Reinsurance Group of America Inc. (RGA) PriceWatch Alert Down To $28.10 Break Even

Posted: Monday, July 06, 2009 8:07 AM EDT

Reinsurance Group of America Inc. (NYSE: RGA) closed yesterday at $33.90. So far the stock has hit a 52-week low of $21.27 and 52-week high of $64.10. Reinsurance Group of America stock has been showing support around 32.91 and resistance in the 35.89 range. Technical indicators for the stock are Bearish and S&P gives RGA a neutral 3 STAR (out of 5) hold rating. RGA appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Oct '09 30 covered call (RGA JF) for a net debit in the $28.10 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 17.11% downside protection and a 6.76% assigned return rate for a 23.96% annualized return rate (comparison purposes only). Reinsurance Group of America has a current annual dividend yield of 3.06%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

Click Symbol For More News On: (RGA)