Jefferies analyst Yaron Kinar lowered the firm’s price target on RenaissanceRe to $246 from $249 and keeps a Buy rating on the shares. In its Q3 earnings preview for the P&C Insurance/Insurtech group, the firm said it sees “upwards bias” to catastrophe-exposed names. In Personal, the firm expects year-over-year underlying underwriting improvement for Progressive (PGR) and Allstate (ALL) along with rate momentum, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on RNR:
- FedEx, Blue Owl Capital, RenaissanceRe added to ‘US 1’ list at BofA
- RenaissanceRe initiated with a Buy at Goldman Sachs
- RenaissanceRe price target lowered to $266 from $275 at BofA
- ‘When I See a Bubble Forming, I Rush in to Buy’: George Soros Snaps Up These 2 Buy-Rated Stocks
- Soros boosts stake in Amazon, exits position in First Horizon
