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NYSE:RNR

RenaissanceRe - RNR Stock Forecast, Price & News

$136.32
-0.97 (-0.71%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$135.87
$137.59
50-Day Range
$124.30
$157.72
52-Week Range
$124.18
$174.54
Volume
251,044 shs
Average Volume
381,004 shs
Market Capitalization
$5.96 billion
P/E Ratio
N/A
Dividend Yield
1.08%
Price Target
$180.67

RenaissanceRe MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
32.5% Upside
$180.67 Price Target
Short Interest
Healthy
1.79% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.25
Upright™ Environmental Score
News Sentiment
0.94mentions of RenaissanceRe in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$979,650 Bought Last Quarter
Proj. Earnings Growth
43.41%
From $14.65 to $21.01 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.95 out of 5 stars

Finance Sector

90th out of 926 stocks

Fire, Marine, & Casualty Insurance Industry

4th out of 50 stocks

RNR stock logo

About RenaissanceRe (NYSE:RNR) Stock

RenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The 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, including hurricanes, earthquakes, typhoons, 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, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S. multi-line reinsurance. The Casualty and Specialty segment writes various classes of products, such as directors and officers, medical malpractice, and professional indemnity; automobile and employer's liability, casualty clash, umbrella or excess casualty, workers' compensation, and general liability; financial and mortgage guaranty, political risk, surety, and trade credit; and accident and health, agriculture, aviation, cyber, energy, marine, satellite, and terrorism. The company distributes its products and services primarily through intermediaries. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of RenaissanceRe from $175.00 to $162.00 and set an "equal weight" rating on the stock in a research report on Monday, May 23rd. Jefferies Financial Group lowered shares of RenaissanceRe from a "buy" rating to a "hold" rating and reduced their target price for the stock from $173.00 to $162.00 in a research report on Tuesday, July 12th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $180.67.

RenaissanceRe Stock Down 0.7 %

RNR Stock traded down $0.97 during trading on Monday, hitting $136.32. 251,044 shares of the company's stock traded hands, compared to its average volume of 381,004. The firm has a market capitalization of $5.96 billion, a P/E ratio of -6.27 and a beta of 0.40. The business has a fifty day simple moving average of $143.33 and a two-hundred day simple moving average of $148.29. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.23. RenaissanceRe has a 1 year low of $124.18 and a 1 year high of $174.54.

RenaissanceRe (NYSE:RNR - Get Rating) last issued its quarterly earnings data on Monday, July 25th. The insurance provider reported $5.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.11 by $0.40. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.73 billion. RenaissanceRe had a negative net margin of 19.70% and a positive return on equity of 3.88%. RenaissanceRe's revenue was up 23.2% compared to the same quarter last year. During the same period last year, the company posted $5.64 earnings per share. Sell-side analysts anticipate that RenaissanceRe will post 14.65 EPS for the current year.

RenaissanceRe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.48 annualized dividend and a yield of 1.09%. RenaissanceRe's dividend payout ratio (DPR) is -6.81%.

Insider Buying and Selling at RenaissanceRe

In other RenaissanceRe news, Director David C. Bushnell sold 600 shares of the firm's stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $148.41, for a total value of $89,046.00. Following the completion of the sale, the director now directly owns 19,914 shares in the company, valued at $2,955,436.74. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Brian Gerald John Gray bought 7,500 shares of the stock in a transaction on Wednesday, August 10th. The stock was bought at an average cost of $130.62 per share, for a total transaction of $979,650.00. Following the completion of the purchase, the director now directly owns 23,621 shares in the company, valued at $3,085,375.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David C. Bushnell sold 600 shares of RenaissanceRe stock in a transaction on Friday, May 20th. The stock was sold at an average price of $148.41, for a total transaction of $89,046.00. Following the sale, the director now owns 19,914 shares of the company's stock, valued at $2,955,436.74. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

