RenaissanceRe Holdings Ltd (RNR): Today's Featured Insurance Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole closed the day down 0.1%. By the end of trading, RenaissanceRe Holdings rose $0.95 (1.1%) to $88.35 on light volume. Throughout the day, 157,620 shares of RenaissanceRe Holdings exchanged hands as compared to its average daily volume of 485,200 shares. The stock ranged in a price between $87.17-$88.53 after having opened the day at $87.90 as compared to the previous trading day's close of $87.40. Other companies within the Insurance industry that increased today were:
(
), up 5.9%,
(
), up 5.2%,
(
), up 4.7% and
(
), up 3.7%.
RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance coverages and related services in the United States and internationally. RenaissanceRe Holdings has a market cap of $3.9 billion and is part of the financial sector. Shares are up 7.6% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate RenaissanceRe Holdings a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
RenaissanceRe Holdings
as a
. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, notable return on equity, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full RenaissanceRe Holdings Ratings Report.
On the negative front,
(
), down 6.6%,
(
), down 4.2%,
(
), down 3.9% and
(
), down 3.6%.
- Use our insurance section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider
(
) while those bearish on the insurance industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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