Centurylink Investment Management Co buys $1,771,204 stake in Reinsurance Group of America Inc (RGA)

Reinsurance Group of America Inc (RGA) : Centurylink Investment Management Co scooped up 2,419 additional shares in Reinsurance Group of America Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 16,096 shares of Reinsurance Group of America Inc which is valued at $1,771,204.Reinsurance Group of America Inc makes up approximately 0.61% of Centurylink Investment Management Co’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in RGA by selling 770 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 59,626 shares of RGA which is valued at $6,561,245. Reinsurance Group of America Inc makes up approx 0.01% of Legal General Group Plc’s portfolio. Cutler Group Lp sold out all of its stake in RGA during the most recent quarter. The investment firm sold 100 shares of RGA which is valued $10,965.First Mercantile Trust Co boosted its stake in RGA in the latest quarter, The investment management firm added 3,140 additional shares and now holds a total of 3,740 shares of Reinsurance Group of America Inc which is valued at $404,743. Reinsurance Group of America Inc makes up approx 0.05% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in RGA by selling 21,877 shares or 58.96% in the most recent quarter. The Hedge Fund company now holds 15,225 shares of RGA which is valued at $1,639,124. Reinsurance Group of America Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Reinsurance Group of America Inc opened for trading at $109.48 and hit $110.4599 on the upside on Tuesday, eventually ending the session at $110.04, with a gain of 0.36% or 0.39 points. The heightened volatility saw the trading volume jump to 4,40,740 shares. Company has a market cap of $7,050 M.

On the company’s financial health, Reinsurance Group of America Inc reported $2.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.51 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $2.29. The company had revenue of $3039.06 million for the quarter, compared to analysts expectations of $2724.23 million. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS.

Many Wall Street Analysts have commented on Reinsurance Group of America Inc. Reinsurance Group of America Inc was Initiated by Credit Suisse to “Neutral” on Oct 7, 2016. Reinsurance Group of America Inc was Downgraded by JP Morgan to ” Neutral” on Oct 4, 2016. Company shares were Reiterated by Deutsche Bank on Aug 1, 2016 to “Buy”, Firm has raised the Price Target to $ 108 from a previous price target of $103 .

Reinsurance Group of America Incorporated (RGA) is an insurance holding company. The Company provides traditional and non-traditional life and health reinsurance. The Company has five geographic-based or function-based segments: U.S. and Latin America; Canada; Europe Middle East and Africa; Asia Pacific and Corporate and Other. The U.S. and Latin America operations are further segmented into traditional and non-traditional businesses. The Company’s subsidiaries include Reinsurance Company of Missouri Incorporated RGA Americas Reinsurance Company Ltd. RGA Reinsurance Company (Barbados) Ltd. RGA International Reinsurance Company Limited and RGA Reinsurance Company of Australia Limited among others. The Company is primarily engaged in the reinsurance of individual and group coverages for traditional life and health longevity disability asset-intensive and critical illness products and financial reinsurance.

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