On Oct 10, major Wall Street analysts update their ratings for $RenaissanceRe Holdings (RNR.US)$, with price targets ranging from $229 to $391.
J.P. Morgan analyst Jimmy Bhullar maintains with a hold rating, and adjusts the target price from $267 to $274.
BofA Securities analyst Joshua Shanker maintains with a buy rating, and sets the target price at $391.
UBS analyst Brian Meredith maintains with a hold rating, and adjusts the target price from $248 to $281.
Wells Fargo analyst Elyse Greenspan maintains with a buy rating, and adjusts the target price from $280 to $314.
Jefferies analyst Yaron Kinar maintains with a buy rating, and adjusts the target price from $270 to $314.
Furthermore, according to the comprehensive report, the opinions of $RenaissanceRe Holdings (RNR.US)$'s main analysts recently are as follows:
Q3 was noted to be a busy period for global catastrophe events, but the anticipated Q3 catastrophe losses are expected to be 'manageable' for property and casualty insurers. 'Placeholder' losses for Hurricane Milton have been incorporated into the models for Q4, taking into account the recent landfall and the associated uncertainties. Adjustments in the group's targets are a reflection of the quarter's events and various changes in P/E multiples.
The fundamental outlook for the property and casualty sector remains positive going into the third-quarter reports. Although there's a general optimism, high valuations and bullish sentiment somewhat moderate the perspective on stocks. The sector is benefiting from strong pricing and a defensive risk profile, which are significant advantages. However, there are ambitious expectations for underwriters' margins and brokers' sales growth.
Property & Casualty insurance stocks performed well in Q3 due to a lighter natural catastrophe season and market positioning, which propelled stocks to new highs. Although the emergence of Hurricane Helene followed by Hurricane Milton has shifted the landscape, decent financial performance for the third quarter of 2024 is still anticipated across underwriters.
Q3 outcomes, especially for reinsurers, might be influenced by the recent Hurricane Milton. The analyst retains a positive stance on the Personal sector, citing improving margins and growth in the number of policies. For Q3, catastrophe losses are anticipated to be below the five-year seasonal average, yet still higher than the same quarter the previous year, which could imply a potential downside for primary insurers, as explained in a preview for the P&C Insurance/Insurtech sector.
Here are the latest investment ratings and price targets for $RenaissanceRe Holdings (RNR.US)$ from 6 analysts:
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美東時間10月10日,多家華爾街大行更新了$RenaissanceRe Holdings (RNR.US)$的評級,目標價介於229美元至391美元。
摩根大通分析師Jimmy Bhullar維持持有評級,並將目標價從267美元上調至274美元。
美銀證券分析師Joshua Shanker維持買入評級,目標價391美元。
瑞士銀行分析師Brian Meredith維持持有評級,並將目標價從248美元上調至281美元。
富國集團分析師Elyse Greenspan維持買入評級,並將目標價從280美元上調至314美元。
富瑞集團分析師Yaron Kinar維持買入評級,並將目標價從270美元上調至314美元。
此外,綜合報道,$RenaissanceRe Holdings (RNR.US)$近期主要分析師觀點如下:
第三季度被指爲全球災難事件繁忙的時期,但預計第三季度的災難損失對財產和意外保險人來說是可以"可控"的。"普萊斯霍爾德"颶風米爾頓的損失已被納入第四季度的模型中,考慮到最近的登陸和相關的不確定性。該集團目標的調整反映了該季度的事件以及P/E倍數的各種變化。
財產和意外保險板塊的基本前景在進入第三季度報告時仍然積極。儘管存在一般樂觀情緒,高估值和看漲情緒在一定程度上緩和了對股票的看法。該板塊受益於強勁的定價和防禦性風險配置,這是重要的優勢。然而,對承保方邊際和經紀人銷售增長有雄心勃勃的期望。
由於自然災害季節較輕和市場定位,第三季度財產和意外保險股表現良好,推動股價創出新高。儘管颶風海倫之後颶風米爾頓的出現改變了局勢,但仍然預計2024年第三季度承保方的財務表現仍然不俗。
第三季度的結果,尤其是對再保險人員,可能會受到最近颶風米爾頓的影響。分析師對個人保險板塊持積極態度,稱其邊際改善和保單數量增長。對第三季度,災難損失預計將低於五年季節性平均水平,但仍高於去年同期,這可能暗示主要保險人可能存在下行風險,如在P&C保險/科技保險板塊的預覽中所解釋。
以下爲今日6位分析師對$RenaissanceRe Holdings (RNR.US)$的最新投資評級及目標價:
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