RenaissanceRe - RNR Stock Forecast, Price & News

3 Wall Street 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 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 brokers have issued twelve-month price objectives for RenaissanceRe's stock. Their RNR share price forecasts range from $150.00 to $218.00. On average, they expect the company's stock price to reach $176.67 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price.
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 decreased by 19.0% and is now trading at $137.21.
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RenaissanceRe saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 767,600 shares, an increase of 28.9% from the August 31st total of 595,500 shares. Based on an average trading volume of 399,100 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.8% 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 Monday, October 24th 2022.
View our RNR earnings forecast.

RenaissanceRe Holdings Ltd. (NYSE:RNR) announced its earnings results on Monday, July, 25th. The insurance provider reported $5.51 EPS for the quarter, topping the consensus estimate of $5.05 by $0.46. The insurance provider earned $1.86 billion during the quarter, compared to the consensus estimate of $1.73 billion. RenaissanceRe had a positive trailing twelve-month return on equity of 3.88% and a negative net margin of 19.70%. The firm's quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.64 earnings per share.

RenaissanceRe announced a quarterly dividend on Tuesday, August 2nd. Shareholders 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 dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, September 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 1.05%.
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."

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 $137.21.

RenaissanceRe (NYSE:RNR) has a market capitalization of $6.00 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.

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.