RenaissanceRe Holdings Company Profile (NYSE:RNR)

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

RenaissanceRe Holdings declared a quarterly dividend on Friday, May 19th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.32 per share on Friday, June 30th. This represents a $1.28 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Tuesday, June 13th. View RenaissanceRe Holdings' Dividend History.

RenaissanceRe Holdings announced that its board has authorized a stock buyback program on Sunday, June 4th 2017, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 99% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board believes its shares are undervalued.

RenaissanceRe Holdings Ltd. (NYSE:RNR) posted its quarterly earnings data on Tuesday, July, 25th. The company reported $2.79 EPS for the quarter, beating the consensus estimate of $2.33 by $0.46. The company earned $555.75 million during the quarter, compared to the consensus estimate of $540.65 million. RenaissanceRe Holdings had a net margin of 26.68% and a return on equity of 7.55%. RenaissanceRe Holdings's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.55 earnings per share. View RenaissanceRe Holdings' Earnings History.

6 brokers have issued twelve-month price objectives for RenaissanceRe Holdings' shares. Their predictions range from $125.00 to $157.00. On average, they expect RenaissanceRe Holdings' stock price to reach $140.16 in the next twelve months. 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), Fairfax Financial Holdings (FRFHF), Everest Re Group (RE), Arthur J. Gallagher & Co. (AJG), CBOE Holdings (CBOE), United Dominion Realty Trust (UDR), Land Securities Group PLC (LSGOF), BanColombia S.A. (CIB), Affiliated Managers Group (AMG), Ally Financial (ALLY), Duke Realty Corporation (DRE), Extra Space Storage (EXR) and Athene Holding (ATH).

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 a number of 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%), Russell Investments Group Ltd. (0.36%), Marathon Asset Management LLP (0.34%) and Dalton Greiner Hartman Maher & Co. (0.28%). 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., Bank of Montreal Can, Xact Kapitalforvaltning AB, APG Asset Management N.V., NN Investment Partners Holdings N.V., Beck Mack & Oliver LLC, Assenagon Asset Management S.A. and Municipal Employees Retirement System of Michigan. 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 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, Aperio Group LLC and Oakbrook Investments 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 $147.45.