Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Renaissancere Holdings Ltd (NYSE: RNR) today and set a price target of $130. The company’s shares closed yesterday at $128.37.
According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 2.7% and a 54.5% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and United Insurance Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Renaissancere Holdings Ltd with a $147.67 average price target.
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Based on Renaissancere Holdings Ltd’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $42.39 million. In comparison, last year the company had a GAAP net loss of $499 million.
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RenaissanceRe Holdings Ltd. engages in the provision of reinsurance and insurance services. It operates through the following segments: Property, Casualty and Specialty, and Other. The Property segment comprises of catastrophe, and other property reinsurance and insurance.
