Reinsurance Group of America Inc (RGA) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $2.80 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.51. Analysts had a consensus of $2.29. The company posted revenue of $3039.06 million in the period, compared to analysts expectations of $2724.23 million. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS.
Many Wall Street Analysts have commented on Reinsurance Group of America Inc. Reinsurance Group of America Inc was Upgraded by Goldman to ” Buy” on Jul 15, 2016.
Reinsurance Group of America Inc closed down -0.13 points or -0.14% at $95.72 with 2,14,323 shares getting traded on Thursday. Post opening the session at $95.45, the shares hit an intraday low of $95.45 and an intraday high of $96.49 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Aug 17, 2015, A Greig Woodring (President & CEO) sold 37,911 shares at $97.04 per share price. According to the SEC, on Aug 11, 2015, John W. Hayden (SVP, Controller) sold 2,190 shares at $96.87 per share price. On May 14, 2015, Todd C Larson (EVP -Global Chief Risk Officer) sold 1,483 shares at $93.43 per share price, according to the Form-4 filing with the securities and exchange commission.
Reinsurance Group of America Incorporated (RGA) is an insurance holding company. The Company provides traditional and non-traditional life and health reinsurance. The Company has five geographic-based or function-based segments: U.S. and Latin America; Canada; Europe Middle East and Africa; Asia Pacific and Corporate and Other. The U.S. and Latin America operations are further segmented into traditional and non-traditional businesses. The Companys subsidiaries include Reinsurance Company of Missouri Incorporated RGA Americas Reinsurance Company Ltd. RGA Reinsurance Company (Barbados) Ltd. RGA International Reinsurance Company Limited and RGA Reinsurance Company of Australia Limited among others. The Company is primarily engaged in the reinsurance of individual and group coverages for traditional life and health longevity disability asset-intensive and critical illness products and financial reinsurance.