NYSE:RNR - RenaissanceRe Stock Price, Price Target & More

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$124.13 +0.65 (+0.53 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$124.13
Today's Range$121.21 - $124.17
52-Week Range$116.50 - $152.00
Volume275,355 shs
Average Volume206,269 shs
Market Capitalization$4.97 billion
P/E Ratio-14.87
Dividend Yield1.07%
Beta0.51
RenaissanceRe logoRenaissanceRe 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.

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Industry, Sector and Symbol

Stock Exchange NYSE
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-14.87
Forward P/E Ratio10.94
P/E Growth1.15

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
Market Cap$4,969.52

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 announced a quarterly dividend on Monday, May 14th. Investors of record on Friday, June 15th will be paid a dividend of $0.33 per share on Friday, June 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, June 14th. View RenaissanceRe's Dividend History.

How will RenaissanceRe's stock buyback program work?

RenaissanceRe announced that its board has approved a share buyback plan on Monday, November 13th 2017, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's management 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 EPS for the quarter, topping analysts' consensus estimates of $2.62 by $0.78. The insurance provider earned $663.04 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.25 EPS. View RenaissanceRe's Earnings History.

When is RenaissanceRe's next earnings date?

RenaissanceRe is scheduled to release their next quarterly earnings announcement on Tuesday, July, 24th 2018. View Earnings Estimates for RenaissanceRe.

What price target have analysts set for RNR?

8 brokers have issued twelve-month price objectives for RenaissanceRe's stock. Their forecasts range from $125.00 to $165.00. On average, they anticipate RenaissanceRe's share price to reach $141.50 in the next year. This suggests a possible upside of 14.0% from the stock's current price. View Analyst Ratings for RenaissanceRe.

What is the consensus analysts' recommendation for RenaissanceRe?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RenaissanceRe in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

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?

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?

Media coverage about RNR stock has been trending somewhat positive this week, Accern reports. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. RenaissanceRe earned a daily sentiment score of 0.11 on Accern's scale. They also assigned news headlines about the insurance provider an impact score of 45.11 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Who are RenaissanceRe's major shareholders?

RenaissanceRe's stock is owned by a number of of retail and institutional investors. Top institutional investors include Pwmco LLC (0.21%), Bank of Montreal Can (0.09%), Assenagon Asset Management S.A. (0.07%), Moon Capital Management LLC (0.05%), Fjarde AP Fonden Fourth Swedish National Pension Fund (0.04%) and Municipal Employees Retirement System of Michigan (0.02%). 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 Fjarde AP Fonden Fourth Swedish National Pension Fund, Assenagon Asset Management S.A. and Municipal Employees Retirement System of Michigan. 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 acquired by a variety of institutional investors in the last quarter, including Pwmco LLC, Bank of Montreal Can, Campbell & CO Investment Adviser LLC, State of Alaska Department of Revenue, Hartford Investment Management Co., Moon Capital Management LLC and Daiwa SB Investments Ltd.. 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 $124.13.

How big of a company is RenaissanceRe?

RenaissanceRe has a market capitalization of $4.97 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 (NYSE RNR)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  226 (Vote Outperform)
Underperform Votes:  397 (Vote Underperform)
Total Votes:  623
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.
This page was last updated on 7/21/2018 by MarketBeat.com Staff

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