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NYSE:RNR

RenaissanceRe - RNR Stock Forecast, Price & News

$130.92
+2.19 (+1.70%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$129.57
$131.20
50-Day Range
$124.30
$157.72
52-Week Range
$124.18
$174.54
Volume
260,919 shs
Average Volume
381,010 shs
Market Capitalization
$5.72 billion
P/E Ratio
N/A
Dividend Yield
1.15%
Price Target
$180.67

RenaissanceRe MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
38.0% 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
0.41mentions of RenaissanceRe in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$89,046 Sold 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.

2.78 out of 5 stars

Finance Sector

316th out of 904 stocks

Fire, Marine, & Casualty Insurance Industry

15th out of 52 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

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

RenaissanceRe Price Performance

Shares of RenaissanceRe stock traded up $2.19 during trading hours on Wednesday, reaching $130.92. 260,919 shares of the company's stock were exchanged, compared to its average volume of 381,010. RenaissanceRe has a 1 year low of $124.18 and a 1 year high of $174.54. The company has a market capitalization of $5.72 billion, a P/E ratio of -6.03 and a beta of 0.40. The business has a fifty day moving average of $144.71 and a two-hundred day moving average of $149.07. 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 (NYSE:RNR - Get Rating) last released its earnings results on Monday, July 25th. The insurance provider reported $5.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.11 by $0.40. RenaissanceRe had a negative net margin of 19.70% and a positive return on equity of 3.88%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the firm earned $5.64 earnings per share. The company's revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, research analysts predict that RenaissanceRe will post 14.65 earnings per share for the current fiscal year.

RenaissanceRe Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Wednesday, September 14th. RenaissanceRe's payout ratio is -6.81%.

Insider Transactions at RenaissanceRe

In related news, Director David C. Bushnell sold 600 shares of the company's stock in a transaction dated 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 owns 19,914 shares of the company's stock, valued at $2,955,436.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.70% of the company's stock.

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RNR Stock News Headlines

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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
8/10/2022
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
+38.0%
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
$2.13 per share
Book Value
$127.65 per share

Miscellaneous

Free Float
42,962,000
Market Cap
$5.72 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 year. 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 1-year target prices for RenaissanceRe's shares. Their RNR share price forecasts range from $162.00 to $218.00. On average, they expect the company's stock price to reach $180.67 in the next twelve months. This suggests a possible upside of 38.6% 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 23.0% and is now trading at $130.32.
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) issued its quarterly earnings results on Monday, July, 25th. The insurance provider reported $5.51 EPS for the quarter, beating the consensus estimate of $5.11 by $0.40. The insurance provider 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 trailing twelve-month return on equity of 3.88%. RenaissanceRe's quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the company 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 paid a dividend of $0.37 per share on Friday, September 30th. This represents a $1.48 annualized dividend and a yield of 1.14%. The ex-dividend date 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 1.16%.
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 many different institutional and retail investors. Top institutional shareholders include Cooke & Bieler LP (1.76%), TimesSquare Capital Management LLC (1.69%), ARGA Investment Management LP (1.41%), Jennison Associates LLC (1.23%), ProShare Advisors LLC (0.37%) and Royce & Associates LP (0.36%). Insiders that own company stock include 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 $130.32.

How much money does RenaissanceRe make?

RenaissanceRe (NYSE:RNR) has a market capitalization of $5.70 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 8/10/2022 by MarketBeat.com Staff

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