In a report released today, Elyse Greenspan from Wells Fargo maintained a Buy rating on Renaissancere Holdings (RNR – Research Report), with a price target of $263.00. The company’s shares closed yesterday at $200.65.
Greenspan covers the Financial sector, focusing on stocks such as American International Group, Progressive, and Allstate. According to TipRanks, Greenspan has an average return of 10.5% and a 61.75% success rate on recommended stocks.
Renaissancere Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $243.25, representing a 21.23% upside. In a report released on January 9, Jefferies also maintained a Buy rating on the stock with a $245.00 price target.
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The company has a one-year high of $226.73 and a one-year low of $173.56. Currently, Renaissancere Holdings has an average volume of 501.5K.
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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.
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