Barclays Upgrades RenaissanceRe Holdings (RNR) Stock to Equal Weight, Lifts PT

RenaissanceRe Holdings Ltd. (NYSE:RNR) is one of the Best Large Cap Value Stocks to Invest In. Barclays upgraded the company’s stock to “Equal Weight” from “Underweight” with a price objective of $256, up from the prior target of $231. Moving forward, the firm remains cautious on property and casualty carriers, noting that the underwriting margins witness pressure due to the softening rates as well as unfavorable mix shift. Furthermore, Barclays remains more constructive on reinsurers because of idiosyncratic tailwinds and capital return potential over the H2. The analyst expects capital deployment, primarily from the share repurchase, as a catalyst in the back half for RenaissanceRe Holdings Ltd. (NYSE:RNR).

Barclays Upgrades RenaissanceRe Holdings (RNR) Stock to Equal Weight, Lifts PT

A top-view of a large city skyline, exemplifying the power and the protection of a reinsurance company.

Fitch Ratings sees RenaissanceRe Holdings Ltd. (NYSE:RNR)’s overall business profile as ‘Moderate’ as compared to all other reinsurance organizations on a global basis. Furthermore, the firm considers RenaissanceRe Holdings Ltd. (NYSE:RNR) a leader in the broader property/casualty and specialty traditional and alternative reinsurance markets, offering consistent market capacity and effectively underwriting and pricing the catastrophe-related risks.

With respect to the underwriting results, in the property segment, the gross premiums written rose $241.0 million, or 12.7% in Q1 2025, driven by a rise of $325.5 million, or 24.3%, in the catastrophe class. However, the rise in gross premiums written was partially offset by a decrease of $84.6 million in the other property class.

While we acknowledge the potential of RNR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RNR and that has 100x upside potential, check out our report about this cheapest AI stock.

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