Sentinel Trust Co Lba Lowers stake in Reinsurance Group of America Inc (RGA)

Reinsurance Group of America Inc (RGA) : Sentinel Trust Co Lba reduced its stake in Reinsurance Group of America Inc by 6.5% during the most recent quarter end. The investment management company now holds a total of 57,438 shares of Reinsurance Group of America Inc which is valued at $5,536,449 after selling 3,992 shares in Reinsurance Group of America Inc , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Reinsurance Group of America Inc makes up approximately 0.77% of Sentinel Trust Co Lba’s portfolio.

Other Hedge Funds, Including , Anderson Hoagland Co reduced its stake in RGA by selling 640 shares or 1.4% in the most recent quarter. The Hedge Fund company now holds 44,988 shares of RGA which is valued at $4,336,393. Reinsurance Group of America Inc makes up approx 2.65% of Anderson Hoagland Co’s portfolio.Mai Capital Management reduced its stake in RGA by selling 89 shares or 3.92% in the most recent quarter. The Hedge Fund company now holds 2,184 shares of RGA which is valued at $213,246. Reinsurance Group of America Inc makes up approx 0.02% of Mai Capital Management’s portfolio.Balasa Dinverno Foltz boosted its stake in RGA in the latest quarter, The investment management firm added 757 additional shares and now holds a total of 9,944 shares of Reinsurance Group of America Inc which is valued at $970,932. Reinsurance Group of America Inc makes up approx 0.17% of Balasa Dinverno Foltz’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in RGA in the latest quarter, The investment management firm added 26,149 additional shares and now holds a total of 37,102 shares of Reinsurance Group of America Inc which is valued at $3,516,899. Reinsurance Group of America Inc makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.

Reinsurance Group of America Inc closed down -0.22 points or -0.23% at $96.39 with 1,90,579 shares getting traded on Wednesday. Post opening the session at $96.64, the shares hit an intraday low of $96.23 and an intraday high of $97.27 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Reinsurance Group of America Inc reported $1.85 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $1.96. The company had revenue of $2512.57 million for the quarter, compared to analysts expectations of $2630.47 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.77 EPS.

Many Wall Street Analysts have commented on Reinsurance Group of America Inc. Reinsurance Group of America Inc was Upgraded by Goldman to ” Buy” on Jul 15, 2016. RBC Capital Mkts Initiated Reinsurance Group of America Inc on Apr 28, 2016 to “Sector Perform”, Price Target of the shares are set at $96.

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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