** Reinsurance Group of America RGA.N shares drop 9.5% to $208.67, on track for biggest daily pct drop since lat Nov. 2021, after hitting roughly 6-week low of $206.13
** The insurance holding company reported Q4 earnings after the close on Thursday that fell short of Street expectations
** Stock now on track to close below both 50-day and 200-day moving averages for the first time since Dec. 20
** Jefferies analyst Suneet Kamath said RGA "appears to be signaling continued elevated capital deployment," but, "EPS missed 4Q:24 EPS expectations, and RGA's new outlook does not suggest material positive EPS revisions" although the firm feels RGA's long-term growth prospects are likely better than they have been historically
** Of the 13 analysts that cover RGA, the breakdown of recommendations are 10 "strong buy" or "buy" and 3 "hold" ratings
** Median price target of $252 is unchanged from a month ago and up from $247.50 on Nov. 7
** RGA shares now down ~2% YTD vs ~6% gain in S&P 400 industrials .SPMDCF
(Reporting by Chuck Mikolajczak)
((charles.mikolajczak@tr.com; @ChuckMik;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.