On Oct 10, major Wall Street analysts update their ratings for $RenaissanceRe Holdings (RNR.US)$, with price targets ranging from $229 to $391.
J.P. Morgan analyst Jimmy Bhullar maintains with a hold rating, and adjusts the target price from $267 to $274.
BofA Securities analyst Joshua Shanker maintains with a buy rating, and sets the target price at $391.
UBS analyst Brian Meredith maintains with a hold rating, and adjusts the target price from $248 to $281.
Wells Fargo analyst Elyse Greenspan maintains with a buy rating, and adjusts the target price from $280 to $314.
Jefferies analyst Yaron Kinar maintains with a buy rating, and adjusts the target price from $270 to $314.
Furthermore, according to the comprehensive report, the opinions of $RenaissanceRe Holdings (RNR.US)$'s main analysts recently are as follows:
Q3 was noted to be a busy period for global catastrophe events, but the anticipated Q3 catastrophe losses are expected to be 'manageable' for property and casualty insurers. 'Placeholder' losses for Hurricane Milton have been incorporated into the models for Q4, taking into account the recent landfall and the associated uncertainties. Adjustments in the group's targets are a reflection of the quarter's events and various changes in P/E multiples.
The fundamental outlook for the property and casualty sector remains positive going into the third-quarter reports. Although there's a general optimism, high valuations and bullish sentiment somewhat moderate the perspective on stocks. The sector is benefiting from strong pricing and a defensive risk profile, which are significant advantages. However, there are ambitious expectations for underwriters' margins and brokers' sales growth.
Property & Casualty insurance stocks performed well in Q3 due to a lighter natural catastrophe season and market positioning, which propelled stocks to new highs. Although the emergence of Hurricane Helene followed by Hurricane Milton has shifted the landscape, decent financial performance for the third quarter of 2024 is still anticipated across underwriters.
Q3 outcomes, especially for reinsurers, might be influenced by the recent Hurricane Milton. The analyst retains a positive stance on the Personal sector, citing improving margins and growth in the number of policies. For Q3, catastrophe losses are anticipated to be below the five-year seasonal average, yet still higher than the same quarter the previous year, which could imply a potential downside for primary insurers, as explained in a preview for the P&C Insurance/Insurtech sector.
Here are the latest investment ratings and price targets for $RenaissanceRe Holdings (RNR.US)$ from 6 analysts:
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美東時間10月10日，多家華爾街大行更新了$RenaissanceRe Holdings (RNR.US)$的評級，目標價介於229美元至391美元。
摩根大通分析師Jimmy Bhullar維持持有評級，並將目標價從267美元上調至274美元。
美銀證券分析師Joshua Shanker維持買入評級，目標價391美元。
瑞士銀行分析師Brian Meredith維持持有評級，並將目標價從248美元上調至281美元。
富國集團分析師Elyse Greenspan維持買入評級，並將目標價從280美元上調至314美元。
富瑞集團分析師Yaron Kinar維持買入評級，並將目標價從270美元上調至314美元。
此外，綜合報道，$RenaissanceRe Holdings (RNR.US)$近期主要分析師觀點如下：
第三季度被認爲是全球災難事件的繁忙期，但預期的第三季度災難損失預計對財產和意外傷害保險公司來說將是「可以控制的」。對颶風米爾頓的「佔位符」損失已被納入第四季度的模型中，考慮到最近的登陸和相關的不確定性。集團目標的調整是對本季度事件和P/E倍數的各種變化的反映。
財產和意外傷害板塊的基本前景在進入第三季度報告期間保持積極態勢。儘管存在一種普遍的樂觀情緒，高估值和看漲情緒在一定程度上減弱了對股票的看法。該板塊受益於強勁的定價和防禦性的風險配置，這是重要的優勢。然而，對承保商的利潤率和經紀人的銷售增長存在雄心勃勃的預期。
由於自然災害季節較輕和市場定位，財產和意外傷害保險股在第三季度表現良好，推動股市創下新高。儘管出現了海倫颶風，隨後又出現了米爾頓颶風，改變了格局，但仍然預計承保商在2024年第三季度取得了良好的財務表現。
第三季度的結果，特別是對再保險商可能會受到最近的米爾頓颶風的影響。分析師對個人保險板塊持積極態度，稱讚毛利和保單數量的增長。第三季度的災難損失預計將低於五年季節性平均水平，但仍然高於去年同季度，這可能意味着初級保險商存在下行風險，正如在P&C保險/保險科技板塊的預覽中所解釋的。
以下爲今日6位分析師對$RenaissanceRe Holdings (RNR.US)$的最新投資評級及目標價：
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