Should You Buy, Sell or Hold RenaissanceRe Stock at a 1.34X P/B?

RenaissanceRe Holdings Ltd. (RNR) is currently trading at a discount compared to the industry average. The stock is currently trading at 1.34X, trailing 12-month tangible book value, which compares to 1.57X for the industry, indicating undervaluation. The company has a Value Score of B.Image Source: Zacks Investment ResearchIn the past three months, RNR has delivered 5.9% growth, outperforming the industry’s 2.8% growth. The company’s price performance also outperformed its peers, such as First American Fin ...