Reinsurance Group of America Inc. (RGA) 11/18/09 PriceWatch Alert At $43.74 Break Even
Posted: Wednesday, November 18, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
Reinsurance Group of America Inc. (NYSE: RGA) closed yesterday at $47.34. 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 46.65 and resistance in the 48.03 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 $43.74 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 7.60% downside protection and a 2.88% assigned return rate for a 17.82% 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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