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Renaissancere Holdings (RNR) Receives a Buy from Citi

Tipranks - Tipranks - Wed Jan 21, 5:04AM CST

In a report released today, Matthew Heimermann from Citi maintained a Buy rating on Renaissancere Holdings, with a price target of $298.00.

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According to TipRanks, Heimermann is a 2-star analyst with an average return of 0.9% and a 55.56% success rate. Heimermann covers the Financial sector, focusing on stocks such as Chubb, Aon, and Arthur J Gallagher & Co.

In addition to Citi, Renaissancere Holdings also received a Buy from Bank of America Securities’s Joshua Shanker in a report issued on January 16. However, on January 14, Cantor Fitzgerald 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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