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S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Tesla hikes price of Model Y after US alters tax credit rule
A gold storm is coming… (Ad)
Route to Super Bowl dangerous for Mexico's avocado haulers
Iraqi currency crash halts after meeting with U.S. official
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Europe bans Russian diesel, other oil products over Ukraine
How will EU ban and West's price cap on Russian diesel work?
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Gas prices dip in NJ, around nation as cold weather returns
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Tesla hikes price of Model Y after US alters tax credit rule
A gold storm is coming… (Ad)
Route to Super Bowl dangerous for Mexico's avocado haulers
Iraqi currency crash halts after meeting with U.S. official
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Europe bans Russian diesel, other oil products over Ukraine
How will EU ban and West's price cap on Russian diesel work?
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Gas prices dip in NJ, around nation as cold weather returns
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Tesla hikes price of Model Y after US alters tax credit rule
A gold storm is coming… (Ad)
Route to Super Bowl dangerous for Mexico's avocado haulers
Iraqi currency crash halts after meeting with U.S. official
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Europe bans Russian diesel, other oil products over Ukraine
How will EU ban and West's price cap on Russian diesel work?
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Gas prices dip in NJ, around nation as cold weather returns
NYSE:RNR

RenaissanceRe - RNR Stock Forecast, Price & News

$206.11
+2.68 (+1.32%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$200.26
$206.50
50-Day Range
$179.79
$209.53
52-Week Range
$124.18
$212.57
Volume
347,935 shs
Average Volume
331,670 shs
Market Capitalization
$9.01 billion
P/E Ratio
N/A
Dividend Yield
0.73%
Price Target
$197.25

RenaissanceRe MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
4.3% Downside
$197.25 Price Target
Short Interest
Healthy
1.26% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.36mentions of RenaissanceRe in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$159,579 Sold Last Quarter
Proj. Earnings Growth
16.97%
From $22.57 to $26.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.14 out of 5 stars

Finance Sector

483rd out of 858 stocks

Fire, Marine, & Casualty Insurance Industry

29th out of 47 stocks

RNR stock logo

About RenaissanceRe (NYSE:RNR) Stock

RenaissanceRe Holdings Ltd. provides reinsurance and insurance products around the world. The company was founded in 1993 and is headquartered in Bermuda with offices in Ireland, Australia, Switzerland, Singapore, and the US.

The company operates through two segments that include multiple underlying businesses and investment vehicles. The two main segments are Property and Casualty & Specialty.  The company operates through intermediaries that include DaVinci Resinsurance Inc, Top Layer Reinsurance LTD, and RennaisanceRe Syndicate 1458 among others.

Top Layer Re is the first major venture and was started in 1999. It is a joint venture with State Farm targeting high layers of the US reinsurance business. DaVinci Re was formed in the wake of 9/11 to assist with capacity and it was given added capacity in the wake of hurricanes Katrina, Rita, and Wilma. Medici was formed in 2009 and is an open-ended fund intended to spur investment in the catastrophe bond market.

The Property segment writes catastrophic insurance policies to insure insurance and reinsurance companies against natural and man-made catastrophes. These include but are not limited to hurricanes, floods, freezes, and terrorism.

The Casualty & Specialty segment provides a wide range of consumer products including business insurance, malpractice insurance, liability insurance, workers' compensation, mortgage insurance, and health insurance among others.

Among RenaissanceRe’s Specialty businesses is capital management. The firm offers 6 investment vehicles and has more than $11 billion under management making it the #1 ILS or insurance-linked asset manager in the US. In regards to its credit ratings, the firm and all of its vehicles carry an A or better rating from every credit rating agency.

 

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RNR Stock News Headlines

RenaissanceRe (NYSE:RNR) Trading Down 4.7%
RenaissanceRe (NYSE:RNR) Upgraded to Buy at StockNews.com
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
RenaissanceRe (NYSE:RNR) Issues Quarterly Earnings Results
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
RenaissanceRe (RNR) Rises 17.5% Despite Q3 Earnings Miss
See More Headlines
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RNR Company Calendar

Ex-Dividend for 12/30 Dividend
12/14/2022
Dividend Payable
12/30/2022
Last Earnings
2/01/2023
Today
2/05/2023
Next Earnings (Estimated)
5/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Reinsurance
Sector
Finance
CUSIP
G7496G10
Employees
649
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$197.25
High Stock Price Forecast
$245.00
Low Stock Price Forecast
$162.00
Forecasted Upside/Downside
-4.3%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$-40,150,000.00
Pretax Margin
-24.09%

