Reinsurance Group of America Inc (RGA) : Anderson Hoagland Co reduced its stake in Reinsurance Group of America Inc by 0.33% during the most recent quarter end. The investment management company now holds a total of 45,628 shares of Reinsurance Group of America Inc which is valued at $4,429,566 after selling 150 shares in Reinsurance Group of America Inc , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Reinsurance Group of America Inc makes up approximately 2.78% of Anderson Hoagland Co’s portfolio.
Reinsurance Group of America Inc opened for trading at $96.49 and hit $97.78 on the upside on Friday, eventually ending the session at $97.08, with a gain of 1.07% or 1.03 points. The heightened volatility saw the trading volume jump to 3,71,468 shares. Company has a market cap of $6,331 M.
Other Hedge Funds, Including , Highland Capital Management reduced its stake in RGA by selling 70 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 57,007 shares of RGA which is valued at $5,549,061. Reinsurance Group of America Inc makes up approx 0.47% of Highland Capital Management’s portfolio.Capstone Asset Management Co boosted its stake in RGA in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 8,156 shares of Reinsurance Group of America Inc which is valued at $793,905. Reinsurance Group of America Inc makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Denali Advisors reduced its stake in RGA by selling 71,300 shares or 67.78% in the most recent quarter. The Hedge Fund company now holds 33,900 shares of RGA which is valued at $3,299,826. Reinsurance Group of America Inc makes up approx 0.74% of Denali Advisors’s portfolio. Lvm Capital Management Ltdmi added RGA to its portfolio by purchasing 2,300 company shares during the most recent quarter which is valued at $215,188. Reinsurance Group of America Inc makes up approx 0.07% of Lvm Capital Management Ltdmi’s portfolio.
On the company’s financial health, Reinsurance Group of America Inc reported $2.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $2.58. The company had revenue of $2828.59 million for the quarter, compared to analysts expectations of $2684.26 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.99 EPS.
Many Wall Street Analysts have commented on Reinsurance Group of America Inc. Reinsurance Group of America Inc was Upgraded by Goldman to ” Neutral” on Feb 24, 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.