5 Stocks George Soros and Insiders Are Crazy About

4. Renaissancere Holdings Ltd (NYSE:RNR)

Soros Fund Management’s Stake: $19,652,920

Insurance and business services company Renaissancere Holdings Ltd (NYSE:RNR) is one of the stocks on the radar of billionaire George Soros’ fund and corporate insiders. Renaissancere Holdings Ltd’s (NYSE:RNR) CEO Kevin J. O’Donnell on May 25 amassed 13,020 shares of Renaissancere Holdings Ltd (NYSE:RNR) at $192.00 per share. Since then through March 12 the stock has gained about 21%. George Soros’ fund had a stake worth about $20 million in Renaissancere Holdings Ltd (NYSE:RNR) heading into 2024.

TimesSquare Capital U.S. Mid Cap Growth Strategy made the following comment about RenaissanceRe Holdings Ltd. (NYSE:RNR) in its Q3 2023 investor letter:

“In Financials, we prefer well-placed insurance companies and niche businesses while tending to avoid banks which face credit deterioration and rising deposit costs. RenaissanceRe Holdings Ltd. (NYSE:RNR), a provider of reinsurance and insurance products, surged ahead by 6%. Its second quarter numbers were solid across underwriting, property catastrophe premiums, investment income, and fee income. While there was an impact from severe storms during the quarter, RenRe’s losses were modest.”