Why RenaissanceRe (RNR) is a Top Momentum Stock for the Long-Term

Company Overview - RenaissanceRe Holdings Ltd. is primarily engaged in providing property-catastrophe reinsurance globally, focusing on excess of loss coverage for insurers and reinsurers [11] - The company also offers specialty reinsurance coverage in areas such as accident, health, aviation, and homeowners' insurance in the U.S. [11] Investment Ratings - RenaissanceRe is currently rated 3 (Hold) on the Zacks Rank, indicating a neutral outlook [12] - The company has a VGM Score of A, suggesting strong overall performance based on value, growth, and momentum [12] Performance Metrics - RenaissanceRe's shares have increased by 8.3% over the past four weeks, indicating positive momentum [12] - Six analysts have revised their earnings estimates upwards for fiscal 2024, with the Zacks Consensus Estimate rising by $1.83 to $39.01 per share [12] - The company has an average earnings surprise of 27.4%, reflecting its ability to exceed earnings expectations [12] Investment Considerations - With a solid Zacks Rank and high Momentum and VGM Style Scores, RenaissanceRe is recommended for investors looking for potential opportunities [13]