5 Oversold Financial Stocks to Buy

4. RenaissanceRe Holdings Ltd. (NYSE:RNR)

Number of Hedge Fund Investors in Q1 2023: 33

Latest 14-Day RSI Reading: 39.15

RenaissanceRe Holdings Ltd. (NYSE:RNR) sells a wide variety of property, casualty, and specialty insurance products that cover tens of different scenarios, events, and segments. It managed to beat analyst EPS estimates in Q2 2023 despite the fact that the estimates were higher than in the previous quarters.

As of Q1 2023, 33 of the 943 hedge funds polled by Insider Monkey had held a stake in the company. RenaissanceRe Holdings Ltd. (NYSE:RNR)’s largest hedge fund investor is Brian Ashford-Russell and Tim Woolley’s Polar Capital with a stake worth $204 million.

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