RenaissanceRe Holdings Ltd (RNR): Today's Featured Insurance Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

RenaissanceRe Holdings ( RNR) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole closed the day down 0.2%. By the end of trading, RenaissanceRe Holdings rose 97 cents (1.2%) to $82.49 on average volume. Throughout the day, 473,467 shares of RenaissanceRe Holdings exchanged hands as compared to its average daily volume of 494,100 shares. The stock ranged in a price between $81.27-$82.58 after having opened the day at $81.39 as compared to the previous trading day's close of $81.52. Other companies within the Insurance industry that increased today were: Investors Title Company ( ITIC), up 4.2%, United Insurance Holdings ( UIHC), up 3%, Aviva ( AV), up 2.6%, and Phoenix Companies ( PNX), up 2.1%.
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RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. RenaissanceRe Holdings has a market cap of $3.9 billion and is part of the financial sector. The company has a P/E ratio of 6.8, below the S&P 500 P/E ratio of 17.7. Shares are down 0.4% year to date as of the close of trading on Thursday. Currently there are eight analysts that rate RenaissanceRe Holdings a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates RenaissanceRe Holdings 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, notable return on equity, attractive valuation levels 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.

On the negative front, Imperial Holdings ( IFT), down 7%, MBIA ( MBI), down 3.7%, Independence Holding Company ( IHC), down 2.7%, and Stewart Information Services ( STC), down 2.7%, were all laggards within the insurance industry with Genworth Financial ( GNW) being today's insurance industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider KBW Insurance ETF ( KIE) while those bearish on the insurance industry could consider Proshares Short Financials ( SEF).

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