Jefferies analyst Yaron Kinar maintains $RenaissanceRe Holdings (RNR.US)$ with a buy rating, and adjusts the target price from $270 to $314.
According to TipRanks data, the analyst has a success rate of 68.9% and a total average return of 9.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $RenaissanceRe Holdings (RNR.US)$'s main analysts recently are as follows:
Property & Casualty insurance stocks performed well in Q3 due to a milder natural catastrophe season and market positioning, which pushed stocks to new highs. Despite recent events altering the dynamic, it is anticipated that underwriters will still report satisfactory results for Q3.
Q3 outcomes, particularly within the reinsurance sector, might be influenced by the recent Hurricane Milton. There is a positive outlook on the Personal segment due to enhancing margins and the number of policies in force. It is anticipated that catastrophe losses for Q3 will be under the five-year seasonal average but potentially higher than those in the same quarter of the previous year, which may present challenges for primary insurers.
Note:
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