01:15 PM EDT, 04/28/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target of $275, 7.1x our 2026 operating EPS of $38.55 vs. the one-year average forward multiple of 7.8x and peer average forward multiple of 9x. We lower our 2025 operating EPS by $7.74 to $26.59 after RNR posted a $1.49/share Q1 operating loss vs. operating EPS of $12.18. These results reflected the impact of California wildfire claims and related expenses (estimated at $750M pretax). While our view is tempered by the Q1 underwriting loss and emergence of a less robust pricing environment for certain lines of property coverage, we note management's comments on the Q1 earnings call, which emphasized RNR's limited exposure to recent geopolitical and economic events. Management also emphasized that RNR's reinsurance business is "anticorrelated to the current macroeconomic environment," and that worldwide volatility increases RNR's value proposition. Currently trading at 6.1x our 2026 EPS estimate and 8.8x our loss-impacted 2025 EPS estimate, we view the shares as undervalued versus peers.