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

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.

RenaissanceRe Holdings ( RNR) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day up 0.6%. By the end of trading, RenaissanceRe Holdings fell $1.36 (-1.4%) to $96.24 on average volume. Throughout the day, 656,875 shares of RenaissanceRe Holdings exchanged hands as compared to its average daily volume of 766,800 shares. The stock ranged in price between $95.90-$97.27 after having opened the day at $96.75 as compared to the previous trading day's close of $97.60. Other companies within the Insurance industry that declined today were: American Independence Corporation ( AMIC), down 3.6%, National Security Group ( NSEC), down 3.3%, PartnerRe ( PRE), down 3.0% and Tiptree Financial ( TIPT), down 2.8%.

RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance coverages and related services in the United States and internationally. The company operates in three segments: Catastrophe Reinsurance, Specialty Reinsurance, and Lloyd's. RenaissanceRe Holdings has a market cap of $4.0 billion and is part of the financial sector. Shares are up 0.3% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate RenaissanceRe Holdings a buy, 1 analyst rates it a sell, and 9 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, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Phoenix Companies ( PNX), up 6.9%, Kingsway Financial Services ( KFS), up 6.7%, eHealth ( EHTH), up 4.3% and Independence Holding Company ( IHC), up 3.8% , were all gainers within the insurance industry with MetLife ( MET) being today's featured insurance industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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