RenaissanceRe: A Cheap Growth Stock [Seeking Alpha]
RenaissanceRe Holdings Ltd. (RNR)
Last renaissancere holdings ltd. earnings: 2/4 05:23 pm
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US:NYSE Investor Relations:
renre.com
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Source: Seeking Alpha
12min Summary RenaissanceRe is undervalued at 6.5x FWD earnings, with strong fundamentals and a solid growth trajectory, presenting a buying opportunity. The company excels in reinsurance and insurance, with impressive profitability and growth due to superior risk selection and capital management. Q2 results show a 53% YoY revenue increase, driven by the Validus acquisition, with gross premiums up 29.2% and a combined ratio of 81.1%. Shares are a buy with price target of $350. tupungato/iStock Editorial via Getty Images Investment Thesis RenaissanceRe ( NYSE: RNR ) has shown to be an impressive fundamental performer, with solid returns on equity and gross premium growth. In the recent Q2 press release, combined ratio continues to be relatively strong at 81.1%, with fee and net investment income up over 40% each. I believe the strong fundamentals of RenaissanceRe are not fully priced in at 6.5x FWD earnings, leading me to rate shares as undervalued. The company is on a
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RNR
News
- AM Best Affirms Credit Ratings of RenaissanceRe Holdings Ltd. and Its Main SubsidiariesBusiness Wire
- RenaissanceRe Holdings Ltd. (NYSE: RNR) had its price target raised by analysts at Citigroup Inc. from $262.00 to $298.00. They now have a "buy" rating on the stock.MarketBeat
- Here's Why RenaissanceRe (RNR) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
- RenaissanceRe Holdings Ltd. (NYSE: RNR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- FTGS: This Well-Rounded Large-Cap Growth ETF Comes With A Catch [Seeking Alpha]Seeking Alpha
RNR
Earnings
- 7/24/24 - Beat
RNR
Sec Filings
- 8/30/24 - Form 4
- 8/29/24 - Form 144
- 8/23/24 - Form 144
- RNR's page on the SEC website