Barclays analyst Jay Gelb maintained a Sell rating on Renaissancere Holdings Ltd (RNR) today and set a price target of $175.00. The company’s shares closed last Monday at $191.92, close to its 52-week high of $195.12.
According to TipRanks.com, Gelb is a 5-star analyst with an average return of 7.5% and a 67.7% success rate. Gelb covers the Financial sector, focusing on stocks such as American International Group, Prudential Financial Inc, and Arthur J Gallagher & Co.
Renaissancere Holdings Ltd has an analyst consensus of Moderate Sell, with a price target consensus of $178.67.
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Renaissancere Holdings Ltd’s market cap is currently $8.48B and has a P/E ratio of 14.19. The company has a Price to Book ratio of 1.61.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RNR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
