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KBW Reaffirms Their Hold Rating on Renaissancere Holdings (RNR)

Tipranks - Tipranks - Thu May 7, 1:00AM CDT

In a report released yesterday, Meyer Shields from KBW maintained a Hold rating on Renaissancere Holdings, with a price target of $327.00.

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Shields covers the Financial sector, focusing on stocks such as Progressive, W. R. Berkley Corporation, and Cincinnati Financial. According to TipRanks, Shields has an average return of 10.5% and a 64.84% success rate on recommended stocks.

In addition to KBW, Renaissancere Holdings also received a Hold from Mizuho Securities’s Yaron Kinar in a report issued on May 4. However, on April 29, Bank of America Securities maintained a Buy rating on Renaissancere Holdings (NYSE: RNR).

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Based on Renaissancere Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.17 billion and a net profit of $293.38 million. In comparison, last year the company earned a revenue of $3.45 billion and had a net profit of $169.99 million

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