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Stock impact report

3 Reasons to Sell RNR and 1 Stock to Buy Instead [Yahoo! Finance]

RenaissanceRe Holdings Ltd. (RNR) 
Last renaissancere holdings ltd. earnings: 2/4 05:23 pm Check Earnings Report
US:NYSE Investor Relations: renre.com
Company Research Source: Yahoo! Finance
This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move. Is there a buying opportunity in RenaissanceRe, or does it present a risk to your portfolio? Get the full breakdown from our expert analysts, it's free for active Edge members Despite the momentum, we don't have much confidence in RenaissanceRe. Here are three reasons we avoid RNR and a stock we'd rather own. Forecasted revenues by Wall Street analysts signal a company's potential. Predictions may not always be accurate, but accelerating growth typically boosts valuation multiples and stock prices while slowing growth does the opposite. Over the next 12 months, sell-side analysts expect RenaissanceRe's revenue to drop by 3.8%, a decrease from its 23.9% annualized growth for the past two years. This projection is underwhelming and implies its products and services will face some demand challenges. Although long-term earnings trends give us the big picture, Show less Read more
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