RenaissanceRe Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RenaissanceRe in the last twelve months. 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" RenaissanceRe stock. 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.
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RenaissanceRe is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.
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RenaissanceRe Holdings Ltd. (NYSE:RNR) announced its earnings results on Thursday, July, 22nd. The insurance provider reported $5.64 EPS for the quarter, topping analysts' consensus estimates of $4.74 by $0.90. The insurance provider had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. RenaissanceRe had a net margin of 8.54% and a trailing twelve-month return on equity of 1.51%. The firm's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.06 EPS.
View RenaissanceRe's earnings history.

RenaissanceRe's stock was trading at $155.96 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RNR stock has decreased by 9.3% and is now trading at $141.44.
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RenaissanceRe announced a quarterly dividend on Wednesday, July 28th. Stockholders of record on Wednesday, September 15th will be given a dividend of $0.36 per share on Thursday, September 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Tuesday, September 14th.
View RenaissanceRe's dividend history.

RenaissanceRe pays an annual dividend of $1.44 per share and currently has a dividend yield of 1.00%. RenaissanceRe does not yet have a strong track record of dividend growth. The dividend payout ratio of RenaissanceRe is 1,200.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, RenaissanceRe will have a dividend payout ratio of 8.73% next year. This indicates that RenaissanceRe will be able to sustain or increase its dividend.
View RenaissanceRe's dividend history.

5 analysts have issued twelve-month price objectives for RenaissanceRe's stock. Their forecasts range from $162.00 to $220.00. On average, they expect RenaissanceRe's share price to reach $189.80 in the next twelve months. This suggests a possible upside of 34.2% from the stock's current price.
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6 employees have rated RenaissanceRe CEO Neill A. Currie on Glassdoor.com. Neill A. Currie has an approval rating of 100% among RenaissanceRe's employees. This puts Neill A. Currie in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to RenaissanceRe include Everest Re Group (RE), Alleghany (Y), Reinsurance Group of America (RGA), Enstar Group (ESGR), Maiden (MHLD) and Greenlight Capital Re (GLRE).
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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), The 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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.54%), BlackRock Inc. (9.83%), Price T Rowe Associates Inc. MD (6.87%), State Street Corp (5.30%), FMR LLC (3.08%) and TimesSquare Capital Management LLC (2.85%).
View institutional ownership trends for RenaissanceRe.

RNR stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., American Century Companies Inc., FMR LLC, Alliancebernstein L.P., APG Asset Management N.V., Boston Partners, Swiss National Bank, and Credit Suisse AG.
View insider buying and selling activity for RenaissanceRe or view top insider-selling stocks.

RNR stock was purchased by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Sound Shore Management Inc. CT, JPMorgan Chase & Co., Cooke & Bieler LP, Renaissance Technologies LLC, Millennium Management LLC, Victory Capital Management Inc., and First Trust Advisors LP.
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Shares of RNR 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 $141.44.

RenaissanceRe has a market capitalization of $6.66 billion and generates $5.17 billion in revenue each year. The insurance provider earns $762.41 million in net income (profit) each year or $0.12 on an earnings per share basis.

RenaissanceRe employs 604 workers across the globe.

The official website for RenaissanceRe is www.renre.com.

RenaissanceRe is headquartered at RENAISSANCE HOUSE 12 CROW LANE, PEMBROKE D0, HM 19.

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].