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RenaissanceRe (RNR) Stock Price, News & Analysis

$226.23
+2.88 (+1.29%)
(As of 01:57 PM ET)
Today's Range
$222.29
$226.63
50-Day Range
$192.67
$234.56
52-Week Range
$174.22
$235.14
Volume
80,904 shs
Average Volume
401,475 shs
Market Capitalization
$11.92 billion
P/E Ratio
4.42
Dividend Yield
0.67%
Price Target
$240.90

RenaissanceRe MarketRank™ Stock Analysis

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
6.4% Upside
$240.90 Price Target
Short Interest
Healthy
1.68% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.85
Upright™ Environmental Score
News Sentiment
1.64mentions of RenaissanceRe in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.17 M Sold Last Quarter
Proj. Earnings Growth
-1.51%
From $34.35 to $33.83 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.83 out of 5 stars

Finance Sector

351st out of 864 stocks

Fire, Marine, & Casualty Insurance Industry

22nd out of 50 stocks


RNR stock logo

About RenaissanceRe Stock (NYSE:RNR)

RenaissanceRe Holdings Ltd. provides reinsurance and insurance products around the world. The company was founded in 1993 and is headquartered in Bermuda with offices in Ireland, Australia, Switzerland, Singapore, and the US.

The company operates through two segments that include multiple underlying businesses and investment vehicles. The two main segments are Property and Casualty & Specialty.  The company operates through intermediaries that include DaVinci Resinsurance Inc, Top Layer Reinsurance LTD, and RennaisanceRe Syndicate 1458 among others.

Top Layer Re is the first major venture and was started in 1999. It is a joint venture with State Farm targeting high layers of the US reinsurance business. DaVinci Re was formed in the wake of 9/11 to assist with capacity and it was given added capacity in the wake of hurricanes Katrina, Rita, and Wilma. Medici was formed in 2009 and is an open-ended fund intended to spur investment in the catastrophe bond market.

The Property segment writes catastrophic insurance policies to insure insurance and reinsurance companies against natural and man-made catastrophes. These include but are not limited to hurricanes, floods, freezes, and terrorism.

The Casualty & Specialty segment provides a wide range of consumer products including business insurance, malpractice insurance, liability insurance, workers' compensation, mortgage insurance, and health insurance among others.

Among RenaissanceRe’s Specialty businesses is capital management. The firm offers 6 investment vehicles and has more than $11 billion under management making it the #1 ILS or insurance-linked asset manager in the US. In regards to its credit ratings, the firm and all of its vehicles carry an A or better rating from every credit rating agency.

 

RNR Stock Price History

RNR Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
RNR RenaissanceRe Holdings Ltd.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
RenaissanceRe Holdings Ltd RNR
Renaissancere Holdings (RNR) Receives a Hold from JMP Securities
Recap: RenaissanceRe Holdings Q4 Earnings
RenaissanceRe Q4 2023 Earnings Preview
Here's Why RenaissanceRe (RNR) is a Strong Value Stock
RenaissanceRe Holdings Ltd.
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Last Earnings
1/30/2024
Today
3/04/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Reinsurance
CUSIP
G7496G10
Employees
718
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$240.90
High Stock Price Target
$295.00
Low Stock Price Target
$175.00
Potential Upside/Downside
+7.9%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
11 Analysts

Profitability

Net Income
$2.56 billion
Pretax Margin
34.05%

Debt

Sales & Book Value

Annual Sales
$9.13 billion
Cash Flow
$33.04 per share
Book Value
$165.20 per share

Miscellaneous

Free Float
52,009,000
Market Cap
$11.77 billion
Optionable
Optionable
Beta
0.30

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RNR Stock Analysis - Frequently Asked Questions

Should I buy or sell RenaissanceRe stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RenaissanceRe in the last year. There are currently 2 sell ratings, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RNR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RNR, but not buy additional shares or sell existing shares.
View RNR analyst ratings
or view top-rated stocks.

What is RenaissanceRe's stock price target for 2024?

11 analysts have issued 12 month price targets for RenaissanceRe's stock. Their RNR share price targets range from $175.00 to $295.00. On average, they expect the company's share price to reach $240.90 in the next twelve months. This suggests a possible upside of 6.4% from the stock's current price.
View analysts price targets for RNR
or view top-rated stocks among Wall Street analysts.

How have RNR shares performed in 2024?

RenaissanceRe's stock was trading at $196.00 at the beginning of 2024. Since then, RNR stock has increased by 15.5% and is now trading at $226.38.
View the best growth stocks for 2024 here
.

Are investors shorting RenaissanceRe?

RenaissanceRe saw a increase in short interest in January. As of January 31st, there was short interest totaling 1,040,000 shares, an increase of 20.6% from the January 15th total of 862,500 shares. Based on an average daily trading volume, of 458,800 shares, the days-to-cover ratio is currently 2.3 days.
View RenaissanceRe's Short Interest
.

When is RenaissanceRe's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our RNR earnings forecast
.

How were RenaissanceRe's earnings last quarter?

RenaissanceRe Holdings Ltd. (NYSE:RNR) announced its earnings results on Tuesday, January, 30th. The insurance provider reported $11.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.13 by $3.64. The insurance provider had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.83 billion. RenaissanceRe had a net margin of 28.04% and a trailing twelve-month return on equity of 26.93%. The business's revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.33 EPS.

How often does RenaissanceRe pay dividends? What is the dividend yield for RenaissanceRe?

RenaissanceRe declared a quarterly dividend on Tuesday, February 6th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.39 per share on Friday, March 29th. This represents a $1.56 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of $0.38.
Read our dividend analysis for RNR
.

Is RenaissanceRe a good dividend stock?

RenaissanceRe (NYSE:RNR) pays an annual dividend of $1.52 per share and currently has a dividend yield of 0.68%. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 2.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RNR will have a dividend payout ratio of 4.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RNR.

What is Neill A. Currie's approval rating as RenaissanceRe's CEO?

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.

What other stocks do shareholders of RenaissanceRe own?

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).

Who are RenaissanceRe's major shareholders?

RenaissanceRe's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.88%), Capital World Investors (4.96%), Price T Rowe Associates Inc. MD (3.57%), Boston Partners (2.80%), Capital Research Global Investors (2.78%) and American International Group Inc. (2.72%). Insiders that own company stock include Brian Gerald John Gray, Carol P Sanders, David C Bushnell, David E Marra, Henry Klehm III, Ian D Branagan, James Christopher Fraser, Kevin Odonnell, Robert Qutub and Sean G Brosnan.
View institutional ownership trends
.

How do I buy shares of RenaissanceRe?

Shares of RNR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:RNR) was last updated on 3/4/2024 by MarketBeat.com Staff