Reinsurance Group price target lowered to $242 from $252 at Piper Sandler

Piper Sandler lowered the firm’s price target on Reinsurance Group (RGA) to $242 from $252 and keeps an Overweight rating on the shares. The firm says Q4 had quite a bit of noise, with lower earnings due to claims experience in international markets. There were additional pricing actions taken in U.S. traditional to improve profitability that has often led to additional liability opportunities.