Reinsurance Group of America Inc. (RGA) 11/12/09 PriceWatch Alert Down To $44.01 Break Even
Posted: Thursday, November 12, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
Reinsurance Group of America Inc. (NYSE: RGA) closed yesterday at $48.61. 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 47.19 and resistance in the 49.37 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 $44.01 area. That is also the break even stock price for this trade. This covered call has a 65 day duration, provides 9.46% downside protection and a 2.25% assigned return rate for a 12.63% annualized return rate (comparison purposes only). Reinsurance Group of America has a current annual dividend yield of 0.75%. [THA-Seven Summits Research]
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