Cantor Fitzgerald Predicts 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) - Stock analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for RenaissanceRe in a research note issued on Wednesday, August 13th. Cantor Fitzgerald analyst R. Tunis forecasts that the insurance provider will earn $26.53 per share for the year. Cantor Fitzgerald currently 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.

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

A number of other research firms have also recently commented on RNR. Barclays increased their target price on shares of RenaissanceRe from $256.00 to $273.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods raised their price objective on shares of RenaissanceRe from $268.00 to $269.00 and gave the company a "market perform" rating in a report on Monday, July 28th. Citigroup started coverage on shares of RenaissanceRe in a report on Wednesday. They issued a "buy" rating and a $288.00 price objective for the company. Morgan Stanley lowered their price target on shares of RenaissanceRe from $285.00 to $280.00 and set an "overweight" rating for the company in a report on Monday, July 14th. Finally, UBS Group raised their price target on shares of RenaissanceRe from $250.00 to $265.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $282.09.

RenaissanceRe Price Performance

Shares of RNR stock traded up $0.44 on Friday, reaching $242.72. The company had a trading volume of 76,189 shares, compared to its average volume of 483,780. The stock has a market capitalization of $11.42 billion, a PE ratio of 6.21, a price-to-earnings-growth ratio of 2.45 and a beta of 0.29. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.23. RenaissanceRe has a one year low of $219.00 and a one year high of $300.00. The business's 50-day moving average is $241.50 and its 200 day moving average is $240.21.

Institutional Trading of RenaissanceRe

A number of large investors have recently added to or reduced their stakes in RNR. Hantz Financial Services Inc. boosted its position 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 purchasing an additional 99 shares during the period. IFP Advisors Inc boosted its position 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 purchasing an additional 72 shares during the period. Huntington National Bank boosted its position in shares of RenaissanceRe by 80.9% in the second quarter. Huntington National Bank now owns 123 shares of the insurance provider's stock valued at $30,000 after acquiring an additional 55 shares during the period. Brooklyn Investment Group grew its stake in RenaissanceRe by 151.7% during the first quarter. Brooklyn Investment Group now owns 146 shares of the insurance provider's stock valued at $35,000 after acquiring an additional 88 shares in the last quarter. Finally, Tsfg LLC purchased a new position in RenaissanceRe during the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 99.97% of the company's stock.

RenaissanceRe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 15th. RenaissanceRe's dividend payout ratio (DPR) is 4.09%.

About RenaissanceRe

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.