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RNR

RenaissanceRe

$131.09

-0.69 (-0.52%)

06:26
11/22/16
11/22
06:26
11/22/16
06:26

RenaissanceRe initiated with a Neutral at Citi

Citi analyst James Naklicki started RenaissanceRe with a Neutral rating and $143 price target. The analyst expects reinsurance pricing will continue to decline, putting pressure on total returns for reinsurance stocks.

RNR RenaissanceRe
$131.09

-0.69 (-0.52%)

04/28/16
SBSH
04/28/16
DOWNGRADE
Target $122
SBSH
Neutral
RenaissanceRe downgraded to Neutral from Buy at Citi
Citi analyst Todd Bault downgraded RenaissanceRe to Neutral saying the company's Q1 results "displayed large negative volatility." The analyst cut his price target for the shares to $122 from $138.
07/11/16
KBWI
07/11/16
DOWNGRADE
KBWI
Market Perform
RenaissanceRe downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette downgraded RenaissanceRe to Market Perform after assuming coverage of the name. The firm cites lowered return on equity expectations and interest rate pressures for the rating change.
11/15/16
GSCO
11/15/16
UPGRADE
Target $125
GSCO
Neutral
RenaissanceRe upgraded to Neutral from Sell at Goldman
Goldman analyst Michael Nannizzi upgraded RenaissanceRe to Neutral and raised its price target to $125 from $101. The analyst expects RenaissanceRe to benefit from its growth into specialty lines that require less capital reserves per unit of premium written, allowing it to shift aggressively towards capital deployment as it right-sizes its capital for the particular needs of its evolving business profile.
11/21/16
DBAB
11/21/16
DOWNGRADE
DBAB
Hold
RenaissanceRe downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Joshua Shanker downgraded RenaissanceRe to Hold saying the shares are no longer attractive following the recent rally. The stock is trading in excess of 1.2 times year-ahead book value, Shanker tells investors in a research note.

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