Sentinel Trust Co Lba buys $5,979,596 stake in Reinsurance Group of America Inc (RGA)

Reinsurance Group of America Inc (RGA) : Sentinel Trust Co Lba scooped up 14,724 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 Apr 13, 2016. The investment management firm now holds a total of 61,430 shares of Reinsurance Group of America Inc which is valued at $5,979,596.Reinsurance Group of America Inc makes up approximately 0.89% of Sentinel Trust Co Lba’s portfolio.

Reinsurance Group of America Inc closed down -0.35 points or -0.36% at $96.99 with 1,57,421 shares getting traded on Monday. Post opening the session at $96.85, the shares hit an intraday low of $96.6766 and an intraday high of $97.32 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Kanaly Trust Co reduced its stake in RGA by selling 1 shares or 3.57% in the most recent quarter. The Hedge Fund company now holds 27 shares of RGA which is valued at $2,628.Central Trust Co reduced its stake in RGA by selling 380 shares or 12.4% in the most recent quarter. The Hedge Fund company now holds 2,685 shares of RGA which is valued at $261,358. Reinsurance Group of America Inc makes up approx 0.02% of Central Trust 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.Eagle Asset Management Inc boosted its stake in RGA in the latest quarter, The investment management firm added 12,636 additional shares and now holds a total of 63,548 shares of Reinsurance Group of America Inc which is valued at $5,945,551. Reinsurance Group of America Inc makes up approx 0.04% of Eagle Asset Management Inc’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 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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