Is RENAISSANCERE HOLDINGS LTD (NYSE:RNR) suited for growth investing?

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if RENAISSANCERE HOLDINGS LTD (NYSE:RNR) is suited for growth investing. Investors should of course do their own research, but we spotted RENAISSANCERE HOLDINGS LTD showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

What matters for canslim investors.

• The recent financial report of RENAISSANCERE HOLDINGS LTD demonstrates a 41.18% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• The quarter-to-quarter (Q2Q) revenue growth of 42.35% 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.
• Over the past 3 years, RENAISSANCERE HOLDINGS LTD has demonstrated 297.0% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• The Return on Equity(ROE) of RENAISSANCERE HOLDINGS LTD is 25.47%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• The Relative Strength (RS) of RENAISSANCERE HOLDINGS LTD has consistently been strong, with a current 75.64 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. RENAISSANCERE HOLDINGS LTD demonstrates promising potential for sustained price momentum.
• RENAISSANCERE HOLDINGS LTD exhibits a favorable Debt-to-Equity ratio at 0.19. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• RENAISSANCERE HOLDINGS LTD exhibits a favorable ownership structure, with an institutional shareholder ownership of 14.66%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

Deciphering the Technical Picture of NYSE:RNR

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

We assign a technical rating of 7 out of 10 to RNR. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

• Looking at the yearly performance, RNR did better than 75% of all other stocks. We also observe that the gains produced by RNR over the past year are nicely spread over this period.
• RNR is one of the better performing stocks in the Insurance industry, it outperforms 72% of 139 stocks in the same industry.
• RNR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RNR is performing more or less in line with the market.
• The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

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

What else is there to say on the fundamentals of NYSE:RNR?

ChartMill assigns a Fundamental Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple fundamental indicators and properties.

RNR gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 139 industry peers in the Insurance industry. RNR has an average financial health and profitability rating. RNR has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination!

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

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

Disclaimer

This article should in no way be interpreted as advice. 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.