Important positive changes in fundamentals have recently occurred for RenaissanceRe Holdings Ltd (NYSE: RNR): the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
RenaissanceRe Holdings Ltd (NYSE: RNR) has recently enjoyed significant positive changes in investment behavior: the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
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 74 and a good Appreciation Score of 84, producing the Highest Value Trend Rating.
Recent Price Action
RenaissanceRe Holdings Ltd (NYSE: RNR) stock closed at $257.46 on 1/17/25 after a slight gain of 0.2%. Moreover, trading volume in this advance was exceptionally high at 269% of normal. Relative to the market the stock has been strong over the last nine months and has risen 1.6% during the last week.
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