NYSE:RNR - RenaissanceRe Stock Price, News, & Analysis

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$146.03 -0.59 (-0.40 %)
(As of 03/18/2019 04:00 PM ET)
Previous Close$146.62
Today's Range$145.45 - $147.28
52-Week Range$117.35 - $147.97
Volume217,963 shs
Average Volume257,837 shs
Market Capitalization$6.16 billion
P/E Ratio15.92
Dividend Yield0.93%
Beta0.5
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.

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Industry, Sector and Symbol

Industry N/A
Sub-IndustryReinsurance
SectorFinance
CUSIPG7496G10
Phone441-295-4513

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.07 billion
Cash Flow$9.1958 per share
Book Value$109.15 per share

Profitability

Net Income$227.36 million

Miscellaneous

EmployeesN/A
Market Cap$6.16 billion
Next Earnings Date5/7/2019 (Estimated)
OptionableOptionable

RenaissanceRe (NYSE:RNR) Frequently Asked Questions

What is RenaissanceRe's stock symbol?

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

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

RenaissanceRe announced a quarterly dividend on Thursday, February 7th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.34 per share on Friday, March 29th. This represents a $1.36 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from RenaissanceRe's previous quarterly dividend of $0.33. View RenaissanceRe's Dividend History.

How will RenaissanceRe's stock buyback program work?

RenaissanceRe declared that its board has authorized a share repurchase plan on Monday, November 13th 2017, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.

How were RenaissanceRe's earnings last quarter?

RenaissanceRe Holdings Ltd. (NYSE:RNR) issued its quarterly earnings results on Tuesday, January, 29th. The insurance provider reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($1.93) by $1.95. The insurance provider earned $633.44 million during the quarter, compared to the consensus estimate of $545.60 million. RenaissanceRe had a return on equity of 9.18% and a net margin of 10.96%. View RenaissanceRe's Earnings History.

When is RenaissanceRe's next earnings date?

RenaissanceRe is scheduled to release their next quarterly earnings announcement on Tuesday, May 7th 2019. View Earnings Estimates for RenaissanceRe.

What price target have analysts set for RNR?

9 analysts have issued 1 year price objectives for RenaissanceRe's shares. Their predictions range from $125.00 to $168.00. On average, they expect RenaissanceRe's stock price to reach $143.5556 in the next year. This suggests that the stock has a possible downside of 1.7%. View Analyst Price Targets for RenaissanceRe.

What is the consensus analysts' recommendation for RenaissanceRe?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RenaissanceRe in the last year. There are currently 2 sell ratings, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for RenaissanceRe.

Has RenaissanceRe been receiving favorable news coverage?

Media headlines about RNR stock have trended somewhat positive on Monday, according to InfoTrie. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. RenaissanceRe earned a news sentiment score of 1.1 on InfoTrie's scale. They also assigned news coverage about the insurance provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near term.

Who are some of RenaissanceRe's key 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 Exxon Mobil (XOM), Advanced Micro Devices (AMD), Micron Technology (MU), Walmart (WMT), Medtronic (MDT), Intel (INTC), United States Steel (X), Yum! Brands (YUM), Lowe's Companies (LOW) and AAR (AIR).

Who are RenaissanceRe's key executives?

RenaissanceRe's management team includes the folowing 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)

Who are RenaissanceRe's major shareholders?

RenaissanceRe's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.17%), Boston Partners (3.33%), Lord Abbett & CO. LLC (1.86%), Dimensional Fund Advisors LP (1.84%), Victory Capital Management Inc. (1.78%) and Polar Capital LLP (1.23%). Company insiders that own RenaissanceRe stock include Henry Klehm III, Jonathan Paradine, Kevin Odonnell, Ross Curtis, Sean G Brosnan and Stephen Howard Weinstein. View Institutional Ownership Trends for RenaissanceRe.

Which major investors are selling RenaissanceRe stock?

RNR stock was sold by a variety of institutional investors in the last quarter, including Royal London Asset Management Ltd., ARGA Investment Management LP, Bessemer Group Inc., Los Angeles Capital Management & Equity Research Inc., Monarch Partners Asset Management LLC, American Century Companies Inc., Lord Abbett & CO. LLC and Dimensional Fund Advisors LP. Company insiders that have sold RenaissanceRe company stock in the last year include Henry Klehm III, Jonathan Paradine and Sean G Brosnan. View Insider Buying and Selling for RenaissanceRe.

Which major investors are buying RenaissanceRe stock?

RNR stock was acquired by a variety of institutional investors in the last quarter, including Boston Partners, Diamond Hill Capital Management Inc., Norges Bank, BlackRock Inc., Philadelphia Financial Management of San Francisco LLC, California Public Employees Retirement System, Geode Capital Management LLC and Geode Capital Management LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is RenaissanceRe's stock price today?

One share of RNR stock can currently be purchased for approximately $146.03.

How big of a company is RenaissanceRe?

RenaissanceRe has a market capitalization of $6.16 billion and generates $2.07 billion in revenue each year. The insurance provider earns $227.36 million in net income (profit) each year or $9.17 on an earnings per share basis.

What is RenaissanceRe's official website?

The official website for RenaissanceRe is http://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]


MarketBeat Community Rating for RenaissanceRe (NYSE RNR)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  261 (Vote Outperform)
Underperform Votes:  447 (Vote Underperform)
Total Votes:  708
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.
This page was last updated on 3/18/2019 by MarketBeat.com Staff

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