Reinsurance Group of America, Incorporated (NYSE:RGA – Get Free Report) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Tuesday, May 19th will be given a dividend of 0.93 per share by the insurance provider on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, May 19th.
Reinsurance Group of America has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 16 years. Reinsurance Group of America has a dividend payout ratio of 14.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Reinsurance Group of America to earn $28.54 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 13.0%.
Reinsurance Group of America Price Performance
NYSE:RGA opened at $210.01 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.46. The business’s 50-day simple moving average is $207.02 and its two-hundred day simple moving average is $202.95. The stock has a market cap of $13.76 billion, a PE ratio of 11.38 and a beta of 0.50. Reinsurance Group of America has a 52 week low of $165.52 and a 52 week high of $229.21.
Institutional Investors Weigh In On Reinsurance Group of America
Large investors have recently made changes to their positions in the company. Millstone Evans Group LLC increased its holdings in shares of Reinsurance Group of America by 82.4% in the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Activest Wealth Management bought a new stake in shares of Reinsurance Group of America in the fourth quarter worth about $30,000. Tobam increased its holdings in shares of Reinsurance Group of America by 244.7% in the fourth quarter. Tobam now owns 162 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 115 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Reinsurance Group of America in the third quarter worth about $33,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Reinsurance Group of America in the fourth quarter worth about $35,000. 95.11% of the stock is owned by institutional investors.
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.
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