Saturday, 18 May 2024


Reinsurance group EVP sells company shares worth over $365k By

Red Rock Resorts CEO Frank Fertitta III sells $40.3m in stock By

Reinsurance Group (NYSE:) of America Inc’s (NYSE:RGA) Executive Vice President and Controller, John W. Hayden, has sold 1,767 shares of the company’s common stock, according to a recent SEC filing. The transaction, dated May 14, 2024, was executed at a price of $206.85 per share, resulting in a total value of $365,503.

The sale has adjusted Hayden’s direct ownership in the company to 16,490 shares following the transaction. The reported sale price reflects the market value of Reinsurance Group of America’s stock on the date of the transaction.

Investors often keep an eye on insider transactions as they provide insights into how executives perceive the value of the company stock. The recent sale by Hayden comes at a time when market participants are closely monitoring the moves of company insiders.

Reinsurance Group of America, incorporated in Missouri, operates within the life insurance industry and is known for providing traditional life and health reinsurance, as well as financial solutions to its clients.

The company’s stock, traded under the ticker RGA on the New York Stock Exchange, is watched by investors who consider insider transactions as one of the many factors in their investment decisions. It’s important to note, insider sales and purchases can occur for various reasons and may not necessarily indicate the future performance of the company’s stock.

The details of the transaction were made public through the SEC’s Form 4 filing, which records the trade activities of the company’s executives and other insiders. As per the document, the sale was signed off by William L. Hutton, acting by Power of Attorney, and was filed on May 16, 2024.

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InvestingPro Insights

As Reinsurance Group of America Inc (NYSE:RGA) witnesses insider activity, with Executive Vice President and Controller John W. Hayden selling shares, investors are looking for additional signals to gauge the company’s financial health and future prospects. Here are some insights based on recent data from InvestingPro:

  • The company’s market capitalization stands at a robust $13.64 billion, highlighting its significant presence in the life insurance industry.
  • RGA’s Price to Earnings (P/E) ratio is currently at 15.95, which, when considered alongside its near-term earnings growth, suggests the stock may be trading at a reasonable valuation. This is supported by a low PEG ratio of 0.3, indicating…

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