Reinsurance Group of America Inc. (RGA) 11/3/09 PriceWatch Alert Up To 5.52% Downside Protection
Posted: Tuesday, November 03, 2009 8:40 AM EDT
By: Market Intelligence Center Staff
Reinsurance Group of America Inc. (NYSE: RGA) closed yesterday at $45.33. So far the stock has hit a 52-week low of $21.27 and 52-week high of $49.85. Reinsurance Group of America stock has been showing support around 43.55 and resistance in the 47.65 range. Technical indicators for the stock are Bullish and S&P gives RGA a positive 4 STAR (out of 5) buy rating. RGA appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 45 covered call (RGA AI) for a net debit in the $42.83 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 5.52% downside protection and a 5.07% assigned return rate for a 24.99% annualized return rate (comparison purposes only). Reinsurance Group of America has a current annual dividend yield of 0.75%. [ATU-Seven Summits Research]
CLICK HERE: FREE Reinsurance Group of America (RGA) Stock ReportSee what our analysts have uncovered about Reinsurance Group of America (RGA).