RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance coverages in the United States and internationally. Its Property segment writes property catastrophe excess of loss reinsurance and excess of loss retrocessional reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, such as earthquakes, hurricanes, and tsunamis, as well as claims arising from other natural and man-made catastrophes comprising winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, including proportional reinsurance, property per risk, property reinsurance, and binding facilities and regional U.S. multi-line reinsurance. The company's Casualty and Specialty segment writes various classes of products, such as directors and officers, and medical malpractice; automobile liability, casualty clash, employer's liability, umbrella or excess casualty, and workers' compensation; financial guaranty, mortgage guaranty, political risk, surety, and trade credit; and accident and health, agriculture, aviation, cyber, energy, marine, satellite, and terrorism. This segment also offers a range of casualty insurance products through Syndicate 1458, including general liability, medical malpractice, and professional liability. The company distributes its products and services primarily through intermediaries. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda.
Industry, Sector and Symbol
Industry Fire, marine, & casualty insurance
Sub-IndustryReinsurance
SectorFinance
SymbolNYSE:RNR
CUSIPG7496G10
Phone441-295-4513
Debt
Debt-to-Equity Ratio0.25
Current Ratio1.61
Quick Ratio1.61
Price-To-Earnings
Trailing P/E Ratio-14.82
Forward P/E Ratio11.58
P/E Growth1.22
Sales & Book Value
Annual Sales$2.10 billion
Price / Sales2.37
Cash FlowN/A
Price / CashN/A
Book Value$99.71 per share
Price / Book1.24
Profitability
EPS (Most Recent Fiscal Year)($8.35)
Net Income$-222,380,000.00
Net Margins-12.59%
Return on Equity-5.80%
Return on Assets-1.61%
Miscellaneous
Employees384
Outstanding Shares40,250,000
RenaissanceRe (NYSE:RNR) Frequently Asked Questions
What is RenaissanceRe's stock symbol?
RenaissanceRe trades on the New York Stock Exchange (NYSE) under the ticker symbol "RNR."
How often does RenaissanceRe pay dividends? What is the dividend yield for RenaissanceRe?
RenaissanceRe declared a quarterly dividend on Monday, May 14th. Investors of record on Friday, June 15th will be given a dividend of $0.33 per share on Friday, June 29th. This represents a $1.32 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Thursday, June 14th. View RenaissanceRe's Dividend History.
How will RenaissanceRe's stock buyback program work?
RenaissanceRe declared that its Board of Directors has authorized a share repurchase plan on Monday, November 13th 2017, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.
How were RenaissanceRe's earnings last quarter?
RenaissanceRe Holdings Ltd. (NYSE:RNR) issued its quarterly earnings data on Tuesday, May, 1st. The insurance provider reported $3.40 earnings per share for the quarter, beating analysts' consensus estimates of $2.62 by $0.78. The insurance provider earned $663.04 million during the quarter, compared to the consensus estimate of $644.39 million. RenaissanceRe had a negative net margin of 12.59% and a negative return on equity of 5.80%. The firm's quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.25 earnings per share. View RenaissanceRe's Earnings History.
When is RenaissanceRe's next earnings date?
What price target have analysts set for RNR?
8 analysts have issued 12 month price objectives for RenaissanceRe's stock. Their forecasts range from $125.00 to $165.00. On average, they anticipate RenaissanceRe's stock price to reach $142.1250 in the next year. View Analyst Ratings for RenaissanceRe.
What are Wall Street analysts saying about RenaissanceRe stock?
Here are some recent quotes from research analysts about RenaissanceRe stock:
- 1. According to Zacks Investment Research, "RenaissanceRe’s fourth-quarter earnings per share of $1.05 handily beat the Zacks Consensus Estimate by 38%, but declined 64% year over year due to higher expenses. The company’s consistent premium growth bolsters the revenue base. Its inorganic growth impresses. It's healthy balance sheet also remains a major positive. Although its shares have underperformed the industry in a year’s time, solid fourth-quarter results and strong fundamentals are expected to favor the stock going forward. Its weak investment portfolio has been a concern. Continuous catastrophe losses also remain a major headwind. Moreover, the company’s bottom line also suffers from continuously rising level of expenses. Increasing level of debt continues to weigh on RenaissanceRe’s margins. " (2/6/2018)
- 2. Wells Fargo & Co analysts commented, "Date and time of first dissemination: July 26, 2017, 04:00 ET Date and time of production: July 25, 2017, 21:58 ET Target Price / Valuation Methodology: QTS Realty Trust – QTS Our $62 PT reflects 19x our 2018 FFO per share estimate. Risks to achieving Target Price / Valuation: QTS Realty Trust – QTS Balancing investments across C1-C3 spectrum. With peers such as Dupont-Fabros more specialized in C1 wholesale leasing and Equinix and CoreSite largely concentrating on network-dense colocation, the QTS strategy spans both segments while also layering managed services." (7/26/2017)
Who are some of RenaissanceRe's key competitors?
