FY2026 EPS Estimates for RenaissanceRe Boosted by Analyst

Key Points

• Cantor Fitzgerald raised their FY2026 EPS estimate for RenaissanceRe from $34.33 to $34.52, maintaining a "Hold" rating on the stock.
• RenaissanceRe recently reported $12.29 EPS for the last quarter, exceeding estimates by 20%, while facing a revenue decline of 2.4% year-over-year.
• The company declared a quarterly dividend of $0.40, resulting in an annualized dividend of $1.60 and a yield of 0.6% for shareholders.

RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) - Cantor Fitzgerald increased their FY2026 earnings per share (EPS) estimates for shares of RenaissanceRe in a report issued on Thursday, October 9th. Cantor Fitzgerald analyst R. Tunis now expects that the insurance provider will post earnings of $34.52 per share for the year, up from their previous estimate of $34.33. Cantor Fitzgerald has a "Hold" rating on the stock. The consensus estimate for RenaissanceRe's current full-year earnings is $26.04 per share.

A number of other research analysts have also weighed in on RNR. Morgan Stanley decreased their target price on shares of RenaissanceRe from $285.00 to $280.00 and set an "overweight" rating on the stock in a research note on Monday, July 14th. UBS Group lifted their price target on shares of RenaissanceRe from $265.00 to $272.00 and gave the company a "neutral" rating in a research report on Wednesday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of RenaissanceRe in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $303.00 price target on shares of RenaissanceRe in a research report on Thursday. Finally, Wolfe Research assumed coverage on shares of RenaissanceRe in a research report on Monday, September 15th. They set a "peer perform" rating on the stock. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $285.55.

RenaissanceRe Trading Down 0.9%

RNR opened at $259.67 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.36 and a quick ratio of 1.36. The company's 50 day simple moving average is $245.95 and its two-hundred day simple moving average is $243.07. RenaissanceRe has a 1-year low of $219.00 and a 1-year high of $300.00. The firm has a market capitalization of $12.22 billion, a price-to-earnings ratio of 6.63, a price-to-earnings-growth ratio of 2.55 and a beta of 0.27.

RenaissanceRe (NYSE:RNR - Get Free Report) last released its earnings results on Wednesday, July 23rd. The insurance provider reported $12.29 earnings per share for the quarter, topping 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 business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period last year, the company posted $12.41 EPS. The business's revenue was down 2.4% on a year-over-year basis.

Hedge Funds Weigh In On RenaissanceRe

Several institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. grew its stake in shares of RenaissanceRe by 10.5% in the first quarter. Advisors Asset Management Inc. now owns 441 shares of the insurance provider's stock worth $106,000 after acquiring an additional 42 shares in the last quarter. Benedict Financial Advisors Inc. grew its stake in shares of RenaissanceRe by 0.3% in the second quarter. Benedict Financial Advisors Inc. now owns 12,577 shares of the insurance provider's stock worth $3,055,000 after acquiring an additional 42 shares in the last quarter. Rossby Financial LCC grew its stake in shares of RenaissanceRe by 6.2% in the second quarter. Rossby Financial LCC now owns 845 shares of the insurance provider's stock worth $205,000 after acquiring an additional 49 shares in the last quarter. Huntington National Bank grew its stake in shares of RenaissanceRe by 80.9% in the second quarter. Huntington National Bank now owns 123 shares of the insurance provider's stock worth $30,000 after acquiring an additional 55 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of RenaissanceRe by 43.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 186 shares of the insurance provider's stock worth $45,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

RenaissanceRe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.40 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.6%. RenaissanceRe's payout ratio is 4.09%.

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.

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