RenaissanceRe Adds Nearly $4B in Market Cap in 2024: Still a Buy?

Leading insurer RenaissanceRe Holdings Ltd. (RNR) has seen impressive gains in 2024, with shares jumping 39%, outpacing the industry's 28.1% growth and the S&P 500's 20.6% rise. It also outpaced its peers like Everest Group, Ltd. (EG) and Chubb Limited (CB) . This rally has boosted RenaissanceRe's market capitalization by $3.92 billion in 2024 alone. With this sharp rally, the question for investors is whether to ride the momentum for more potential upside or lock in profits. A deeper look at RNR's future p ...