RenaissanceRe - RNR Stock Forecast, Price & News

3 Wall Street 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 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.

3 equities research analysts have issued 12-month price objectives for RenaissanceRe's stock. Their RNR share price forecasts range from $162.00 to $200.00. On average, they expect the company's stock price to reach $185.67 in the next twelve months. This suggests that the stock has a possible downside of 0.8%.
View analysts price targets for RNR or view top-rated stocks among Wall Street analysts.

RenaissanceRe's stock was trading at $169.33 at the beginning of 2022. Since then, RNR stock has increased by 10.5% and is now trading at $187.16.
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RenaissanceRe saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,000,000 shares, an increase of 40.9% from the October 31st total of 709,600 shares. Based on an average daily trading volume, of 488,200 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.3% of the shares of the company are sold short.
View RenaissanceRe's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 24th 2023.
View our RNR earnings forecast.

RenaissanceRe Holdings Ltd. (NYSE:RNR) issued its earnings results on Sunday, October, 24th. The insurance provider reported ($8.98) earnings per share for the quarter, beating analysts' consensus estimates of ($9.38) by $0.40. The insurance provider earned $1.59 billion during the quarter, compared to analysts' expectations of $1.09 billion. RenaissanceRe had a negative net margin of 29.35% and a positive trailing twelve-month return on equity of 4.76%. During the same period in the previous year, the business posted ($2.64) earnings per share.

RenaissanceRe announced a quarterly dividend on Wednesday, November 9th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.37 per share on Friday, December 30th. This represents a $1.48 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend 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 0.80%.
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 investors include Vanguard Group Inc. (10.34%), BlackRock Inc. (8.90%), Price T Rowe Associates Inc. MD (8.44%), State Street Corp (5.48%), Boston Partners (3.80%) and Bank of New York Mellon Corp (1.99%). Insiders that own company stock include Brian Gerald John Gray, David C Bushnell, Henry Klehm III, Ian D Branagan, James Christopher Fraser, Kevin Odonnell and Robert Qutub.
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 $187.16.

RenaissanceRe (NYSE:RNR) has a market capitalization of $8.18 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 ($31.25) 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.