Here are three stocks with buy rank and strong value characteristics for investors to consider today, August 2nd:

RenaissanceRe Holdings Ltd. (RNR Quick QuoteRNR - Free Report) : This insurance and re-insurance company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.8% over the last 60 days.

RenaissanceRe Holdings Ltd. Price and Consensus

RenaissanceRe Holdings Ltd. price-consensus-chart | RenaissanceRe Holdings Ltd. Quote

RenaissanceRe has a price-to-earnings ratio (P/E) of 7.83, compared with 7.90 for the industry. The company possesses a Value Score of A.

RenaissanceRe Holdings Ltd. PE Ratio (TTM)

RenaissanceRe Holdings Ltd. pe-ratio-ttm | RenaissanceRe Holdings Ltd. Quote

Skechers U.S.A., Inc. : This footwear designer and manufacturer carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days.

Skechers U.S.A., Inc. Price and Consensus

Skechers U.S.A., Inc. price-consensus-chart | Skechers U.S.A., Inc. Quote

Skechers has a price-to-earnings ratio (P/E) of 16.75, compared with 21.42 for the S&P 500. The company possesses a Value Score of B.

Skechers U.S.A., Inc. PE Ratio (TTM)

Skechers U.S.A., Inc. pe-ratio-ttm | Skechers U.S.A., Inc. Quote

M.D.C. Holdings, Inc. : This homebuilding and financial services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days.

M.D.C. Holdings, Inc. Price and Consensus

M.D.C. Holdings, Inc. price-consensus-chart | M.D.C. Holdings, Inc. Quote

M.D.C. Holdings has a price-to-earnings ratio (P/E) of 14.28, compared with 21.42 for the S&P 500. The company possesses a Value Score of A.

M.D.C. Holdings, Inc. PE Ratio (TTM)

M.D.C. Holdings, Inc. pe-ratio-ttm | M.D.C. Holdings, Inc. Quote

See the full list of top ranked stocks here.

Learn more about the Value score and how it is calculated here.