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TheStreet Wire

Renaissance Re Stock Hits New 52-Week High (RNR)

By TheStreet Wire 05/03/12 - 10:25 AM EDT

Find out if (RNR) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Renaissance Re Holdings (NYSE:RNR) hit a new 52-week high Thursday as it is currently trading at $79.36, above its previous 52-week high of $79.11 with 89,311 shares traded as of 10 a.m. ET. Average volume has been 312,900 shares over the past 30 days.

Renaissance Re has a market cap of $4.02 billion and is part of the financial sector and insurance industry. Shares are up 4.8% year to date as of the close of trading on Wednesday.

RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally.

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TheStreet Ratings rates Renaissance Re as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Renaissance Re Ratings Report.

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