RenaissanceRe (RNR) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RenaissanceRe in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.

5 Wall Street research analysts have issued 1-year price objectives for RenaissanceRe's shares. Their RNR share price forecasts range from $175.00 to $256.00. On average, they predict the company's stock price to reach $210.20 in the next twelve months. This suggests a possible upside of 10.0% 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 $184.23 at the start of the year. Since then, RNR stock has increased by 3.7% and is now trading at $191.11.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our RNR earnings forecast.

RenaissanceRe Holdings Ltd. (NYSE:RNR) released its quarterly earnings results on Tuesday, May, 2nd. The insurance provider reported $8.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.34 by $0.82. The insurance provider earned $2.26 billion during the quarter, compared to the consensus estimate of $2.40 billion. RenaissanceRe had a negative net margin of 1.61% and a positive trailing twelve-month return on equity of 11.89%. The company's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.50 EPS.

RenaissanceRe declared a quarterly dividend on Wednesday, May 10th. Investors of record on Thursday, June 15th will be given a dividend of $0.38 per share on Friday, June 30th. This represents a $1.52 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for RNR.

ETFs with the largest weight of RenaissanceRe (NYSE:RNR) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), Pinnacle Focused Opportunities ETF (FCUS), SPDR S&P Insurance ETF (KIE), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), First Trust Financial AlphaDEX Fund (FXO), Invesco S&P MidCap Momentum ETF (XMMO), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).

RenaissanceRe (NYSE:RNR) pays an annual dividend of $1.52 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.25%), Price T Rowe Associates Inc. MD (5.36%), State Street Corp (4.79%), Boston Partners (4.35%), Bank of New York Mellon Corp (2.93%) and FIL Ltd (2.59%). Insiders that own company stock include Brian Gerald John Gray, Carol P Sanders, David C Bushnell, Henry Klehm III, Ian D Branagan, James Christopher Fraser, Kevin Odonnell, Robert Qutub and Sean G Brosnan.
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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 $191.11.

RenaissanceRe (NYSE:RNR) has a market capitalization of $8.40 billion and generates $5.06 billion in revenue each year. The insurance provider earns $-1,061,200,000.00 in net income (profit) each year or ($3.62) 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.