J.P. Morgan analyst Jimmy Bhullar maintains $RenaissanceRe Holdings (RNR.US)$ with a hold rating, and adjusts the target price from $267 to $274.
According to TipRanks data, the analyst has a success rate of 57.5% and a total average return of 6.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $RenaissanceRe Holdings (RNR.US)$'s main analysts recently are as follows:
Following a quarter marked by significant global catastrophe events, it is anticipated that third-quarter catastrophe losses will be manageable for property and casualty insurers. Models for the forthcoming quarter include provisional losses attributed to Hurricane Milton, although there is still uncertainty following its recent landfall. Adjustments in the sector reflect the impact of events during the quarter as well as changes in P/E multiples.
The fundamental outlook for the property and casualty sector is positive looking into the third-quarter reports. However, optimistic expectations, bullish sentiment, and valuations moderate the perspective on stocks. Key advantages include continued strong pricing and the sector's defensive risk profile. Yet, the expectations for margins at underwriters and sales growth at brokers are seen as optimistic.
Property & Casualty insurance stocks performed well in the third quarter due to a milder natural catastrophe season and market positions, reaching new highs. However, recent hurricanes have shifted dynamics, yet 'decent' third-quarter reports are still anticipated across underwriters.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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摩根大通分析師Jimmy Bhullar維持$RenaissanceRe Holdings (RNR.US)$持有評級，並將目標價從267美元上調至274美元。
根據TipRanks數據顯示，該分析師近一年總勝率為57.5%，總平均回報率為6.8%。
此外，綜合報道，$RenaissanceRe Holdings (RNR.US)$近期主要分析師觀點如下：
在經歷了一季度的重大全球災難事件後，預計第三季度的災難損失對財產和意外傷害保險公司來說將是可控的。針對即將到來的季度的模型包括暫定損失歸因於颶風米爾頓，儘管其最近的登陸後仍存在不確定性。該行業的調整反映了本季度的事件影響以及市盈率的變化。
展望財產和意外傷害行業在第三季度報告中的基本情況是積極的。然而，樂觀的預期、看好的情緒和估值對股票的觀點有所平衡。主要優勢包括持續強勁的定價和該行業的防禦性風險配置。然而，對於承保方的利潤率預期和經紀人的銷售增長預期被視爲樂觀。
由於自然災害季節較爲溫和以及市場地位，財產和意外傷害保險股在第三季度表現良好，達到新高。然而，最近的颶風改變了動態，儘管承保方仍然預計有「不錯的」第三季度報告。
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