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NYSE:RNRRenaissanceRe Stock Price, Forecast & News

$190.31
-5.17 (-2.64 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$190.03
Now: $190.31
$201.29
50-Day Range
$140.92
MA: $158.56
$186.64
52-Week Range
$113.27
Now: $190.31
$202.68
Volume1.56 million shs
Average Volume696,745 shs
Market Capitalization$8.38 billion
P/E Ratio23.61
Dividend Yield0.72%
Beta0.44
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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Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 1.9Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.17 out of 5 stars


Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryReinsurance
SectorFinance
CUSIPG7496G10
Phone441-295-4513

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.20 billion
Cash Flow$8.39 per share
Book Value$120.53 per share

Profitability

Net Income$748.80 million

Miscellaneous

EmployeesN/A
Market Cap$8.38 billion
Next Earnings Date7/28/2020 (Estimated)
OptionableOptionable

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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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, RNR shares have increased by 22.0% and is now trading at $190.31. 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) announced its quarterly earnings data on Wednesday, May, 6th. The insurance provider reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $3.87 by $3.11. The insurance provider had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.03 billion. RenaissanceRe had a return on equity of 6.06% and a net margin of 9.16%. The business's revenue for the quarter was up 36.7% on a year-over-year basis. During the same period last year, the business earned $3.60 earnings per share. View RenaissanceRe's earnings history.

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

RenaissanceRe announced a quarterly dividend on Tuesday, May 19th. Investors of record on Monday, June 15th will be paid a dividend of $0.35 per share on Tuesday, June 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Friday, June 12th. View RenaissanceRe's dividend history.

What price target have analysts set for RNR?

7 brokerages have issued 1-year target prices for RenaissanceRe's stock. Their forecasts range from $158.00 to $229.00. On average, they anticipate RenaissanceRe's stock price to reach $193.43 in the next twelve months. This suggests a possible upside of 1.6% from the stock's current price. View analysts' price targets for RenaissanceRe.

Has RenaissanceRe been receiving favorable news coverage?

News headlines about RNR stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. 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 1.0 on InfoTrie's scale. They also assigned media 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 effect on the company's share price in the immediate future. View the latest news aboutRenaissanceRe.

Are investors shorting RenaissanceRe?

RenaissanceRe saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 598,200 shares, a drop 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 currently 1.5 days. Approximately 1.4% of the shares of the stock are sold short. View RenaissanceRe's Current Options Chain.

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 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 many different retail and institutional 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 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 purchased 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 $190.31.

How big of a company is RenaissanceRe?

RenaissanceRe has a market capitalization of $8.38 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 6/7/2020 by MarketBeat.com Staff

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