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 Thursday, August 3rd. Shareholders of record on Friday, September 15th will be given a dividend of $0.32 per share on Friday, September 29th. This represents a $1.28 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, September 14th. View RenaissanceRe Holdings' Dividend History.

RenaissanceRe Holdings announced that its Board of Directors has authorized a share buyback program on Thursday, August 3rd 2017, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 8.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

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

RenaissanceRe Holdings is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for RenaissanceRe Holdings.

8 analysts have issued 12 month price targets for RenaissanceRe Holdings' stock. Their forecasts range from $125.00 to $165.00. On average, they expect RenaissanceRe Holdings' share price to reach $143.85 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 Iron Mountain Incorporated (IRM), Duke Realty Corporation (DRE), Land Securities Group PLC (LSGOF), United Dominion Realty Trust (UDR), Affiliated Managers Group (AMG), Grupo Aval Acciones y Valores S.A. (AVAL), XL Group (XL), Extra Space Storage (EXR), Schroders Plc (SHNWF), SL Green Realty Corporation (SLG), Daiwa Securities Group (DSEEY), Ageas SA (AGESY), SEI Investments Company (SEIC), SVB Financial Group (SIVB), Everest Re Group (RE), Torchmark Corporation (TMK), Zions Bancorporation (ZION) and KKR & Co. L.P. (KKR).

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
• Duncan P. Hennes, Director
• Valerie Rahmani, Director
• David C. Bushnell, Independent Director
• James L. Gibbons, Independent Director

RenaissanceRe Holdings' stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.83%), BlackRock Inc. (9.73%), FMR LLC (6.43%), State Street Corp (5.60%), Janus Henderson Group PLC (3.21%) and Dimensional Fund Advisors LP (3.02%). 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 FMR LLC, Schroder Investment Management Group, AJO LP, Vaughan Nelson Investment Management L.P., Franklin Resources Inc., BlackRock Inc., Bessemer Group Inc. and LSV Asset Management. Company insiders that have sold RenaissanceRe Holdings stock in the last year include Aditya Dutt, Ian D Branagan, 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 Janus Henderson Group PLC, Renaissance Technologies LLC, Wells Fargo & Company MN, Balyasny Asset Management LLC, Goldman Sachs Group Inc., The Manufacturers Life Insurance Company , KBC Group NV and Robeco Institutional Asset Management B.V.. 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 $130.38.