Debt

Sales & Book Value

Annual Sales
$5.05 billion
Cash Flow
$2.04 per share
Book Value
$104.69 per share

Miscellaneous

Free Float
43,134,000
Market Cap
$9.01 billion
Optionable
Optionable
Beta
0.44

Social Links


Key Executives

  • Kevin J. O'DonnellKevin J. O'Donnell
    President, Chief Executive Officer & Director
  • Robert QutubRobert Qutub
    Chief Financial Officer & Executive Vice President
  • Walker Blythe
    Chief Technology Officer & Senior Vice President
  • Ian David BranaganIan David Branagan
    Group Chief Risk Officer & Executive VP
  • Ross Arthur Curtis
    Chief Portfolio Officer & Executive Vice President













RNR Stock - Frequently Asked Questions

Should I buy or sell RenaissanceRe stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RenaissanceRe in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.

What is RenaissanceRe's stock price forecast for 2023?

4 analysts have issued 1-year target prices for RenaissanceRe's shares. Their RNR share price forecasts range from $162.00 to $245.00. On average, they expect the company's share price to reach $197.25 in the next twelve months. This suggests that the stock has a possible downside of 4.3%.
View analysts price targets for RNR
or view top-rated stocks among Wall Street analysts.

How have RNR shares performed in 2023?

RenaissanceRe's stock was trading at $184.23 on January 1st, 2023. Since then, RNR shares have increased by 11.9% and is now trading at $206.11.
View the best growth stocks for 2023 here
.

Are investors shorting RenaissanceRe?

RenaissanceRe saw a decrease in short interest during the month of December. As of December 30th, there was short interest totaling 571,700 shares, a decrease of 16.6% from the December 15th total of 685,300 shares. Based on an average daily volume of 395,300 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.3% of the company's stock are sold short.
View RenaissanceRe's Short Interest
.

When is RenaissanceRe's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our RNR earnings forecast
.

How were RenaissanceRe's earnings last quarter?

RenaissanceRe Holdings Ltd. (NYSE:RNR) announced its quarterly earnings data on Wednesday, February, 1st. The insurance provider reported $7.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.58 by $0.75. The insurance provider had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.33 billion. RenaissanceRe had a negative net margin of 20.97% and a positive trailing twelve-month return on equity of 7.36%. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.71 EPS.

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

RenaissanceRe declared a quarterly dividend on Wednesday, November 9th. Investors of record on Thursday, December 15th will be paid a dividend of $0.37 per share on Friday, December 30th. This represents a $1.48 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Wednesday, December 14th.
Read our dividend analysis for RNR
.

Is RenaissanceRe a good dividend stock?

RenaissanceRe (NYSE:RNR) pays an annual dividend of $1.48 per share and currently has a dividend yield of 0.73%.
Read our dividend analysis for RNR.

What is Neill A. Currie's approval rating as RenaissanceRe's CEO?

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.

What other stocks do shareholders of RenaissanceRe own?

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).

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 institutional and retail investors. Top institutional shareholders include ProShare Advisors LLC (0.54%), Nepsis Inc. (0.27%), New York State Common Retirement Fund (0.22%), Strs Ohio (0.15%), New York State Teachers Retirement System (0.10%) and Manning & Napier Group LLC (0.09%). Insiders that own company stock include Brian Gerald John Gray, David C Bushnell, Henry Klehm III, Ian D Branagan, James Christopher Fraser, Kevin Odonnell, Robert Qutub and Sean G Brosnan.
View institutional ownership trends
.

How do I buy shares of RenaissanceRe?

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.
Compare Top Brokerages Here.

What is RenaissanceRe's stock price today?

One share of RNR stock can currently be purchased for approximately $206.11.

How much money does RenaissanceRe make?

RenaissanceRe (NYSE:RNR) has a market capitalization of $9.01 billion and generates $5.06 billion in revenue each year. The insurance provider earns $-40,150,000.00 in net income (profit) each year or ($25.63) on an earnings per share basis.

How many employees does RenaissanceRe have?

The company employs 649 workers across the globe.

How can I contact RenaissanceRe?

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.

This page (NYSE:RNR) was last updated on 2/5/2023 by MarketBeat.com Staff