Barclays Increases RenaissanceRe (RNR) PT to $273

RenaissanceRe Holdings Ltd. (NYSE:RNR) is one of the most undervalued stocks to buy and hold for 3 years. On July 24, Barclays increased its price target for RenaissanceRe to $273 from $256, while maintaining an Equal Weight rating on the shares. The revision follows RenaissanceRe’s strong Q2 2025 earnings beat.

RenaissanceRe Holdings announced its financial results for Q2 2025 on July 23 in Pembroke, Bermuda. The company reported Net Income Available to Common Shareholders of $826.5 million and Operating Income Available to Common Shareholders of $594.6 million for Q2. This translates to $17.20 per diluted common share for net income and $12.29 per diluted common share for operating income.

Barclays Increases RenaissanceRe (RNR) PT to $273

A suburban home with people walking in front, representing the protection provided by the Property & Casualty Insurance.

RenaissanceRe actively engaged in share repurchases in this quarter. During Q2, ~1.6 million common shares were repurchased at an aggregate cost of $376.4 million, with an average price of $242.18 per common share. From July 1 through July 21, an additional 293.8 thousand common shares were repurchased at a total cost of $70.2 million and an average price of $239.03 per common share.

RenaissanceRe Holdings Ltd. (NYSE:RNR) provides reinsurance and insurance products in the US and internationally. It operates through the Property and Casualty & Specialty segments.

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Disclosure: None. This article is originally published at Insider Monkey.