RenaissanceRe Holdings Company Profile (NYSE:RNR)

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

RenaissanceRe Holdings announced a quarterly dividend on Friday, May 19th. Investors of record on Thursday, June 15th will be given a dividend of $0.32 per share on Friday, June 30th. This represents a $1.28 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, June 13th. View RenaissanceRe Holdings' Dividend History.

RenaissanceRe Holdings declared that its board has approved a share buyback plan on Sunday, June 4th 2017, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 99% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its shares are undervalued.

RenaissanceRe Holdings Ltd. (NYSE:RNR) announced its quarterly earnings results on Tuesday, July, 25th. The company reported $2.79 earnings per share for the quarter, beating the Zacks' consensus estimate of $2.33 by $0.46. The business had revenue of $555.75 million for the quarter, compared to analyst estimates of $540.65 million. RenaissanceRe Holdings had a return on equity of 8.49% and a net margin of 28.30%. The business's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $1.55 EPS. View RenaissanceRe Holdings' Earnings History.

6 equities research analysts have issued 1-year price objectives for RenaissanceRe Holdings' stock. Their forecasts range from $125.00 to $157.00. On average, they expect RenaissanceRe Holdings' share price to reach $140.13 in the next year. View Analyst Ratings for RenaissanceRe Holdings.

Here are some recent quotes from research analysts about RenaissanceRe Holdings stock:

• 1. Wells Fargo & Company 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)
• 2. According to Zacks Investment Research, "RenaissanceRe’s strength lies in its inorganic growth initiatives and efficient capital management strategies. A modest financial position has paved the way for those capital deployment activities that include share buy back programs and dividend payments at regular intervals. Moreover, over last one year , the shares have gained 22% compared with 16% increase of the Zacks categorized Property & Casualty Insurance industry. However, the company’s exposure to pricing pressures over the past few quarters due to a challenging reinsurance market has been affecting top-line growth. Also, the company's weak investment portfolio raises caution. As a property & casualty insurer, it remains exposed to catastrophe losses. The company has scheduled to report its second quarter earnings results after the market closes on Jul 25, 2017." (7/14/2017)

Some companies that are related to RenaissanceRe Holdings include Mid-America Apartment Communities (MAA), E*TRADE Financial Corporation (ETFC), Aegon NV (AEG), Regency Centers Corporation (REG), Unum Group (UNM), Alexandria Real Estate Equities (ARE), Everest Re Group (RE), CBOE Holdings (CBOE), Arthur J. Gallagher & Co. (AJG), United Dominion Realty Trust (UDR), Land Securities Group PLC (LSGOF), BanColombia S.A. (CIB), Affiliated Managers Group (AMG), Extra Space Storage (EXR), Duke Realty Corporation (DRE), Athene Holding (ATH), SL Green Realty Corporation (SLG) and Ally Financial (ALLY).

RenaissanceRe Holdings' management team includes the folowing people:

• Kevin J. O'Donnell, President, Chief Executive Officer, Director
• Robert Qutub, Chief Financial Officer, Executive Vice President
• James Christopher Fraser, Senior Vice President, Chief Accounting Officer
• Stephen H. Weinstein, Senior Vice President, Chief Compliance Officer, Group General Counsel, Corporate Secretary
• Ian D. Branagan, Senior Vice President, Group Chief Risk Officer
• Ross A. Curtis, Senior Vice President, Group Chief Underwriting Officer
• Ralph B. Levy, Non-Executive Independent Chairman of the Board
• David C. Bushnell, Independent Director
• James L. Gibbons, Independent Director
• Brian G. J. Gray, Independent Director

RenaissanceRe Holdings' stock is owned by many different of retail and institutional investors. Top institutional shareholders include APG Asset Management N.V. (1.69%), Vaughan Nelson Investment Management L.P. (0.75%), Aperio Group LLC (0.63%), Bessemer Group Inc. (0.42%), Great West Life Assurance Co. Can (0.38%) and Russell Investments Group Ltd. (0.36%). Company insiders that own RenaissanceRe Holdings stock include Aditya Dutt, Edward J Zore, Ian D Branagan, Jeffrey D Kelly, Jonathan Paradine, Kevin Odonnell, Mark Alexander Wilcox, Rider Fonner Todd, Ross Curtis, Stephen Howard Weinstein and William Francis Hagerty. View Institutional Ownership Trends for RenaissanceRe Holdings.

RenaissanceRe Holdings' stock was sold by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Bessemer Group Inc., Bank of Montreal Can, Xact Kapitalforvaltning AB, NGAM Advisors L.P., APG Asset Management N.V., NN Investment Partners Holdings N.V. and Beck Mack & Oliver LLC. Company insiders that have sold RenaissanceRe Holdings stock in the last year include Aditya Dutt, Ian D Branagan, Jeffrey D Kelly, Kevin Odonnell, Rider Fonner Todd, Ross Curtis and Stephen Howard Weinstein. View Insider Buying and Selling for RenaissanceRe Holdings.

RenaissanceRe Holdings' stock was bought by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Wealth Enhancement Advisory Services LLC, Forsta AP Fonden, Russell Investments Group Ltd., Oregon Public Employees Retirement Fund, Mn Services Vermogensbeheer B.V., ING Groep NV and Aperio Group LLC. Company insiders that have bought RenaissanceRe Holdings stock in the last two years include Edward J Zore and William Francis Hagerty. View Insider Buying and Selling for RenaissanceRe Holdings.

Shares of RenaissanceRe Holdings can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of RenaissanceRe Holdings stock can currently be purchased for approximately $143.03.