RENAISSANCERE HOLDINGS LTD (NYSE:RNR) is a candidate for growth investors. Here's why.

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.

Looking into the growth metrics of RENAISSANCERE HOLDINGS LTD

• RENAISSANCERE HOLDINGS LTD exhibits a strong Return on Equity (ROE) of 32.19%, indicating the company's ability to generate solid returns on shareholder investments. This metric reflects the company's efficient utilization of equity capital and its profitability.
• 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.
• RENAISSANCERE HOLDINGS LTD has achieved significant 1-year revenue growth of 100.0%, signaling its ability to capture market opportunities and drive top-line expansion. This growth indicates the company's effective execution and its potential for continued success.
• The quarter-to-quarter (Q2Q) revenue growth of 25.8% 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.
• The operating margin of RENAISSANCERE HOLDINGS LTD has seen steady growth over the past year, signaling improved profitability. This trend indicates the company's effective cost management and its ability to generate higher returns.
• The free cash flow (FCF) of RENAISSANCERE HOLDINGS LTD has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.
• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), RENAISSANCERE HOLDINGS LTD highlights its ability to generate increasing profitability, showcasing a 60.57% growth.
• Analysts' average next Quarter EPS Estimate for RENAISSANCERE HOLDINGS LTD has witnessed a 4.33% change in the last 3 months, underscoring the dynamic nature of market sentiment towards the company's EPS prospects.
• In the most recent financial report, RENAISSANCERE HOLDINGS LTD reported a 60.57% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• RENAISSANCERE HOLDINGS LTD shows accelerating EPS growth: when comparing the current Q2Q growth of 60.57% to the previous year Q2Q growth of 55.63%, we see the growth rate improving.

How does the complete fundamental picture look for NYSE:RNR?

At ChartMill, a crucial aspect of their analysis is the assignment of a Fundamental Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous fundamental indicators and properties.

We assign a fundamental rating of 6 out of 10 to RNR. RNR was compared to 140 industry peers in the Insurance industry. RNR scores excellent on profitability, but there are some minor concerns on its financial health. RNR is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!

Check the latest full fundamental report of RNR for a complete fundamental analysis.

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

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.