RenaissanceRe (RNR) to Release Quarterly Earnings on Wednesday

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

RenaissanceRe (NYSE:RNR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($1.17). RenaissanceRe had a return on equity of 15.90% and a net margin of 13.26%. The firm had revenue of $3.44 billion during the quarter, compared to analysts' expectations of $3.36 billion. During the same quarter in the previous year, the business earned $12.18 earnings per share. The company's revenue for the quarter 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

Shares of NYSE:RNR traded up $3.10 during trading on Wednesday, hitting $239.10. The stock had a trading volume of 396,692 shares, compared to its average volume of 447,925. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.30. RenaissanceRe has a 12-month low of $210.51 and a 12-month high of $300.00. The stock has a 50-day simple moving average of $243.64 and a two-hundred day simple moving average of $242.08. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Friday, June 13th. RenaissanceRe's dividend payout ratio (DPR) is 5.10%.

Analyst Upgrades and Downgrades

RNR has been the subject of a number of recent analyst reports. Jefferies Financial Group cut their price objective on RenaissanceRe from $266.00 to $265.00 and set a "hold" rating for the company in a research report on Friday, April 11th. JMP Securities reaffirmed a "market perform" rating on shares of RenaissanceRe in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised RenaissanceRe from a "neutral" rating to an "overweight" rating and set a $284.00 price target on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $269.00 price target (up from $267.00) on shares of RenaissanceRe in a research note on Thursday, July 10th. Finally, Barclays raised RenaissanceRe from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $231.00 to $256.00 in a research note on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company 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 stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $249.54, for a total value of $82,847.28. Following the transaction, the chief accounting officer directly owned 27,154 shares of the company's stock, valued at approximately $6,776,009.16. This trade represents a 1.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Millennium Management LLC acquired a new position in shares of RenaissanceRe during the first quarter worth approximately $15,289,000. Goldman Sachs Group Inc. boosted its position in shares of RenaissanceRe by 72.5% during the first quarter. Goldman Sachs Group Inc. now owns 57,186 shares of the insurance provider's stock worth $13,725,000 after buying an additional 24,027 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of RenaissanceRe by 39.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,687 shares of the insurance provider's stock worth $2,325,000 after buying an additional 2,737 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of 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 period. 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.