Analysts Offer Insights on Financial Companies: First Citizens BancShares (FCNCA), Renaissancere Holdings (RNR) and TCG BDC (CGBD)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on First Citizens BancShares (FCNCA – Research Report), Renaissancere Holdings (RNR – Research Report) and TCG BDC (CGBD – Research Report).

First Citizens BancShares (FCNCA)

In a report released today, Brady Gailey from KBW maintained a Buy rating on First Citizens BancShares, with a price target of $1500.00. The company’s shares closed last Thursday at $1215.89, close to its 52-week high of $1252.09.

According to TipRanks.com, Gailey is a 4-star analyst with an average return of 7.3% and a 59.3% success rate. Gailey covers the Financial sector, focusing on stocks such as USCB Financial Holdings, Inc. Class A, Seacoast Banking Of Florida, and First Western Financial.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Citizens BancShares with a $1243.67 average price target.

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Renaissancere Holdings (RNR)

In a report released today, Meyer Shields from KBW maintained a Buy rating on Renaissancere Holdings, with a price target of $258.00. The company’s shares closed last Thursday at $211.25, close to its 52-week high of $223.80.

According to TipRanks.com, Shields is a 5-star analyst with an average return of 11.4% and a 69.8% success rate. Shields covers the Financial sector, focusing on stocks such as Skyward Specialty Insurance Group, Inc., American International Group, and Selective Insurance Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Renaissancere Holdings with a $236.00 average price target, representing a 12.3% upside. In a report issued on May 3, Wells Fargo also assigned a Buy rating to the stock with a $257.00 price target.

TCG BDC (CGBD)

Oppenheimer analyst Mitchel Penn reiterated a Hold rating on TCG BDC today and set a price target of $16.00. The company’s shares closed last Thursday at $13.41.

According to TipRanks.com, Penn is a 3-star analyst with an average return of 3.3% and a 52.8% success rate. Penn covers the Financial sector, focusing on stocks such as Crescent Capital BDC, New Mountain Finance, and Main Street Capital.

Currently, the analyst consensus on TCG BDC is a Moderate Buy with an average price target of $15.25, which is a 13.0% upside from current levels. In a report released today, Wells Fargo also maintained a Hold rating on the stock with a $13.25 price target.

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