Reinsurance Group of America (NYSE:RGA) issued its earnings results on Thursday. The insurance provider reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.29 by $0.74, Fidelity Earnings reports. Reinsurance Group of America had a return on equity of 7.99% and a net margin of 13.72%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 billion.
RGA traded up $5.66 during trading on Friday, hitting $136.64. 769,114 shares of the stock were exchanged, compared to its average volume of 389,277. The firm has a market cap of $8.60 billion, a price-to-earnings ratio of 12.61 and a beta of 0.80. Reinsurance Group of America has a 1-year low of $127.84 and a 1-year high of $165.12. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.32.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 6th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.76%. The ex-dividend date is Monday, November 5th. Reinsurance Group of America’s dividend payout ratio (DPR) is 22.14%.
In other news, Director John J. Gauthier purchased 1,000 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were bought at an average price of $140.19 per share, with a total value of $140,190.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $280,380. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.69% of the company’s stock.
About Reinsurance Group of America
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.
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