NYSE:RNRRenaissanceRe Stock Price, Forecast & News

$166.20

-1.66 (-0.99 %)

(As of 06/1/2020 09:59 AM ET)

Add

Compare

Today's Range

$166.02

Now: $166.20▼

$166.81

50-Day Range

$140.92

MA: $157.03▼

$172.26

52-Week Range

$113.27

Now: $166.20▼

$202.68

Volume542 shs

Average Volume415,293 shs

Market Capitalization$7.32 billion

P/E Ratio20.62

Dividend Yield0.83%

Beta0.43

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 earthquakes, hurricanes, 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, and 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.

Beat the Market (BTM) Rank^™

2.1 Analyst's Opinion

Consensus Rating
RenaissanceRe has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 2 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $186.43, RenaissanceRe has a potential upside of 12.2% from its current price of $166.20.
Amount of Analyst Coverage
RenaissanceRe has only been the subject of 4 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
RenaissanceRe has received 337 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
RenaissanceRe has received 541 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
RenaissanceRe has received 61.62% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about RenaissanceRe and other stocks. Vote “Outperform” if you believe RNR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe RNR will underperform the S&P 500 over the long term. You may vote once every thirty days.

5.0 Dividend Strength

Dividend Leadership
RenaissanceRe is a leading dividend payer. It pays a dividend yield of 0.83%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
RenaissanceRe has been increasing its dividend for 15 years.
Dividend Coverage
The dividend payout ratio of RenaissanceRe is 15.33 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, RenaissanceRe will have a dividend payout ratio of 9.71 % next year. This indicates that RenaissanceRe will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, RenaissanceRe insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.60% of the stock of RenaissanceRe is held by insiders.
Percentage Held by Institutions
91.50% of the stock of RenaissanceRe is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for RenaissanceRe are expected to grow by 62.39% in the coming year, from $8.88 to $14.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of RenaissanceRe is 20.62, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.37.
Price to Earnings Ratio vs. Sector
The P/E ratio of RenaissanceRe is 20.62, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 18.66.
Price to Book Value per Share Ratio
RenaissanceRe has a P/B Ratio of 1.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.37 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Fire, marine, & casualty insurance

Sub-IndustryReinsurance

SectorFinance

Current SymbolNYSE:RNR

Previous Symbol

CUSIPG7496G10

CIK913144

Webwww.renre.com

Phone441-295-4513

Debt

Debt-to-Equity Ratio0.22

Current Ratio1.50

Quick Ratio1.50

Price-To-Earnings

Trailing P/E Ratio20.62

Forward P/E Ratio18.72

P/E GrowthN/A

Sales & Book Value

Annual Sales$4.20 billion

Price / Sales1.74

Cash Flow$8.54 per share

Price / Cash Flow19.47

Book Value$120.53 per share

Price / Book1.38

Profitability

EPS (Most Recent Fiscal Year)$9.13

Net Income$748.80 million

Net Margins9.16%

Return on Equity6.06%

Return on Assets1.21%

Miscellaneous

EmployeesN/A

Outstanding Shares44,030,000

Market Cap$7.32 billion

Next Earnings Date7/28/2020 (Estimated)

OptionableOptionable

Receive RNR News and Ratings via Email

Sign-up to receive the latest news and ratings for RNR and its competitors with MarketBeat's FREE daily newsletter.

RenaissanceRe (NYSE:RNR) Frequently Asked Questions

How has RenaissanceRe's stock been impacted by COVID-19 (Coronavirus)?

RenaissanceRe's stock was trading at $155.96 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, RNR shares have increased by 6.6% and is now trading at $166.20. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of RenaissanceRe?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RenaissanceRe in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for RenaissanceRe.

When is RenaissanceRe's next earnings date?

RenaissanceRe is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for RenaissanceRe.

How were RenaissanceRe's earnings last quarter?

RenaissanceRe Holdings Ltd. (NYSE:RNR) issued its quarterly earnings data on Wednesday, May, 6th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $3.87 by $3.11. The insurance provider had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.03 billion. RenaissanceRe had a net margin of 9.16% and a return on equity of 6.06%. The company's revenue for the quarter was up 36.7% on a year-over-year basis. During the same quarter last year, the company posted $3.60 earnings per share. View RenaissanceRe's earnings history.

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

RenaissanceRe declared a quarterly dividend on Tuesday, May 19th. Stockholders of record on Monday, June 15th will be given a dividend of $0.35 per share on Tuesday, June 30th. This represents a $1.40 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Friday, June 12th. View RenaissanceRe's dividend history.

