15 Small Cap Financial Stocks Hedge Funds Are Buying

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9. Reinsurance Group of America, Incorporated (NYSE:RGA)

Market Capitalization: $12.207 Billion

Number of Hedge Fund Holders: 38

Reinsurance Group of America, Incorporated (NYSE:RGA) is an international insurance holding company that specializes in health and life reinsurance and other financial services. It provides its clients with reinsurance products that cover life, health, disability, and long-term care.

On April 2, JPMorgan upgraded the stock from Neutral to Overweight with a price target of $237, up from $232. The firm noted that the upgrade is based on the earnings expectations from the Equitable Holdings deal, followed by Reinsurance Group of America, Incorporated’s (NYSE:RGA) defensive risk portfolio, and an overall attractive valuation.

Moreover, during fiscal 2024, the company achieved a record Return on Investment of 15.4%, which exceeded the company’s intermediate target. This was driven by record operating earnings and a significant capital deployment for transactions. The Asian traditional business market remained one of the strongest growth contributors. Reinsurance Group of America, Incorporated (NYSE:RGA) has expanded its presence in Asia, especially in Hong Kong and China. It is one of the small-cap financial stocks hedge funds are buying.

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