In a report released today, Matthew Carletti from JMP Securities reiterated a Hold rating on Renaissancere Holdings (RNR – Research Report). The company’s shares closed yesterday at $219.25.
According to TipRanks, Carletti is a 5-star analyst with an average return of 11.3% and a 58.97% success rate. Carletti covers the Financial sector, focusing on stocks such as Amerisafe, Arch Capital Group, and Employers Holdings.
Renaissancere Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $263.00.
RNR market cap is currently $11.54B and has a P/E ratio of 4.19.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RNR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Renaissancere Holdings (RNR) Company Description:
RenaissanceRe Holdings Ltd. engages in the provision of reinsurance and insurance services. It operates through the following segments: Property, Casualty and Specialty, and Other. The Property segment comprises of catastrophe, and other property reinsurance and insurance. The Casualty and Specialty segment deals with casualty and specialty reinsurance and insurance. The Other segment includes strategic investments, investments unit, corporate expense, capital servicing costs, and non-controlling interests. The company was founded by Neill A. Currie on June 7, 1993 and is headquartered in Pembroke, Bermuda.
