RenaissanceRe Stock Hits New 52-Week High (RNR)

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.

NEW YORK ( TheStreet) -- RenaissanceRe Holdings (NYSE: RNR) hit a new 52-week high Thursday as it is currently trading at $87.41, above its previous 52-week high of $87.38 with 83,866 shares traded as of 11:06 a.m. ET. Average volume has been 517,900 shares over the past 30 days.

RenaissanceRe has a market cap of $3.79 billion and is part of the financial sector and insurance industry. Shares are up 7.3% 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. The company has a P/E ratio of 7.7, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates RenaissanceRe as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels 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 RenaissanceRe Ratings Report.

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