RenaissanceRe Stock Near 52-Week High: Time to Lock in Gains?
RenaissanceRe(RNR) ZACKS·2024-09-06 01:50
Shares of RenaissanceRe Holdings Ltd. (RNR) closed at $259.04 on Wednesday, near its 52-week high of $260.97, after having gained 14% in the past month. Shares outperformed the industry's return of 12.7% and the S&P 500 Index's rise of 5.4% in the said time frame. Improving underwriting performance and rising net investment income appear to have catalyzed this bullishness. RNR's proximity to its 52-week high underscores investor confidence and market optimism about this insurance company's prospects. It has ...