FTGS: This Well-Rounded Large-Cap Growth ETF Comes With A Catch [Seeking Alpha]
RenaissanceRe Holdings Ltd. (RNR)
Last renaissancere holdings ltd. earnings: 2/4 05:23 pm
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Source: Seeking Alpha
6.17K Follower s Follow Summary FTGS is a relatively new equal-weighted large-cap growth fund with a 0.60% expense ratio and $610 million in assets under management. The selection process begins by identifying high-quality stocks through cash on hand, long-term debt to market cap ratios, and return on equity. Growth screens narrow the list to 50 stocks. The result is a portfolio that looks excellent on paper. FTGS is well-diversified by sector, features a 21% three-year earnings growth rate, and trades at just 19.17x forward earnings. There's a catch, and I'm skeptical these fundamentals will remain consistent with each reconstitution. For now, I'm taking a "wait and see" approach, and I remain neutral. LagartoFilm Investment Thesis The First Trust Growth Strength ETF ( NASDAQ: FTGS ) provides investors with large-cap equal-weighted exposure to 50 stocks that have increased earnings per share by over 21% annually over the last three years. Trading at 19.17x forward
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News
- RenaissanceRe: A Cheap Growth Stock [Seeking Alpha]Seeking Alpha
- 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
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