Hedge Funds Are Crazy About Reinsurance Group of America Inc (RGA)

Page 1 of 2

Is Reinsurance Group of America Inc (NYSE:RGA) worth your attention right now? Investors who are in the know are buying. The number of long hedge fund positions went up by 3 in recent months.

Reinsurance Group of America Inc (NYSE:RGA)In the financial world, there are tons of indicators shareholders can use to monitor the equity markets. A pair of the most useful are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top investment managers can trounce their index-focused peers by a superb margin (see just how much).

Just as beneficial, optimistic insider trading sentiment is another way to break down the marketplace. Just as you’d expect, there are many reasons for a corporate insider to sell shares of his or her company, but just one, very simple reason why they would behave bullishly. Several empirical studies have demonstrated the market-beating potential of this method if piggybackers know where to look (learn more here).

With all of this in mind, it’s important to take a peek at the latest action regarding Reinsurance Group of America Inc (NYSE:RGA).

How have hedgies been trading Reinsurance Group of America Inc (NYSE:RGA)?

Heading into Q2, a total of 19 of the hedge funds we track were bullish in this stock, a change of 19% from the previous quarter. With the smart money’s sentiment swirling, there exists a select group of key hedge fund managers who were boosting their stakes considerably.

Of the funds we track, Chuck Royce’s Royce & Associates had the biggest position in Reinsurance Group of America Inc (NYSE:RGA), worth close to $123.3 million, comprising 0.4% of its total 13F portfolio. Sitting at the No. 2 spot is Martin D. Sass of MD Sass, with a $38.8 million position; the fund has 2.8% of its 13F portfolio invested in the stock. Other hedgies that are bullish include Cliff Asness’s AQR Capital Management, Ken Gray and Steve Walsh’s Bryn Mawr Capital and Ric Dillon’s Diamond Hill Capital.

As industrywide interest jumped, specific money managers were breaking ground themselves. Diamond Hill Capital, managed by Ric Dillon, created the biggest position in Reinsurance Group of America Inc (NYSE:RGA). Diamond Hill Capital had 22 million invested in the company at the end of the quarter. Matthew Tewksbury’s Stevens Capital Management also made a $2.9 million investment in the stock during the quarter. The other funds with brand new RGA positions are David Costen Haley’s HBK Investments and Joel Greenblatt’s Gotham Asset Management.

How are insiders trading Reinsurance Group of America Inc (NYSE:RGA)?

Insider purchases made by high-level executives is particularly usable when the company in focus has seen transactions within the past 180 days. Over the last six-month time frame, Reinsurance Group of America Inc (NYSE:RGA) has experienced zero unique insiders purchasing, and 5 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Reinsurance Group of America Inc (NYSE:RGA). These stocks are Lincoln National Corporation (NYSE:LNC), Protective Life Corp. (NYSE:PL), Torchmark Corporation (NYSE:TMK), and Genworth Financial Inc (NYSE:GNW). All of these stocks are in the life insurance industry and their market caps match RGA’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!