TD Cowen analyst Andrew Kligerman initiated coverage of RenaissanceRe with a Market Perform rating and $224 price target. The company has a strong underwriting reputation, but also volatile results, the analyst tells investors in a research note. The firm says RenaissanceRe’s combined ratio is volatile year-to-year, given catosprohe exposure.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on RNR: