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Bank of America Securities Sticks to Their Buy Rating for Renaissancere Holdings (RNR)

Tipranks - Tipranks - Fri Jan 9, 5:52AM CST

In a report released today, Joshua Shanker from Bank of America Securities maintained a Buy rating on Renaissancere Holdings, with a price target of $455.00.

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According to TipRanks, Shanker is a 5-star analyst with an average return of 7.9% and a 60.08% success rate. Shanker covers the Financial sector, focusing on stocks such as Progressive, American International Group, and Brown & Brown.

In addition to Bank of America Securities, Renaissancere Holdings also received a Buy from TipRanks – OpenAI’s OpenAI Insurance – Reinsurance in a report issued on December 25. However, yesterday, J.P. Morgan maintained a Hold rating on Renaissancere Holdings (NYSE: RNR).

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Based on Renaissancere Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.19 billion and a net profit of $916.51 million. In comparison, last year the company earned a revenue of $3.97 billion and had a net profit of $1.18 billion

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