Here’s What Happened to RenaissanceRe Holdings Ltd. (RNR) In Q4

1 week ago 3

Soumya Eswaran

Mon, Apr 7, 2025, 5:35 AM 3 min read

TimesSquare Capital Management, an equity concern absorption company, released its “U.S. Focus Growth Strategy” fourth-quarter 2024 capitalist letter. A transcript of the missive tin beryllium downloaded here. In the 4th quarter, the strategy returned -1.35% (gross) and -1.56% (net) compared to 8.14% for the Russell Midcap Growth Index. In the 4th quarter, the U.S. tiny to mid-cap maturation equities with the top valuation (P/E), lowest prime (return connected equity), oregon highest hazard (beta oregon volatility) provided the strongest gains. In this environment, the portfolio's fourth-quarter show fell abbreviated of the Russell Midcap® Growth Index, resulting successful mediocre show for the year. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2024.

In its 4th fourth 2024 capitalist letter, TimesSquare Capital Management U.S. Focus Growth Strategy emphasized stocks specified arsenic RenaissanceRe Holdings Ltd. (NYSE:RNR). RenaissanceRe Holdings Ltd. (NYSE:RNR) is simply a reinsurance and security products provider. The one-month instrumentality of RenaissanceRe Holdings Ltd. (NYSE:RNR) was -3.64%, and its shares gained 4.33% of their worth implicit the past 52 weeks. On April 4, 2025, RenaissanceRe Holdings Ltd. (NYSE:RNR) banal closed astatine $232.67 per stock with a marketplace capitalization of $11.4 billion.

TimesSquare Capital Management U.S. Focus Growth Strategy stated the pursuing regarding RenaissanceRe Holdings Ltd. (NYSE:RNR) successful its Q4 2024 capitalist letter:

"In the Financials assemblage we thin to debar banks that look recognition deterioration oregon rising deposit costs, preferring either plus managers oregon specialized security companies. RenaissanceRe Holdings Ltd. (NYSE:RNR), a supplier of reinsurance and security services, mislaid -8%. Third 4th net were good supra Street projections, driven by higher Property conception reserve releases and a little catastrophe nonaccomplishment ratio. The Casualty & Specialty broadside of the concern experienced an elevated nonaccomplishment ratio and deteriorating reserve releases. Net concern income and stock buybacks were amended than expected. We trimmed the presumption during the quarter."

Is RenaissanceRe Holdings Ltd. (RNR) High Growth Financial Stock To Invest In?

A top-view of a ample metropolis skyline, exemplifying the powerfulness and the extortion of a reinsurance company.

RenaissanceRe Holdings Ltd. (NYSE:RNR) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge money portfolios held RenaissanceRe Holdings Ltd. (NYSE:RNR) astatine the extremity of the 4th fourth which was 29 successful the erstwhile quarter. While we admit the imaginable of RenaissanceRe Holdings Ltd. (NYSE:RNR) arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. If you are looking for an AI banal that is arsenic promising arsenic NVIDIA but that trades astatine little than 5 times its earnings, cheque retired our study astir the cheapest AI stock.