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

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates, access to the Zacks Rank, and Style Scores [1][2] Zacks Style Scores - The Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks likely to outperform the market in the short term [2][3] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [3] Value Score - The Value Style Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales [3][4] Growth Score - The Growth Style Score assesses a company's future prospects by analyzing projected and historical earnings, sales, and cash flow [4] Momentum Score - The Momentum Style Score evaluates stocks based on price trends and earnings outlook changes, helping investors capitalize on upward or downward price movements [4] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investing strategies [5] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios [6][7] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7] Stock Analysis: RenaissanceRe (RNR) - RenaissanceRe Holdings Ltd. specializes in property-catastrophe reinsurance and offers various specialty reinsurance products [10] - RNR holds a 3 (Hold) rating on the Zacks Rank, with a VGM Score of A and a Growth Style Score of B, indicating potential for growth with a forecasted year-over-year earnings growth of 7.3% [11] - Recent upward revisions in earnings estimates suggest a positive outlook, with the Zacks Consensus Estimate increasing to $40.29 per share [11][12]