RenaissanceRe Holdings Ltd (NYSE: RNR) has reported E.P.S. of $22.68 for its third fiscal quarter (ending September 30) versus $3.81 for the same period a year ago — an increase of 495%. For the latest four quarters through September 30, E.P.S. were $69.46 compared to $30.47 a year ago — an increase of 128%.
Recent Price Action
On 11/6/24, RenaissanceRe Holdings Ltd (NYSE: RNR) stock enjoyed a large increase of 3.2%, closing at $277.90. This advance was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months and has risen 3.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, RNR is expected to continue to be a Value Builder.
RenaissanceRE Holdings has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. RenaissanceRE Holdings has a good Power Rating of 72 and a good Appreciation Score of 82, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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