Reinsurance
Everest Group Ltd (EG)
BUY. 12-month probability-weighted target $444 (+21% vs spot). Gross Margin explains 52% of Monte Carlo outcome variance.
MGIC Investment Corp (MTG)
HOLD. 12-month probability-weighted target $29 (+6% vs spot). P/E Multiple explains 90% of Monte Carlo outcome variance.
Renaissancere Holdings Ltd (RNR)
HOLD. 12-month probability-weighted target $301 (-9% vs spot). P/E Multiple explains 57% of Monte Carlo outcome variance.
Reinsurance Group of America (RGA)
HOLD. 12-month probability-weighted target $235 (-8% vs spot). Gross Margin explains 66% of Monte Carlo outcome variance.