Reinsurance Group of America Inc. (RGA) 11/16/09 PriceWatch Alert Could Hit 16.25% Return
Posted: Monday, November 16, 2009 8:20 AM EDT
By: Market Intelligence Center Staff
Reinsurance Group of America Inc. (NYSE: RGA) ended the last trading session at $47.71. 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 46.50 and resistance in the 48.56 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 $43.81 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 8.17% downside protection and a 2.72% assigned return rate for a 16.25% annualized return rate (comparison purposes only). Reinsurance Group of America has a current annual dividend yield of 0.74%. [ABR-Seven Summits Research]
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