5 Cheap Hot Stocks To Buy Now

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In this piece, we will take a look at the five cheap hot stocks to buy now. To learn more about the stock market and investing, take a look at 11 Cheap Hot Stocks To Buy Now.

5. RenaissanceRe Holdings Ltd. (NYSE:RNR)

Latest TTM Price To Earnings Ratio: 6.89

RenaissanceRe Holdings Ltd. (NYSE:RNR) is an American insurance company that is headquartered in Pembroke, Bermuda. A high interest rate environment has served the company well, with its third quarter earnings report showing a whopping 150% annual increase in its fee income.

As of Q2 2023 end, 46 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in RenaissanceRe Holdings Ltd. (NYSE:RNR). Richard Armitage’s Egerton Capital Limited is the firm’s largest shareholder in our database, owning 1.3 million shares that are worth $247 million.

Follow Renaissancere Holdings Ltd (NYSE:RNR)

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