What price target have analysts set for RNR?

7 brokerages have issued twelve-month price targets for RenaissanceRe's shares. Their forecasts range from $158.00 to $200.00. On average, they expect RenaissanceRe's share price to reach $186.43 in the next twelve months. This suggests a possible upside of 12.2% from the stock's current price. View analysts' price targets for RenaissanceRe.

Has RenaissanceRe been receiving favorable news coverage?

Media coverage about RNR stock has trended extremely negative recently, according to InfoTrie. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. RenaissanceRe earned a news impact score of -5.0 on InfoTrie's scale. They also gave headlines about the insurance provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutRenaissanceRe.

Are investors shorting RenaissanceRe?

RenaissanceRe saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 598,200 shares, a decrease of 18.0% from the April 30th total of 729,600 shares. Based on an average daily volume of 408,000 shares, the short-interest ratio is presently 1.5 days. Approximately 1.4% of the company's stock are short sold. View RenaissanceRe's Current Options Chain.

Who are some of RenaissanceRe's key competitors?

Some companies that are related to RenaissanceRe include Everest Re Group (RE), Alleghany (Y), Reinsurance Group of America (RGA), Enstar Group (ESGR), Greenlight Capital Re (GLRE), Maiden (MHLD) and Partnerre (PRE.PH). View all competitors.

What other stocks do shareholders of RenaissanceRe own?

Based on aggregate information from My MarketBeat watchlists, some companies that other RenaissanceRe investors own include Verizon Communications (VZ), Xilinx (XLNX), Advanced Micro Devices (AMD), Home Depot (HD), Exxon Mobil (XOM), Taiwan Semiconductor Mfg. (TSM), Zoetis (ZTS), Fortinet (FTNT), NVIDIA (NVDA) and Universal Display (OLED).

Who are RenaissanceRe's key executives?

RenaissanceRe's management team includes the following people:

Mr. Kevin Joseph O'Donnell, Pres, CEO & Director (Age 52)
Mr. Robert Qutub, Exec. VP & CFO (Age 57)
Mr. Stephen Howard Weinstein, Sr. VP, Chief Compliance Officer, Group Gen. Counsel & Corp. Sec. (Age 50)
Mr. Ross Arthur Curtis, Sr. VP & Group Chief Underwriting Officer (Age 46)
Mr. Ian D. Branagan, Sr. VP & Group Chief Risk Officer (Age 51)

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 BlackRock Inc. (13.17%), State Street Corp (4.77%), Capital World Investors (4.28%), Janus Henderson Group PLC (2.74%), TimesSquare Capital Management LLC (2.58%) and Capital International Investors (2.18%). Company insiders that own RenaissanceRe stock include Aditya Dutt, Henry Klehm III, Ian D Branagan, Jonathan Paradine, Kevin Odonnell, Ross Curtis and Sean G Brosnan. View institutional ownership trends for RenaissanceRe.

Which institutional investors are selling RenaissanceRe stock?

RNR stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, BlackRock Inc., APG Asset Management N.V., Federated Hermes Inc., NWQ Investment Management Company LLC, Janus Henderson Group PLC, Wellington Management Group LLP, and First Trust Advisors LP. Company insiders that have sold RenaissanceRe company stock in the last year include Aditya Dutt, Ian D Branagan, Jonathan Paradine, Kevin Odonnell, and Sean G Brosnan. View insider buying and selling activity for RenaissanceRe.

Which institutional investors are buying RenaissanceRe stock?

RNR stock was acquired by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Wells Fargo & Company MN, ARGA Investment Management LP, Alliancebernstein L.P., APG Asset Management N.V., APG Asset Management N.V., Victory Capital Management Inc., and Capital World Investors. View insider buying and selling activity for RenaissanceRe.

How do I buy shares of RenaissanceRe?

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

What is RenaissanceRe's stock price today?

One share of RNR stock can currently be purchased for approximately $166.20.

How big of a company is RenaissanceRe?

RenaissanceRe has a market capitalization of $7.32 billion and generates $4.20 billion in revenue each year. The insurance provider earns $748.80 million in net income (profit) each year or $9.13 on an earnings per share basis.

What is RenaissanceRe's official website?

The official website for RenaissanceRe is www.renre.com.

How can I contact RenaissanceRe?

RenaissanceRe's mailing address is RENAISSANCE HOUSE 12 CROW LANE, PEMBROKE D0, HM 19. The insurance provider can be reached via phone at 441-295-4513 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff