RenaissanceRe (RNR) Expected to Post Earnings on Wednesday

RenaissanceRe (NYSE:RNR - Get Free Report) will likely be releasing its earnings data after the market closes on Wednesday, April 23rd. Analysts expect RenaissanceRe to post earnings of $1.26 per share and revenue of $3.36 billion for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

RenaissanceRe (NYSE:RNR - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The insurance provider reported $8.06 EPS for the quarter, beating analysts' consensus estimates of $6.94 by $1.12. RenaissanceRe had a return on equity of 23.41% and a net margin of 15.99%. On average, analysts expect RenaissanceRe to post $26 EPS for the current fiscal year and $39 EPS for the next fiscal year.

RenaissanceRe Trading Up 1.4 %

Shares of RenaissanceRe stock traded up $3.24 on Friday, hitting $241.09. The stock had a trading volume of 429,115 shares, compared to its average volume of 417,883. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.42. RenaissanceRe has a twelve month low of $208.98 and a twelve month high of $300.00. The firm has a market capitalization of $11.81 billion, a P/E ratio of 6.88, a PEG ratio of 2.09 and a beta of 0.29. The stock has a 50 day moving average of $237.23 and a 200 day moving average of $253.17.

RenaissanceRe Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.40 per share. This is a positive change from RenaissanceRe's previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Friday, March 14th. RenaissanceRe's dividend payout ratio (DPR) is currently 4.57%.

Analyst Upgrades and Downgrades

RNR has been the subject of a number of research analyst reports. JMP Securities reiterated a "market perform" rating on shares of RenaissanceRe in a report on Thursday, January 30th. Wells Fargo & Company reduced their target price on shares of RenaissanceRe from $277.00 to $271.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Keefe, Bruyette & Woods dropped their price target on RenaissanceRe from $318.00 to $294.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 4th. Morgan Stanley decreased their price objective on RenaissanceRe from $265.00 to $245.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Finally, Jefferies Financial Group cut their target price on shares of RenaissanceRe from $266.00 to $265.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $280.80.

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.