S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Safest Option in Trades! (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
The Safest Option in Trades! (Ad)pixel
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Safest Option in Trades! (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
The Safest Option in Trades! (Ad)pixel
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Safest Option in Trades! (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
The Safest Option in Trades! (Ad)pixel
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Safest Option in Trades! (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
The Safest Option in Trades! (Ad)pixel
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
NYSE:RNR

RenaissanceRe - RNR Stock Forecast, Price & News

$137.29
+2.09 (+1.55%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$136.37
$138.62
50-Day Range
$124.30
$157.72
52-Week Range
$124.18
$174.54
Volume
394,671 shs
Average Volume
471,165 shs
Market Capitalization
$6.00 billion
P/E Ratio
N/A
Dividend Yield
1.09%
Price Target
$180.67

RenaissanceRe MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
31.6% Upside
$180.67 Price Target
Short Interest
Healthy
1.79% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.25
Upright™ Environmental Score
News Sentiment
1.00mentions of RenaissanceRe in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$979,650 Bought Last Quarter
Proj. Earnings Growth
43.41%
From $14.65 to $21.01 Per Share

Overall MarketRank

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

2.90 out of 5 stars

Finance Sector

115th out of 926 stocks

Fire, Marine, & Casualty Insurance Industry

6th out of 51 stocks

RNR stock logo

About RenaissanceRe (NYSE:RNR) Stock

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 hurricanes, earthquakes, typhoons, 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, 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Morgan Stanley dropped their price target on shares of RenaissanceRe from $175.00 to $162.00 and set an "equal weight" rating for the company in a research report on Monday, May 23rd. Jefferies Financial Group lowered shares of RenaissanceRe from a "buy" rating to a "hold" rating and reduced their price objective for the company from $173.00 to $162.00 in a research note on Tuesday, July 12th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $180.67.

RenaissanceRe Stock Performance

Shares of NYSE:RNR opened at $137.29 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.23. RenaissanceRe has a 1-year low of $124.18 and a 1-year high of $174.54. The firm's 50 day simple moving average is $143.68 and its two-hundred day simple moving average is $148.54.

RenaissanceRe (NYSE:RNR - Get Rating) last released its quarterly earnings data on Monday, July 25th. The insurance provider reported $5.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.11 by $0.40. The firm had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.73 billion. RenaissanceRe had a negative net margin of 19.70% and a positive return on equity of 3.88%. The company's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the business posted $5.64 earnings per share. On average, research analysts anticipate that RenaissanceRe will post 14.65 EPS for the current year.

RenaissanceRe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Wednesday, September 14th. RenaissanceRe's payout ratio is currently -6.81%.

Insider Activity

In other RenaissanceRe news, Director Brian Gerald John Gray purchased 7,500 shares of RenaissanceRe stock in a transaction that occurred on Wednesday, August 10th. The shares were bought at an average price of $130.62 per share, for a total transaction of $979,650.00. Following the completion of the transaction, the director now owns 23,621 shares of the company's stock, valued at approximately $3,085,375.02. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director David C. Bushnell sold 600 shares of the company's stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $148.41, for a total value of $89,046.00. Following the completion of the sale, the director now directly owns 19,914 shares of the company's stock, valued at $2,955,436.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Brian Gerald John Gray bought 7,500 shares of RenaissanceRe stock in a transaction on Wednesday, August 10th. The stock was purchased at an average price of $130.62 per share, with a total value of $979,650.00. Following the completion of the acquisition, the director now directly owns 23,621 shares of the company's stock, valued at approximately $3,085,375.02. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company's stock.

Receive RNR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for RenaissanceRe and its competitors with MarketBeat's FREE daily newsletter.

RNR Stock News Headlines

RenaissanceRe: Q2 Earnings Snapshot - Greenwich Time
RenaissanceRe (RNR) Q2 Earnings Surpass Estimates
RenaissanceRe (RNR) Set to Announce Earnings on Monday
See More Headlines
Receive RNR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for RenaissanceRe and its competitors with MarketBeat's FREE daily newsletter.

RNR Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Last Earnings
7/25/2022
Today
8/13/2022
Ex-Dividend for 9/30 Dividend
9/14/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

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
$180.67
High Stock Price Forecast
$218.00
Low Stock Price Forecast
$162.00
Forecasted Upside/Downside
+31.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-40,150,000.00
Pretax Margin
-23.22%

Debt

Sales & Book Value

Annual Sales
$5.28 billion
Cash Flow
$2.07 per share
Book Value
$114.14 per share

Miscellaneous

Free Float
43,137,000
Market Cap
$6.00 billion
Optionable
Optionable
Beta
0.40

Social Links


Key Executives














RNR Stock - Frequently Asked Questions

Should I buy or sell RenaissanceRe stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RenaissanceRe in the last year. There are currently 2 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 2022?

3 Wall Street research analysts have issued 1 year price objectives for RenaissanceRe's stock. Their RNR share price forecasts range from $162.00 to $218.00. On average, they expect the company's share price to reach $180.67 in the next year. This suggests a possible upside of 31.6% from the stock's current price.
View analysts price targets for RNR
or view top-rated stocks among Wall Street analysts.

How have RNR shares performed in 2022?

RenaissanceRe's stock was trading at $169.33 at the beginning of 2022. Since then, RNR stock has decreased by 18.9% and is now trading at $137.29.
View the best growth stocks for 2022 here
.

When is RenaissanceRe's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our RNR earnings forecast
.

How were RenaissanceRe's earnings last quarter?

RenaissanceRe Holdings Ltd. (NYSE:RNR) posted its earnings results on Monday, July, 25th. The insurance provider reported $5.51 earnings per share for the quarter, topping the consensus estimate of $5.11 by $0.40. The insurance provider had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.73 billion. RenaissanceRe had a negative net margin of 19.70% and a positive trailing twelve-month return on equity of 3.88%. The company's revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm earned $5.64 EPS.

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

RenaissanceRe announced a quarterly dividend on Tuesday, August 2nd. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.37 per share on Friday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, September 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 1.09%.
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 retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (2.38%), Cooke & Bieler LP (1.76%), TimesSquare Capital Management LLC (1.69%), ARGA Investment Management LP (1.41%), FMR LLC (1.35%) and Jennison Associates LLC (1.23%). Insiders that own company stock include Brian Gerald John Gray, David C Bushnell, Henry Klehm III, Ian D Branagan, James Christopher Fraser, Jonathan Paradine, Kevin Odonnell and Robert Qutub.
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 $137.29.

How much money does RenaissanceRe make?

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.

How many employees does RenaissanceRe have?

The company employs 649 workers across the globe.

When was RenaissanceRe founded?

RenaissanceRe was founded in 1993.

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 8/14/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.