Wells Fargo analyst Elyse Greenspan maintains $RenaissanceRe Holdings (RNR.US)$ with a buy rating, and adjusts the target price from $280 to $314.
According to TipRanks data, the analyst has a success rate of 64.5% and a total average return of 8.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $RenaissanceRe Holdings (RNR.US)$'s main analysts recently are as follows:
The recent quarter was met with numerous global catastrophe occurrences, which are anticipated to result in 'manageable' Q3 catastrophe losses for property and casualty insurers. Models for the forthcoming quarter include provisional losses for Hurricane Milton, though the situation bears uncertainty as the storm has only recently made landfall. The adjustments made within the group are reflective of the events of the past quarter and alterations in P/E multiples.
The fundamental outlook for the property and casualty sector remains positive heading into the third quarter reports. However, this optimism is moderated by current expectations, bullish sentiment, and valuations across the sector. Key advantages include persistent firm pricing and a defensive risk profile within the industry. However, there are optimistic expectations surrounding margins at underwriters and sales growth at brokers.
Property & Casualty insurance stocks performed well in Q3 due to a milder natural catastrophe season and market positioning, leading stocks to reach new highs. Despite recent events with Hurricane Helene and Hurricane Milton altering the landscape, decent performance across underwriters for the third quarter of 2024 is still anticipated.
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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富國集團分析師Elyse Greenspan維持$RenaissanceRe Holdings (RNR.US)$買入評級，並將目標價從280美元上調至314美元。
根據TipRanks數據顯示，該分析師近一年總勝率為64.5%，總平均回報率為8.6%。
此外，綜合報道，$RenaissanceRe Holdings (RNR.US)$近期主要分析師觀點如下：
最近的季度遭遇了許多全球災難事件，預計將導致產險公司在第三季度遭受"可控"的災難損失。未來季度的模型包括颶風米爾頓的暫定損失，儘管該情況存在不確定性，因爲風暴剛剛登陸。集團內部的調整反映了上季度事件的發生以及市盈率的變化。
物業和意外傷害保險行業的基本展望保持積極，在進入第三季度報告之前。然而，當前對該行業的期望、看好情緒和估值對樂觀情緒有所抑制。主要優勢包括保持堅挺的價格和行業內的防禦性風險配置。不過，在承保商的邊際和經紀人的銷售增長方面存在樂觀的預期。
由於較溫和的自然災害季節和市場定位，產險股在第三季度表現不俗，推動股價創下新高。儘管最近發生了颶風海倫和颶風米爾頓的事件改變了格局，但仍然預計2024年第三季度承保商將表現不錯。
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