13 | 2.13 | 2.33 | 2.29 |
| Ratings Breakdown: | 1 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $158.6250 | $147.75 | $146.50 | $136.00 |
| Price Target Upside: | 5.71% upside | 2.80% downside | 8.43% downside | 9.67% downside |
Reinsurance Group of America (NYSE:RGA) Consensus Price Target History
Reinsurance Group of America (NYSE:RGA) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
Reinsurance Group of America (NYSE:RGA) Dividend Information
Reinsurance Group of America pays an annual dividend of $2.00 per share, with a dividend yield of 1.33%. RGA's next quarterly dividend payment will be made on Tuesday, May 29. The company has grown its dividend for the last 7 consecutive years and is increasing its dividend by an average of 13.00% each year. Reinsurance Group of America pays out 18.45% of its earnings out as a dividend.
| Next Dividend: | 5/29/2018 |
| Annual Dividend: | $2.00 |
| Dividend Yield: | 1.33% |
| Dividend Growth: | 13.00% (3 Year Average) |
| Payout Ratio(s): | 18.45% (Trailing 12 Months of Earnings)
17.30% (Based on This Year's Estimates)
14.93% (Based on Next Year's Estimates)
19.73% (Based on Cash Flow)
|
| Track Record: | 7 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Reinsurance Group of America (NYSE:RGA) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/27/2018 | quarterly | $0.50 | 1.28% | 5/7/2018 | 5/8/2018 | 5/29/2018 |
| 1/29/2018 | quarterly | $0.50 | 1.3% | 2/7/2018 | 2/8/2018 | 3/1/2018 |
| 10/26/2017 | quarterly | $0.50 | 1.31% | 11/6/2017 | 11/7/2017 | 11/28/2017 |
| 7/27/2017 | Quarterly | $0.50 | 1.43% | 8/4/2017 | 8/8/2017 | 8/29/2017 |
| 4/28/2017 | quarterly | $0.41 | 1.31% | 5/5/2017 | 5/9/2017 | 5/30/2017 |
| 1/30/2017 | quarterly | $0.41 | 1.3% | 2/7/2017 | 2/9/2017 | 3/2/2017 |
| 10/26/2016 | quarterly | $0.41 | | 11/4/2016 | 11/8/2016 | 11/29/2016 |
| 7/28/2016 | quarterly | $0.41 | | 8/5/2016 | 8/9/2016 | 8/30/2016 |
| 4/28/2016 | Quarterly | $0.37 | | 5/6/2016 | 5/10/2016 | 5/31/2016 |
| 1/28/2016 | quarterly | $0.37 | | 2/5/2016 | 2/9/2016 | 3/1/2016 |
| 10/29/2015 | quarterly | $0.37 | | 11/6/2015 | 11/10/2015 | 12/1/2015 |
| 7/23/2015 | quarterly | $0.37 | | 8/3/2015 | 8/5/2015 | 8/26/2015 |
| 4/23/2015 | quarterly | $0.33 | 1.44% | 5/5/2015 | 5/7/2015 | 5/28/2015 |
| 2/2/2015 | quarterly | $0.33 | 1.54% | 2/11/2015 | 2/13/2015 | 3/6/2015 |
| 10/27/2014 | quarterly | $0.33 | 1.6% | 11/5/2014 | 11/7/2014 | 11/28/2014 |
| 7/24/2014 | quarterly | $0.33 | 1.6% | 8/6/2014 | 8/8/2014 | 8/29/2014 |
| 4/25/2014 | quarterly | $0.30 | 1.58% | 5/7/2014 | 5/9/2014 | 5/30/2014 |
| 1/31/2014 | quarterly | $0.30 | 1.61% | 2/12/2014 | 2/14/2014 | 3/7/2014 |
| 10/30/2013 | quarterly | $0.30 | 1.66% | 11/6/2013 | 11/8/2013 | 11/29/2013 |
| 7/18/2013 | quarterly | $0.30 | 1.77% | 8/7/2013 | 8/9/2013 | 8/30/2013 |
| 4/25/2013 | quarterly | $0.24 | 1.56% | 5/8/2013 | 5/10/2013 | 5/31/2013 |
| 1/31/2013 | quarterly | $0.24 | 1.64% | 2/13/2013 | 2/15/2013 | 3/8/2013 |
(Data available from 1/1/2013 forward)
Reinsurance Group of America (NYSE RGA) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.47%
Institutional Ownership Percentage: 93.77%
Reinsurance Group of America (NYSE RGA) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/23/2018 | J Cliff Eason | Director | Sell | 2,991 | $150.84 | $451,162.44 | 8,800 |  |