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RNR Stock News Headlines

RenaissanceRe: Q2 Earnings Snapshot - Greenwich Time
RenaissanceRe (RNR) Q2 Earnings Surpass Estimates
RenaissanceRe (RNR) Set to Announce Earnings on Monday
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RNR Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Last Earnings
7/25/2022
Today
8/15/2022
Ex-Dividend for 9/30 Dividend
9/14/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Reinsurance
Sector
Finance
CUSIP
G7496G10
Employees
649
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$180.67
High Stock Price Forecast
$218.00
Low Stock Price Forecast
$162.00
Forecasted Upside/Downside
+32.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-40,150,000.00
Pretax Margin
-23.22%

Debt

Sales & Book Value

Annual Sales
$5.28 billion
Cash Flow
$2.03 per share
Book Value
$127.65 per share

Miscellaneous

Free Float
42,962,000
Market Cap
$5.96 billion
Optionable
Optionable
Beta
0.40

Social Links


Key Executives














RNR Stock - Frequently Asked Questions

Should I buy or sell RenaissanceRe stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RenaissanceRe in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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.

What is RenaissanceRe's stock price forecast for 2022?

3 brokerages have issued twelve-month target prices for RenaissanceRe's stock. Their RNR share price forecasts range from $162.00 to $218.00. On average, they predict the company's share price to reach $180.67 in the next twelve months. This suggests a possible upside of 32.5% from the stock's current price.
View analysts price targets for RNR
or view top-rated stocks among Wall Street analysts.

How have RNR shares performed in 2022?

RenaissanceRe's stock was trading at $169.33 at the beginning of the year. Since then, RNR stock has decreased by 19.5% and is now trading at $136.32.
View the best growth stocks for 2022 here
.

When is RenaissanceRe's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our RNR earnings forecast
.

How were RenaissanceRe's earnings last quarter?

RenaissanceRe Holdings Ltd. (NYSE:RNR) posted its quarterly earnings results on Monday, July, 25th. The insurance provider reported $5.51 earnings per share for the quarter, beating analysts' consensus estimates of $5.11 by $0.40. The insurance provider earned $1.86 billion during the quarter, compared to analyst estimates of $1.73 billion. RenaissanceRe had a negative net margin of 19.70% and a positive trailing twelve-month return on equity of 3.88%. The company's quarterly revenue was up 23.2% compared to the same quarter last year. During the same period last year, the business earned $5.64 earnings per share.

How often does RenaissanceRe pay dividends? What is the dividend yield for RenaissanceRe?

RenaissanceRe declared a quarterly dividend on Tuesday, August 2nd. Investors of record on Thursday, September 15th will be given a dividend of $0.37 per share on Friday, September 30th. This represents a $1.48 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for RNR
.

Is RenaissanceRe a good dividend stock?

RenaissanceRe (NYSE:RNR) pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.08%.
Read our dividend analysis for RNR.

What is Neill A. Currie's approval rating as RenaissanceRe's CEO?

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.

What other stocks do shareholders of RenaissanceRe own?

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).

What is RenaissanceRe's stock symbol?

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

Who are RenaissanceRe's major shareholders?

RenaissanceRe's stock is owned by a number of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (2.38%), Cooke & Bieler LP (1.76%), TimesSquare Capital Management LLC (1.69%), Southeastern Asset Management Inc. TN (1.62%), ARGA Investment Management LP (1.41%) and FMR LLC (1.35%). Insiders that own company stock include Brian Gerald John Gray, David C Bushnell, Henry Klehm III, Ian D Branagan, James Christopher Fraser, Jonathan Paradine, Kevin Odonnell and Robert Qutub.
View institutional ownership trends
.

How do I buy shares of RenaissanceRe?

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.
Compare Top Brokerages Here.

What is RenaissanceRe's stock price today?

One share of RNR stock can currently be purchased for approximately $136.32.

How much money does RenaissanceRe make?

RenaissanceRe (NYSE:RNR) has a market capitalization of $5.96 billion and generates $5.28 billion in revenue each year. The insurance provider earns $-40,150,000.00 in net income (profit) each year or ($21.73) on an earnings per share basis.

How many employees does RenaissanceRe have?

The company employs 649 workers across the globe.

When was RenaissanceRe founded?

RenaissanceRe was founded in 1993.

How can I contact RenaissanceRe?

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.

This page (NYSE:RNR) was last updated on 8/15/2022 by MarketBeat.com Staff

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