KBW analyst Meyer Shields maintained a Buy rating on Renaissancere Holdings (RNR – Research Report) today and set a price target of $294.00. The company’s shares closed yesterday at $232.23.
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According to TipRanks, Shields is a top 100 analyst with an average return of 14.2% and a 72.86% success rate. Shields covers the Financial sector, focusing on stocks such as Renaissancere Holdings, Allstate, and Progressive.
Currently, the analyst consensus on Renaissancere Holdings is a Hold with an average price target of $278.64, representing a 19.98% upside. In a report released on January 30, Wells Fargo also maintained a Buy rating on the stock with a $277.00 price target.
Based on Renaissancere Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.75 billion and a net profit of $1.18 billion. In comparison, last year the company earned a revenue of $1.83 billion and had a net profit of $202.83 million
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