5 High Growth Low PE Stocks

2. Renaissancere Holdings Ltd (NYSE:RNR)

Number of Hedge Fund Investors: 41

Citi Research in November published a list of financial stocks in the S&P 500 which are strong Buy and have strong expected total returns. Renaissancere Holdings Ltd (NYSE:RNR) made it to the list, with 26% expected total returns.

TimesSquare Capital U.S. Mid Cap Growth Strategy made the following comment about RenaissanceRe Holdings Ltd. (NYSE:RNR) in its Q3 2023 investor letter:

“In Financials, we prefer well-placed insurance companies and niche businesses while tending to avoid banks which face credit deterioration and rising deposit costs. RenaissanceRe Holdings Ltd. (NYSE:RNR), a provider of reinsurance and insurance products, surged ahead by 6%. Its second quarter numbers were solid across underwriting, property catastrophe premiums, investment income, and fee income. While there was an impact from severe storms during the quarter, RenRe’s losses were modest.”