| 5/7/2018 | Alain Neemeh | EVP | Sell | 2,955 | $153.66 | $454,065.30 | 37,492 | |
| 5/1/2018 | Timothy T Matson | EVP | Buy | 300 | $149.15 | $44,745.00 | 2,095 | |
| 2/16/2018 | Arnoud W.A. Boot | Director | Sell | 400 | $155.26 | $62,104.00 | 6,357 | |
| 2/8/2018 | Alan C Henderson | Director | Sell | 556 | $148.84 | $82,755.04 | 19,862 | |
| 12/26/2017 | John P Laughlin Jr | EVP | Sell | 500 | $155.60 | $77,800.00 | 26,777 | |
| 11/6/2017 | John P Laughlin Jr | EVP | Sell | 1,000 | $149.96 | $149,960.00 | 27,277 | |
| 10/31/2017 | Christine Rose Detrick | Director | Sell | 659 | $149.50 | $98,520.50 | 4,023 | |
| 8/15/2017 | John P Laughlin Jr | EVP | Sell | 1,941 | $140.77 | $273,234.57 | 28,218 | |
| 8/14/2017 | Alan C Henderson | Director | Sell | 440 | $139.87 | $61,542.80 | 20,418 | |
| 8/7/2017 | Alain Neemeh | EVP | Sell | 7,500 | $139.69 | $1,047,675.00 | 43,292 | |
| 8/3/2017 | William L Hutton | EVP | Sell | 4,339 | $140.42 | $609,282.38 | 18,624 | |
| 8/1/2017 | Christine Rose Detrick | Director | Sell | 750 | $139.50 | $104,625.00 | 4,682 | |
| 6/21/2017 | Timothy T Matson | EVP | Buy | 500 | $127.39 | $63,695.00 | 2,430 | |
| 5/2/2017 | Christine Rose Detrick | Director | Sell | 500 | $127.00 | $63,500.00 | 5,432 | |
| 3/3/2017 | J Cliff Eason | Director | Sell | 1,854 | $129.62 | $240,315.48 | 13,700 | |
| 2/16/2017 | Todd C Larson | CFO | Sell | 2,964 | $128.76 | $381,644.64 | 27,136 | |
| 2/7/2017 | Arnoud W.A. Boot | Director | Sell | 1,000 | $127.19 | $127,190.00 | 6,000 | |
| 11/1/2016 | Alain Neemeh | EVP | Sell | 5,705 | $107.66 | $614,200.30 | 40,829 | |
| 8/29/2016 | John W Hayden | SVP | Sell | 1,988 | $105.42 | $209,574.96 | 8,074 | |
| 8/26/2016 | Anna Manning | President | Sell | 2,015 | $105.22 | $212,018.30 | 9,707 | |
| 8/5/2016 | A Greig Woodring | CEO | Sell | 31,058 | $100.62 | $3,125,055.96 | 208,353 | |
| 8/5/2016 | Todd C Larson | CFO | Sell | 2,355 | $100.73 | $237,219.15 | 24,955 | |
| 5/11/2016 | Arnoud W.A. Boot | Director | Sell | 625 | $96.00 | $60,000.00 | 7,000 | |
| 2/22/2016 | Alan C Henderson | Director | Sell | 1,000 | $90.28 | $90,280.00 | 20,858 | |
| 2/10/2016 | Arnoud W.A. Boot | Director | Sell | 900 | $86.00 | $77,400.00 | 6,062 | |
| 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 | 20,185 | |
| 2/18/2014 | A Greig Woodring | CEO | Sell | 29,492 | $74.63 | $2,200,987.96 | 159,519 | |
| 2/10/2014 | Todd Larson | EVP | Sell | 3,476 | $72.25 | $251,141.00 | 20,101 | |
| 2/5/2014 | Arnoud W.A. Boot | Director | Sell | 3,100 | $71.34 | $221,154.00 | 4,475 | |
| 11/21/2013 | Jack Lay | CFO | Sell | 36,854 | $74.47 | $2,744,517.38 | 35,108 | |
| 8/19/2013 | Bryant Allan O | EVP | Buy | 6,500 | $65.09 | $423,085.00 | 6,500 | |
| 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 | | |
(Data available from 1/1/2013 forward)
Reinsurance Group of America (NYSE RGA) News Headlines
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Reinsurance Group of America (NYSE:RGA) SEC Filings
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Reinsurance Group of America (NYSE:RGA) Income Statement, Balance Sheet and Cash Flow Statement
Reinsurance Group of America (NYSE RGA) Stock Chart for Thursday, May, 24, 2018
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