Cantor Fitzgerald Comments on RenaissanceRe FY2025 Earnings

Key Points

• Cantor Fitzgerald predicts that RenaissanceRe will earn $26.53 per share for FY2025, slightly higher than the current consensus estimate of $26.04 per share.
• The company recently reported $12.29 earnings per share for its latest quarter, exceeding expectations by $2.01.
• RenaissanceRe's quarterly dividend of $0.40 per share will be paid on September 30th, reflecting an annualized yield of 0.7%.

RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) - Cantor Fitzgerald issued their FY2025 EPS estimates for shares of RenaissanceRe in a research note issued on Wednesday, August 13th. Cantor Fitzgerald analyst R. Tunis expects that the insurance provider will earn $26.53 per share for the year. Cantor Fitzgerald has a "Hold" rating on the stock. The consensus estimate for RenaissanceRe's current full-year earnings is $26.04 per share. Cantor Fitzgerald also issued estimates for RenaissanceRe's FY2026 earnings at $34.33 EPS.

RNR has been the subject of a number of other reports. Barclays upped their price objective on shares of RenaissanceRe from $256.00 to $273.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. Wells Fargo & Company reissued an "equal weight" rating and issued a $269.00 price target (up from $267.00) on shares of RenaissanceRe in a research report on Thursday, July 10th. Keefe, Bruyette & Woods increased their price target on shares of RenaissanceRe from $268.00 to $269.00 and gave the stock a "market perform" rating in a research report on Monday, July 28th. UBS Group increased their price objective on RenaissanceRe from $250.00 to $265.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Morgan Stanley lowered their price target on RenaissanceRe from $285.00 to $280.00 and set an "overweight" rating on the stock in a report on Monday, July 14th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $282.09.

RenaissanceRe Trading Up 1.7%

RNR stock traded up $4.0680 during mid-day trading on Friday, reaching $247.7080. 286,483 shares of the stock traded hands, compared to its average volume of 481,865. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23. RenaissanceRe has a 52-week low of $219.00 and a 52-week high of $300.00. The company has a market cap of $11.66 billion, a P/E ratio of 6.33, a P/E/G ratio of 2.35 and a beta of 0.29. The stock's fifty day moving average is $241.26 and its 200-day moving average is $240.18.

RenaissanceRe (NYSE:RNR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The insurance provider reported $12.29 earnings per share for the quarter, beating analysts' consensus estimates of $10.28 by $2.01. RenaissanceRe had a net margin of 15.44% and a return on equity of 15.00%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the prior year, the company earned $12.41 EPS. RenaissanceRe's revenue was down 2.4% on a year-over-year basis.

RenaissanceRe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, September 15th. RenaissanceRe's dividend payout ratio is currently 4.09%.

Institutional Investors Weigh In On RenaissanceRe

Several hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. boosted its stake in RenaissanceRe by 707.1% during the second quarter. Hantz Financial Services Inc. now owns 113 shares of the insurance provider's stock worth $27,000 after buying an additional 99 shares in the last quarter. IFP Advisors Inc boosted its stake in RenaissanceRe by 160.0% during the second quarter. IFP Advisors Inc now owns 117 shares of the insurance provider's stock worth $28,000 after buying an additional 72 shares in the last quarter. Huntington National Bank boosted its stake in RenaissanceRe by 80.9% during the second quarter. Huntington National Bank now owns 123 shares of the insurance provider's stock worth $30,000 after buying an additional 55 shares in the last quarter. Brooklyn Investment Group boosted its stake in RenaissanceRe by 151.7% during the first quarter. Brooklyn Investment Group now owns 146 shares of the insurance provider's stock worth $35,000 after buying an additional 88 shares in the last quarter. Finally, Tsfg LLC acquired a new stake in RenaissanceRe during the first quarter worth $40,000. 99.97% of the stock is owned by institutional investors.

RenaissanceRe Company Profile

RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance and excess of loss reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S.