RenaissanceRe (RNR) Gets Target Hikes from Evercore ISI and …
Insider Monkey – Free Hedge Fund and Insider Trading Data (Vardah Gill)RenaissanceRe Holdings Ltd. (NYSE:RNR) is included among the 15 Cash-Rich Dividend Stocks to Invest in Right Now.
On April 9, Evercore ISI analyst David Motemaden raised the price recommendation on RenaissanceRe Holdings Ltd. (NYSE:RNR) to $309 from $291. It maintained an In Line rating on the shares. The firm made the change as part of its adjustments ahead of earnings.
A day earlier, on April 8, Barclays also increased its price target on RenaissanceRe to $341 from $310 and maintained an Equal Weight rating. The update came as part of a broader Q1 preview across the insurance group. The analyst said premium growth and broker organic growth “are likely to remain sluggish,” based on current trends. At the same time, Barclays expects solid margins and strong capital deployment to continue supporting reported book value growth in Q1.
RenaissanceRe Holdings Ltd. (NYSE:RNR) operates as a global provider of reinsurance and insurance, focusing on matching risk with capital. The company offers property, casualty, and specialty reinsurance, along with selected insurance solutions, mainly through intermediaries. It reports through two segments: Property and Casualty and Specialty.
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