J.P. Morgan analyst Jimmy Bhullar maintains $RenaissanceRe Holdings (RNR.US)$ with a hold rating, and adjusts the target price from $267 to $274.
According to TipRanks data, the analyst has a success rate of 57.5% and a total average return of 6.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $RenaissanceRe Holdings (RNR.US)$'s main analysts recently are as follows:
Following a quarter marked by significant global catastrophe events, it is anticipated that third-quarter catastrophe losses will be manageable for property and casualty insurers. Models for the forthcoming quarter include provisional losses attributed to Hurricane Milton, although there is still uncertainty following its recent landfall. Adjustments in the sector reflect the impact of events during the quarter as well as changes in P/E multiples.
The fundamental outlook for the property and casualty sector is positive looking into the third-quarter reports. However, optimistic expectations, bullish sentiment, and valuations moderate the perspective on stocks. Key advantages include continued strong pricing and the sector's defensive risk profile. Yet, the expectations for margins at underwriters and sales growth at brokers are seen as optimistic.
Property & Casualty insurance stocks performed well in the third quarter due to a milder natural catastrophe season and market positions, reaching new highs. However, recent hurricanes have shifted dynamics, yet 'decent' third-quarter reports are still anticipated across underwriters.
Note:
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摩根大通分析师Jimmy Bhullar维持$RenaissanceRe Holdings (RNR.US)$持有评级,并将目标价从267美元上调至274美元。
根据TipRanks数据显示,该分析师近一年总胜率为57.5%,总平均回报率为6.8%。
此外,综合报道,$RenaissanceRe Holdings (RNR.US)$近期主要分析师观点如下:
经历了一季度的重大全球灾难事件后,预计第三季度的灾难损失对财产和意外保险公司来说将是可控的。即将到来季度的模型包括被归因于飓风米尔顿的暂定损失,尽管在其最近的登陆之后仍存在不确定性。该行业的调整反映了本季度事件的影响以及P/E倍数的变化。
展望产险行业的基本情况是积极的,展望第三季度的报告。然而,乐观的预期、看好的情绪和估值控制了股票的前景。主要优势包括持续强劲的定价和该行业的防御性风险配置。然而,对承保人的利润率和经纪人的销售增长的预期被视为乐观。
由于自然灾害季节较温和以及市场地位,财产和意外保险股在第三季度表现良好,达到新高。然而,最近的飓风改变了动态,尽管在保险公司中仍有预期的“不错”的第三季度报告。
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