Reinsurance Group of America Inc. (RGA) 11/9/09 PriceWatch Alert Up To 7.82% Downside Protection
Posted: Monday, November 09, 2009 8:09 AM EDT
By: Market Intelligence Center Staff
Reinsurance Group of America Inc. (NYSE: RGA) ended the last trading session at $47.32. 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 45.58 and resistance in the 48.48 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 $43.62 area. That is also the break even stock price for this trade. This covered call has a 68 day duration, provides 7.82% downside protection and a 3.16% assigned return rate for a 16.98% annualized return rate (comparison purposes only). Reinsurance Group of America has a current annual dividend yield of 0.79%. [ABR-Seven Summits Research]
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