RenaissanceRe (RNR) to Release Quarterly Earnings on Wednesday

RenaissanceRe (NYSE:RNR - Get Free Report) is expected to be posting its Q2 2025 quarterly earnings results after the market closes on Wednesday, July 23rd. Analysts expect RenaissanceRe to post earnings of $10.17 per share and revenue of $2.96 billion for the quarter.

RenaissanceRe (NYSE:RNR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported ($1.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.32) by ($1.17). RenaissanceRe had a return on equity of 15.90% and a net margin of 13.26%. The company had revenue of $3.44 billion during the quarter, compared to analysts' expectations of $3.36 billion. During the same period last year, the firm posted $12.18 earnings per share. RenaissanceRe's quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts expect RenaissanceRe to post $26 EPS for the current fiscal year and $39 EPS for the next fiscal year.

RenaissanceRe Stock Performance

RenaissanceRe stock traded down $3.11 during midday trading on Friday, reaching $235.89. The stock had a trading volume of 347,357 shares, compared to its average volume of 449,429. RenaissanceRe has a 12 month low of $210.51 and a 12 month high of $300.00. The firm's 50-day moving average price is $242.92 and its 200 day moving average price is $241.90. The firm has a market capitalization of $11.48 billion, a PE ratio of 7.52, a P/E/G ratio of 2.80 and a beta of 0.30. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.29.

RenaissanceRe Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Friday, June 13th. RenaissanceRe's dividend payout ratio is currently 5.10%.

Analyst Upgrades and Downgrades

RNR has been the topic of several research analyst reports. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $268.00 price objective (down from $282.00) on shares of RenaissanceRe in a research report on Wednesday, July 9th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $269.00 target price (up previously from $267.00) on shares of RenaissanceRe in a research note on Thursday, July 10th. Morgan Stanley cut their target price on RenaissanceRe from $285.00 to $280.00 and set an "overweight" rating for the company in a research note on Monday, July 14th. Jefferies Financial Group cut their target price on RenaissanceRe from $266.00 to $265.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. raised RenaissanceRe from a "neutral" rating to an "overweight" rating and set a $284.00 target price for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, RenaissanceRe presently has an average rating of "Hold" and a consensus target price of $288.00.

Insider Activity

In related news, CAO James Christopher Fraser sold 332 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $249.54, for a total transaction of $82,847.28. Following the completion of the sale, the chief accounting officer directly owned 27,154 shares in the company, valued at $6,776,009.16. This represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.30% of the company's stock.

Institutional Trading of RenaissanceRe

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its stake in RenaissanceRe by 900.0% during the first quarter. Jones Financial Companies Lllp now owns 1,350 shares of the insurance provider's stock worth $324,000 after buying an additional 1,215 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in RenaissanceRe by 39.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,687 shares of the insurance provider's stock worth $2,325,000 after acquiring an additional 2,737 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in RenaissanceRe by 72.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 57,186 shares of the insurance provider's stock worth $13,725,000 after purchasing an additional 24,027 shares during the period. Finally, Millennium Management LLC purchased a new stake in RenaissanceRe during the 1st quarter worth about $15,289,000. Institutional investors and hedge funds own 99.97% of the company's stock.

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.