Why NYSE:RNR qualifies as a high growth stock.

In this article we will dive into RENAISSANCERE HOLDINGS LTD (NYSE:RNR) as a possible candidate for growth investing. Investors should always do their own research, but we noticed RENAISSANCERE HOLDINGS LTD showing up in our Louis Navellier growth screen, which makes it worth to investigate a bit more.

Some of the growth metrics of NYSE:RNR highlighted

• With a solid Return on Equity (ROE) of 25.54%, RENAISSANCERE HOLDINGS LTD exemplifies its ability to generate favorable returns on shareholder investments. This metric demonstrates the company's commitment to maximizing shareholder value.
• With a track record of beating EPS estimates in the last 4 quarters, RENAISSANCERE HOLDINGS LTD showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.
• With impressive 1-year revenue growth of 116.0%, RENAISSANCERE HOLDINGS LTD showcases its ability to generate increased sales and revenue. This growth highlights the company's strong customer demand and its effective business strategies.
• The quarter-to-quarter (Q2Q) revenue growth of 56.05% of RENAISSANCERE HOLDINGS LTD has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and drive revenue growth.
• RENAISSANCERE HOLDINGS LTD has shown positive growth in its operating margin over the past year, indicating improved operational efficiency. This growth highlights the company's ability to effectively manage costs and maximize profitability.
• RENAISSANCERE HOLDINGS LTD has shown positive growth in its free cash flow (FCF) over the past year, indicating improved cash generation and financial strength. This growth highlights the company's ability to effectively manage its cash flows and generate surplus funds.
• In the most recent financial report, RENAISSANCERE HOLDINGS LTD reported a 190.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• The average next Quarter EPS Estimate by analysts was adjusted by 5.52%, reflecting the evolving market expectations for the company's EPS growth.
• The quarterly earnings of RENAISSANCERE HOLDINGS LTD have shown a 190.0% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• The earnings per share (EPS) growth of RENAISSANCERE HOLDINGS LTD are accelerating: the current Q2Q growth of 190.0% is above the previous year Q2Q growth of -3.23%. Earnings momentum and acceleration are key for high growth systems.

Zooming in on the fundamentals.

ChartMill employs a sophisticated system to assign a Fundamental Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple fundamental indicators and properties.

Taking everything into account, RNR scores 6 out of 10 in our fundamental rating. RNR was compared to 142 industry peers in the Insurance industry. Both the profitability and the financial health of RNR get a neutral evaluation. Nothing too spectacular is happening here. RNR has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! These ratings would make RNR suitable for value and growth investing!

For an up to date full fundamental analysis you can check the fundamental report of RNR

Our Lois Navellier screen will find you more ideas suited for growth investing.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.