Reinsurance Group of America Inc (RGA) : Sentinel Trust Co Lba reduced its stake in Reinsurance Group of America Inc by 30.75% during the most recent quarter end. The investment management company now holds a total of 39,775 shares of Reinsurance Group of America Inc which is valued at $4,692,257 after selling 17,663 shares in Reinsurance Group of America Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Reinsurance Group of America Inc makes up approximately 0.69% of Sentinel Trust Co Lba’s portfolio.
Other Hedge Funds, Including , Highbridge Capital Management sold out all of its stake in RGA during the most recent quarter. The investment firm sold 33,819 shares of RGA which is valued $3,928,753.Liberty Mutual Group Asset Management boosted its stake in RGA in the latest quarter, The investment management firm added 286 additional shares and now holds a total of 28,599 shares of Reinsurance Group of America Inc which is valued at $3,304,900. Reinsurance Group of America Inc makes up approx 0.12% of Liberty Mutual Group Asset Management’s portfolio. Cibc World Markets sold out all of its stake in RGA during the most recent quarter. The investment firm sold 2,354 shares of RGA which is valued $256,445.
Reinsurance Group of America Inc opened for trading at $120.8 and hit $121.525 on the upside on Monday, eventually ending the session at $121.22, with a gain of 0.18% or 0.22 points. The heightened volatility saw the trading volume jump to 5,22,815 shares. Company has a market cap of $7,783 M.
On the company’s financial health, Reinsurance Group of America Inc reported $2.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $2.37. The company had revenue of $2900.58 million for the quarter, compared to analysts expectations of $2780.20 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 EPS.
Many Wall Street Analysts have commented on Reinsurance Group of America Inc. Company shares were Downgraded by Deutsche Bank on Oct 19, 2016 to ” Hold”, Firm has raised the Price Target to $ 112 from a previous price target of $108 .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.
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 Companys 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.