RenaissanceRe FY2025 EPS Estimate Boosted by Zacks Research

Key Points

• Zacks Research has increased its FY2025 earnings per share estimate for RenaissanceRe to $22.16, up from a previous estimate of $21.60, while the consensus estimate remains higher at $26.04 per share.
• RenaissanceRe reported quarterly earnings of $12.29 per share, surpassing analysts' expectations of $10.28, but its revenue of $2.77 billion fell short of the expected $2.96 billion.
• The company declared a quarterly dividend of $0.40 per share, reflecting an annualized dividend of $1.60 and a dividend yield of 0.7%, with the payment scheduled for September 30th.

RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) - Equities research analysts at Zacks Research lifted their FY2025 earnings per share (EPS) estimates for RenaissanceRe in a report released on Tuesday, August 5th. Zacks Research analyst K. Dey now forecasts that the insurance provider will earn $22.16 per share for the year, up from their prior forecast of $21.60. The consensus estimate for RenaissanceRe's current full-year earnings is $26.04 per share. Zacks Research also issued estimates for RenaissanceRe's Q4 2025 earnings at $7.00 EPS, Q1 2026 earnings at $9.08 EPS, Q2 2026 earnings at $11.83 EPS, Q3 2026 earnings at $6.19 EPS, Q4 2026 earnings at $8.45 EPS, Q1 2027 earnings at $9.64 EPS and Q2 2027 earnings at $13.33 EPS.

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. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.96 billion. RenaissanceRe had a return on equity of 15.00% and a net margin of 15.44%. RenaissanceRe's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $12.41 EPS.

RNR has been the subject of a number of other research reports. JMP Securities restated a "market perform" rating on shares of RenaissanceRe in a research report on Thursday, April 24th. Jefferies Financial Group dropped their target price on RenaissanceRe from $266.00 to $265.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Keefe, Bruyette & Woods boosted their price objective on RenaissanceRe from $268.00 to $269.00 and gave the company a "market perform" rating in a research report on Monday, July 28th. UBS Group boosted their price objective on RenaissanceRe from $250.00 to $265.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and issued a $269.00 price objective (up previously from $267.00) on shares of RenaissanceRe in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, RenaissanceRe currently has an average rating of "Hold" and an average price target of $287.50.

RenaissanceRe Price Performance

NYSE:RNR traded up $0.88 during mid-day trading on Friday, reaching $240.39. The stock had a trading volume of 266,199 shares, compared to its average volume of 517,462. The firm has a 50 day moving average price of $242.05 and a two-hundred day moving average price of $240.52. The stock has a market capitalization of $11.32 billion, a P/E ratio of 6.14, a P/E/G ratio of 2.41 and a beta of 0.29. RenaissanceRe has a one year low of $219.00 and a one year high of $300.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.36 and a current ratio of 1.36.

Hedge Funds Weigh In On RenaissanceRe

Several hedge funds have recently made changes to their positions in RNR. LPL Financial LLC increased its stake in shares of RenaissanceRe by 1.4% during the fourth quarter. LPL Financial LLC now owns 7,125 shares of the insurance provider's stock valued at $1,773,000 after buying an additional 98 shares during the period. Franklin Resources Inc. purchased a new stake in RenaissanceRe in the fourth quarter worth $1,086,000. Trexquant Investment LP purchased a new stake in RenaissanceRe in the fourth quarter worth $561,000. Resona Asset Management Co. Ltd. purchased a new stake in RenaissanceRe in the fourth quarter worth $1,987,000. Finally, Aviva PLC grew its stake in RenaissanceRe by 115.8% in the fourth quarter. Aviva PLC now owns 4,210 shares of the insurance provider's stock worth $1,047,000 after purchasing an additional 2,259 shares during the period. 99.97% of the stock is owned by hedge funds and other institutional investors.

RenaissanceRe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. RenaissanceRe's payout ratio 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.