Company Overview and News
Gutsy investors with higher risk-taking propensity could go for momentum stocks that can yield impressive returns. In this context, the Driehaus strategy could be used to select the best momentum stocks using the “buy high and sell higher" principle. The success of this investment approach helped Richard Driehaus secure a place in Barron’s All-Century Team. (85-0)
Reinsurance Group of America, Incorporated’s (RGA - Free Report) innovation accelerator and a wholly owned subsidiary, RGAx, has recently inked a deal to purchase LOGiQ3 Inc. The buyout will bring together the business platforms of the acquired company and that of RGAx, which in turn is anticipated to serve the clients more efficiently across the industry value chain by making the insurance procedure much simpler. (43-0)
Sit Investment Associates Inc has disclosed 656 total holdings in their latest SEC filings. Most recent portfolio value is calculated to be $ 4,023,872,000 USD. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Sit Investment Associates Inc's top holdings are Microsoft Corp. (NASDAQ:MSFT) , Cornerstone Strategic Value Fund, Inc. (AMEX:CLM) , Apple, Inc. (NASDAQ:AAPL) , Johnson & Johnson (NYSE:JNJ) , and Verizon Communications, Inc. (247-0)
Chicago, IL – Dec 29, 2017 – Today, Zacks Equity Research discusses the Industry: Insurance, Part 2, including American Equity Investment Life Holding Company (AEL - Free Report) , Reinsurance Group of America (RGA - Free Report) and Lincoln National Corp. (LNC - Free Report) . (77-0)
The rate environment has been favoring life insurers since the Fed started tightening its monetary policy a couple of years back, given the high sensitivity of their business models to interest rates. But neither the pace nor the magnitude of rate hikes has been enough for a measurable benefit so far.
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
Reinsurance Group of America (NYSE:RGA) has completed a $900 million reinsurance transaction covering a portfolio of annuity business from UK insurer Liverpool Victoria (LV=), in a deal that saw both the asset and longevity risk transferred.
Post review of investment strategies of its legacy businesses, Manulife Financial Corporation (MFC - Free Report) recently announced to lower allocation to alternative long duration assets over the next 12-18 months. This step will help the life insurer boost return on capital and free up the same for redeployment in growth initiatives. Although the company is estimated to incur a $1-billion charge or 50 cents per share in the fourth quarter of 2017 for reducing the allocation, the same will free up a hefty sum of capital worth $2 billion. (23-0)
With 2017 at its threshold, investors have many reasons to cheer for. The economic backdrop has improved with GDP rising, improving employment scenario and major indices gaining year to date. While the S&P 500 has rallied 20.3%, Nasdaq has gained 12.3%. Gross domestic product (GDP) rose 3.3% in the third quarter of 2017, a nice pick up from 3.1% in the second quarter. The Fed now estimates GDP to grow at 2.
* REINSURANCE GROUP OF AMERICA INC - ANNOUNCED COMPLETION OF ASSET AND LONGEVITY RISK TRANSACTION WITH LIVERPOOL VICTORIA FRIENDLY SOCIETY (3-0)
The Fed has kept its promise of three rate hikes this year. With the latest hike of 25 basis points at its recently concluded FOMC (Federal Open Market Committee) meeting, the interest rate now stands at 1.25-1.50%. Previous rate increases were made in March and June, respectively. On a positive note, Fed Chairperson Janet Yellen reiterated the expectation to raise rates thrice in 2018 and twice in 2019. (40-0)
More than a month has gone by since the last earnings report for Reinsurance Group of America, Incorporated (RGA - Free Report) . Shares have added about 11.6% in that time frame, outperforming the market . (3-0)
Torchmark Corporation’s (TMK - Free Report) niche market focus, solid operating fundamentals and a prudent capital management position it well for growth. The company has been witnessing positive estimate revisions over the past 60 days. This Zacks Rank #2 (Buy) life insurer remains promising on the back of a number of growth drivers. Northbound Estimates: The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 1. (14-0)
Reinsurance Group of America, Incorporated (RGA - Free Report) remains well poised for growth, banking on changing life reinsurance pricing environment and expanding business in the pension risk transfer market. The Zacks Rank #2 (Buy) life insurer holds immense potential owing to a few good growth drivers. Growth Projections: The stock has seen the Zacks Consensus Estimate for current-year earnings per share being pegged at $11. (48-0)
Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, November 22nd: (33-0)
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton