Earnest Partners Lowers stake in Reinsurance Group of America Inc (RGA)

Reinsurance Group of America Inc (RGA) : Earnest Partners reduced its stake in Reinsurance Group of America Inc by 1.81% during the most recent quarter end. The investment management company now holds a total of 1,244,492 shares of Reinsurance Group of America Inc which is valued at $125,619,022 after selling 22,951 shares in Reinsurance Group of America Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Reinsurance Group of America Inc makes up approximately 1.22% of Earnest Partners’s portfolio.

Other Hedge Funds, Including , Amp Capital Investors Ltd added RGA to its portfolio by purchasing 4,700 company shares during the most recent quarter which is valued at $474,418.Texas Permanent School Fund reduced its stake in RGA by selling 3,283 shares or 6.28% in the most recent quarter. The Hedge Fund company now holds 48,987 shares of RGA which is valued at $4,944,748. Reinsurance Group of America Inc makes up approx 0.06% of Texas Permanent School Fund’s portfolio.Rdl Financial Inc boosted its stake in RGA in the latest quarter, The investment management firm added 153 additional shares and now holds a total of 31,956 shares of Reinsurance Group of America Inc which is valued at $3,183,776. Reinsurance Group of America Inc makes up approx 2.30% of Rdl Financial Inc’s portfolio.Capital Fund Management S.a. boosted its stake in RGA in the latest quarter, The investment management firm added 2,943 additional shares and now holds a total of 14,843 shares of Reinsurance Group of America Inc which is valued at $1,422,702. Reinsurance Group of America Inc makes up approx 0.02% of Capital Fund Management S.a.’s portfolio.Meritage Portfolio Management reduced its stake in RGA by selling 1,355 shares or 2.01% in the most recent quarter. The Hedge Fund company now holds 66,023 shares of RGA which is valued at $6,367,918. Reinsurance Group of America Inc makes up approx 0.69% of Meritage Portfolio Management’s portfolio.

Reinsurance Group of America Inc closed down -0.42 points or -0.39% at $106.9 with 3,00,932 shares getting traded on Thursday. Post opening the session at $107.35, the shares hit an intraday low of $106.52 and an intraday high of $107.92 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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. 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 Inc was Upgraded by Goldman to ” Buy” on Jul 15, 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.

Leave a Reply

Reinsurance Group of America Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Reinsurance Group of America Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.