Reinsurance Group of America Inc. (RGA) 11/11/09 PriceWatch Alert Bullish Price Movement
Posted: Wednesday, November 11, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
Reinsurance Group of America Inc. (NYSE: RGA) closed yesterday at $47.28. 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 46.38 and resistance in the 48.82 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 $43.58 area. That is also the break even stock price for this trade. This covered call has a 66 day duration, provides 7.83% downside protection and a 3.26% assigned return rate for an 18.02% annualized return rate (comparison purposes only). Reinsurance Group of America has a current annual dividend yield of 0.75%. [WBA-Seven Summits Research]
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