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NYSE:RNR

RenaissanceRe - RNR Stock Forecast, Price & News

$188.75
+1.59 (+0.85%)
(As of 11/30/2022 03:59 PM ET)
Add
Compare
Today's Range
$185.45
$189.07
50-Day Range
$128.74
$187.16
52-Week Range
$124.18
$188.16
Volume
10,871 shs
Average Volume
461,858 shs
Market Capitalization
$8.25 billion
P/E Ratio
N/A
Dividend Yield
0.80%
Price Target
$180.33

RenaissanceRe MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
1.6% Downside
$185.67 Price Target
Short Interest
Healthy
2.33% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.28mentions of RenaissanceRe in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
447.18%
From $3.90 to $21.34 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.92 out of 5 stars

Finance Sector

746th out of 907 stocks

Fire, Marine, & Casualty Insurance Industry

36th out of 48 stocks

RNR stock logo

About RenaissanceRe (NYSE:RNR) Stock

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.

 

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RNR Stock News Headlines

RenaissanceRe (NYSE:RNR) Downgraded to Sell at StockNews.com
RenaissanceRe (NYSE:RNR) Rating Increased to Hold at StockNews.com
RenaissanceRe (RNR) Rises 17.5% Despite Q3 Earnings Miss
See More Headlines
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RNR Company Calendar

Last Earnings
10/24/2021
Ex-Dividend for 9/30 Dividend
9/14/2022
Dividend Payable
9/30/2022
Today
11/30/2022
Ex-Dividend for 12/30 Dividend
12/14/2022
Dividend Payable
12/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/24/2023

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Reinsurance
Sector
Finance
CUSIP
G7496G10
Employees
649
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$185.67
High Stock Price Forecast
$200.00
Low Stock Price Forecast
$162.00
Forecasted Upside/Downside
-4.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-40,150,000.00
Pretax Margin
-36.41%

Debt

Sales & Book Value

Annual Sales
$5.28 billion
Cash Flow
$2.08 per share
Book Value
$94.55 per share

Miscellaneous

Free Float
42,959,000
Market Cap
$8.25 billion
Optionable
Optionable
Beta
0.36

Social Links


Key Executives

  • Mr. Kevin Joseph O'Donnell (Age 55)
    Pres, CEO & Director
    Comp: $4.19M
  • Mr. Robert  QutubMr. Robert Qutub (Age 60)
    Exec. VP & CFO
    Comp: $2.07M
  • Mr. Sean G. Brosnan C.F.A. (Age 46)
    Chief Investment Officer & Sr. VP
    Comp: $1.16M
  • Mr. Ross Arthur Curtis (Age 49)
    Exec. VP & Group Chief Underwriting Officer
    Comp: $1.92M
  • Mr. Ian D. BranaganMr. Ian D. Branagan (Age 54)
    Exec. VP & Group Chief Risk Officer
    Comp: $1.62M
  • Mr. James Christopher Fraser (Age 46)
    Chief Accounting Officer & Sr. VP
  • Mr. Blythe Walker
    Sr. VP & CTO
  • Mr. Keith Alfred McCue
    Sr. VP of Fin. & Investor Relations
  • Ms. Shannon Lowry Bender (Age 55)
    Exec. VP, Group Gen. Counsel & Corp. Sec.
  • Ms. Keil Gunther (Age 49)
    Sr. VP, Head of Global Marketing & Client Communications













RNR Stock - Frequently Asked Questions

Should I buy or sell RenaissanceRe stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RenaissanceRe in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 forecast for 2023?

3 equities research analysts have issued 12-month price objectives for RenaissanceRe's stock. Their RNR share price forecasts range from $162.00 to $200.00. On average, they expect the company's stock price to reach $185.67 in the next twelve months. This suggests that the stock has a possible downside of 0.8%.
View analysts price targets for RNR
or view top-rated stocks among Wall Street analysts.

How have RNR shares performed in 2022?

RenaissanceRe's stock was trading at $169.33 at the beginning of 2022. Since then, RNR stock has increased by 10.5% and is now trading at $187.16.
View the best growth stocks for 2022 here
.

Are investors shorting RenaissanceRe?

RenaissanceRe saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,000,000 shares, an increase of 40.9% from the October 31st total of 709,600 shares. Based on an average daily trading volume, of 488,200 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.3% of the shares of the company are sold short.
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, January 24th 2023.
View our RNR earnings forecast
.

How were RenaissanceRe's earnings last quarter?

RenaissanceRe Holdings Ltd. (NYSE:RNR) issued its earnings results on Sunday, October, 24th. The insurance provider reported ($8.98) earnings per share for the quarter, beating analysts' consensus estimates of ($9.38) by $0.40. The insurance provider earned $1.59 billion during the quarter, compared to analysts' expectations of $1.09 billion. RenaissanceRe had a negative net margin of 29.35% and a positive trailing twelve-month return on equity of 4.76%. During the same period in the previous year, the business posted ($2.64) earnings per share.

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

RenaissanceRe announced a quarterly dividend on Wednesday, November 9th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.37 per share on Friday, December 30th. This represents a $1.48 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, December 14th.
Read our dividend analysis for RNR
.

Is RenaissanceRe a good dividend stock?

RenaissanceRe (NYSE:RNR) pays an annual dividend of $1.48 per share and currently has a dividend yield of 0.80%.
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).

What is RenaissanceRe's stock symbol?

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

Who are RenaissanceRe's major shareholders?

RenaissanceRe's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.34%), BlackRock Inc. (8.90%), Price T Rowe Associates Inc. MD (8.44%), State Street Corp (5.48%), Boston Partners (3.80%) and Bank of New York Mellon Corp (1.99%). Insiders that own company stock include Brian Gerald John Gray, David C Bushnell, Henry Klehm III, Ian D Branagan, James Christopher Fraser, Kevin Odonnell and Robert Qutub.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is RenaissanceRe's stock price today?

One share of RNR stock can currently be purchased for approximately $187.16.

How much money does RenaissanceRe make?

RenaissanceRe (NYSE:RNR) has a market capitalization of $8.18 billion and generates $5.28 billion in revenue each year. The insurance provider earns $-40,150,000.00 in net income (profit) each year or ($31.25) on an earnings per share basis.

How many employees does RenaissanceRe have?

The company employs 649 workers across the globe.

How can I contact RenaissanceRe?

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.

This page (NYSE:RNR) was last updated on 11/30/2022 by MarketBeat.com Staff