RenaissanceRe - RNR Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RenaissanceRe in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" RNR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RNR, but not buy additional shares or sell existing shares.
View RNR analyst ratings or view top-rated stocks.

4 analysts have issued 1-year target prices for RenaissanceRe's shares. Their RNR share price forecasts range from $162.00 to $245.00. On average, they expect the company's share price to reach $197.25 in the next twelve months. This suggests that the stock has a possible downside of 4.3%.
View analysts price targets for RNR or view top-rated stocks among Wall Street analysts.

RenaissanceRe's stock was trading at $184.23 on January 1st, 2023. Since then, RNR shares have increased by 11.9% and is now trading at $206.11.
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RenaissanceRe saw a decrease in short interest during the month of December. As of December 30th, there was short interest totaling 571,700 shares, a decrease of 16.6% from the December 15th total of 685,300 shares. Based on an average daily volume of 395,300 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.3% of the company's stock are sold short.
View RenaissanceRe's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our RNR earnings forecast.

RenaissanceRe Holdings Ltd. (NYSE:RNR) announced its quarterly earnings data on Wednesday, February, 1st. The insurance provider reported $7.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.58 by $0.75. The insurance provider had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.33 billion. RenaissanceRe had a negative net margin of 20.97% and a positive trailing twelve-month return on equity of 7.36%. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.71 EPS.

RenaissanceRe declared a quarterly dividend on Wednesday, November 9th. Investors of record on Thursday, December 15th will be paid a dividend of $0.37 per share on Friday, December 30th. This represents a $1.48 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Wednesday, December 14th.
Read our dividend analysis for RNR.

RenaissanceRe (NYSE:RNR) pays an annual dividend of $1.48 per share and currently has a dividend yield of 0.73%.
Read our dividend analysis for RNR.

6 employees have rated RenaissanceRe Chief Executive Officer Neill A. Currie on Glassdoor.com. Neill A. Currie has an approval rating of 100% among the company's employees. This puts Neill A. Currie in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other RenaissanceRe investors own include Advanced Micro Devices (AMD), Xilinx (XLNX), Exxon Mobil (XOM), Home Depot (HD), Verizon Communications (VZ), Bank of America (BAC), Keysight Technologies (KEYS), NVIDIA (NVDA), Fortinet (FTNT) and Intel (INTC).

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

RenaissanceRe's stock is owned by many different institutional and retail investors. Top institutional shareholders include ProShare Advisors LLC (0.54%), Nepsis Inc. (0.27%), New York State Common Retirement Fund (0.22%), Strs Ohio (0.15%), New York State Teachers Retirement System (0.10%) and Manning & Napier Group LLC (0.09%). Insiders that own company stock include Brian Gerald John Gray, David C Bushnell, Henry Klehm III, Ian D Branagan, James Christopher Fraser, Kevin Odonnell, Robert Qutub and Sean G Brosnan.
View institutional ownership trends.

Shares of RNR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RNR stock can currently be purchased for approximately $206.11.

RenaissanceRe (NYSE:RNR) has a market capitalization of $9.01 billion and generates $5.06 billion in revenue each year. The insurance provider earns $-40,150,000.00 in net income (profit) each year or ($25.63) on an earnings per share basis.

The company employs 649 workers across the globe.

RenaissanceRe's mailing address is RENAISSANCE HOUSE 12 CROW LANE, PEMBROKE D0, HM 19. The official website for the company is www.renre.com. The insurance provider can be reached via phone at (441) 295-4513, via email at investorrelations@renre.com, or via fax at 441-292-9453.