Some companies that are related to RenaissanceRe include Hartford Financial Services Group (HIG), Ms&Ad Insurance Group (MSADY), Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF), Loews (L), Markel (MKL), XL Group (XL), Cna Financial (CNA), Cincinnati Financial (CINF), Arch Capital Group (ACGL), American Financial Group (AFG), Everest Re Group (RE), W. R. Berkley (WRB), Alleghany (Y), Validus (VR) and Hanover Insurance Group (THG).
Who are RenaissanceRe's key executives?
RenaissanceRe's management team includes the folowing people:
- Mr. Kevin Joseph O'Donnell, Pres, CEO & Director (Age 51)
- Mr. Robert Qutub, Exec. VP & CFO (Age 56)
- Mr. Stephen Howard Weinstein, Sr. VP, Chief Compliance Officer, Group Gen. Counsel & Corp. Sec. (Age 49)
- Mr. Ross Arthur Curtis, Sr. VP & Group Chief Underwriting Officer (Age 45)
- Mr. Ian D. Branagan, Sr. VP & Group Chief Risk Officer (Age 50)
Has RenaissanceRe been receiving favorable news coverage?
News headlines about RNR stock have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RenaissanceRe earned a coverage optimism score of 0.03 on Accern's scale. They also gave news stories about the insurance provider an impact score of 44.92 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
Who are RenaissanceRe's major shareholders?
RenaissanceRe's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.71%), Lord Abbett & CO. LLC (3.69%), Dimensional Fund Advisors LP (2.37%), Cooke & Bieler LP (1.87%), JPMorgan Chase & Co. (1.60%) and Victory Capital Management Inc. (1.56%). Company insiders that own RenaissanceRe stock include Aditya Dutt, Ian D Branagan, Jeffrey D Kelly, Kevin Odonnell, Rider Fonner Todd, Ross Curtis, Sean G Brosnan and Stephen Howard Weinstein. View Institutional Ownership Trends for RenaissanceRe.
Which institutional investors are selling RenaissanceRe stock?
RNR stock was sold by a variety of institutional investors in the last quarter, including Cooke & Bieler LP, Northern Trust Corp, Wells Fargo & Company MN, Dimensional Fund Advisors LP, Robeco Institutional Asset Management B.V., Aperio Group LLC, Neuberger Berman Group LLC and Hsbc Holdings PLC. Company insiders that have sold RenaissanceRe company stock in the last year include Kevin Odonnell, Ross Curtis and Sean G Brosnan. View Insider Buying and Selling for RenaissanceRe.
Which institutional investors are buying RenaissanceRe stock?
RNR stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Russell Investments Group Ltd., Lord Abbett & CO. LLC, JPMorgan Chase & Co., ARGA Investment Management LP, American Century Companies Inc., BlackRock Inc. and Great Lakes Advisors LLC. View Insider Buying and Selling for RenaissanceRe.
How do I buy shares of RenaissanceRe?
Shares of RNR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is RenaissanceRe's stock price today?
One share of RNR stock can currently be purchased for approximately $123.77.
How big of a company is RenaissanceRe?
RenaissanceRe has a market capitalization of $4.99 billion and generates $2.10 billion in revenue each year. The insurance provider earns $-222,380,000.00 in net income (profit) each year or ($8.35) on an earnings per share basis. RenaissanceRe employs 384 workers across the globe.
How can I contact RenaissanceRe?
RenaissanceRe's mailing address is RENAISSANCE HOUSE 12 CROW LANE, PEMBROKE D0, HM 19. The insurance provider can be reached via phone at 441-295-4513 or via email at [email protected]
MarketBeat Community Rating for RenaissanceRe (RNR)
MarketBeat's community ratings are surveys of what our community members think about RenaissanceRe and other stocks. Vote "Outperform" if you believe RNR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RNR will underperform the S&P 500 over the long term. You may vote once every thirty days.
