RenaissanceRe (RNR) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RenaissanceRe in the last twelve months. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RNR shares.
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7 brokerages have issued 12 month target prices for RenaissanceRe's stock. Their RNR share price forecasts range from $175.00 to $266.00. On average, they predict the company's share price to reach $230.71 in the next twelve months. This suggests a possible upside of 13.9% from the stock's current price.
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RenaissanceRe's stock was trading at $184.23 at the start of the year. Since then, RNR stock has increased by 9.9% and is now trading at $202.47.
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RenaissanceRe saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 654,800 shares, an increase of 44.2% from the July 31st total of 454,000 shares. Based on an average daily trading volume, of 553,000 shares, the days-to-cover ratio is currently 1.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our RNR earnings forecast.

RenaissanceRe Holdings Ltd. (NYSE:RNR) issued its quarterly earnings results on Tuesday, July, 25th. The insurance provider reported $8.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.58 by $1.21. The insurance provider had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $1.96 billion. RenaissanceRe had a trailing twelve-month return on equity of 14.22% and a net margin of 5.60%. RenaissanceRe's revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the prior year, the firm posted $5.51 earnings per share.

RenaissanceRe declared a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Friday, September 15th will be paid a dividend of $0.38 per share on Friday, September 29th. This represents a $1.52 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for RNR.

ETFs with the largest weight of RenaissanceRe (NYSE:RNR) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), SPDR S&P Insurance ETF (KIE), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Invesco S&P MidCap Momentum ETF (XMMO), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), T. Rowe Price Small-Mid Cap ETF (TMSL), Xtrackers S&P MidCap 400 ESG ETF (MIDE) and Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM).

RenaissanceRe (NYSE:RNR) pays an annual dividend of $1.52 per share and currently has a dividend yield of 0.75%. The company has been increasing its dividend for 28 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 19.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RNR will have a dividend payout ratio of 5.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RNR.

6 employees have rated RenaissanceRe Chief Executive Officer Neill A. Currie on Glassdoor.com. Neill A. Currie has an approval rating of 100% among the company's employees. This puts Neill A. Currie in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other RenaissanceRe investors own include Advanced Micro Devices (AMD), Xilinx (XLNX), Exxon Mobil (XOM), Home Depot (HD), Verizon Communications (VZ), Bank of America (BAC), Keysight Technologies (KEYS), NVIDIA (NVDA), Fortinet (FTNT) and Intel (INTC).

RenaissanceRe trades on the New York Stock Exchange (NYSE) under the ticker symbol "RNR."

RenaissanceRe's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.80%), Capital World Investors (4.72%), State Street Corp (4.29%), Boston Partners (3.75%), Egerton Capital UK LLP (2.59%) and Bank of New York Mellon Corp (2.35%). Insiders that own company stock include Brian Gerald John Gray, Carol P Sanders, David C Bushnell, Henry Klehm III, Ian D Branagan, James Christopher Fraser, Kevin Odonnell, Robert Qutub and Sean G Brosnan.
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Shares of RNR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RNR stock can currently be purchased for approximately $202.47.

RenaissanceRe (NYSE:RNR) has a market capitalization of $10.36 billion and generates $5.06 billion in revenue each year. The insurance provider earns $-1,061,200,000.00 in net income (profit) each year or $8.00 on an earnings per share basis.

The company employs 718 workers across the globe.

RenaissanceRe's mailing address is RENAISSANCE HOUSE 12 CROW LANE, PEMBROKE D0, HM 19. The official website for the company is www.renre.com. The insurance provider can be reached via phone at (441) 295-4513, via email at investorrelations@renre.com, or via fax at 441-292-9453.