RenaissanceRe price target raised to $318 from $310 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on RenaissanceRe (RNR) to $318 from $310 and keeps an Outperform rating on the shares as part of a Q4 earnings preview for the property and casualty sector. The results will include slowing written commercial and specialty premium growth, as well as “significant but manageable” reinsured catastrophe losses from hurricanes, the analyst tells investors in a research note. Keefe mostly raised Q4 catastrophe loads for property and casualty insurers citing “persistent Helene loss creep.”