RenaissanceRe - RNR Stock Forecast, Price & News

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.

4 Wall Street research analysts have issued 12 month price objectives for RenaissanceRe's shares. Their RNR share price forecasts range from $162.00 to $245.00. On average, they predict the company's share price to reach $197.25 in the next year. This suggests a possible upside of 1.0% 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 shares have increased by 6.0% and is now trading at $195.33.
View the best growth stocks for 2023 here.

RenaissanceRe saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 443,200 shares, a drop of 24.3% from the February 13th total of 585,500 shares. Based on an average daily trading volume, of 319,800 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.0% of the company's stock are short sold.
View RenaissanceRe's Short Interest.

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

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

RenaissanceRe announced a quarterly dividend on Wednesday, February 8th. Investors of record on Wednesday, March 15th will be paid a dividend of $0.38 per share on Friday, March 31st. This represents a $1.52 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Tuesday, March 14th. This is a boost from the stock's previous quarterly dividend of $0.37.
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), SPDR S&P Insurance ETF (KIE), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Invesco S&P MidCap Momentum ETF (XMMO), First Trust Financial AlphaDEX Fund (FXO), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), OneAscent Large Cap Core ETF (OALC) and Convergence Long/Short Equity ETF (CLSE).

RenaissanceRe (NYSE:RNR) pays an annual dividend of $1.52 per share and currently has a dividend yield of 0.79%.
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 number of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (7.10%), Boston Partners (4.20%), Lord Abbett & CO. LLC (1.75%), ARGA Investment Management LP (1.74%), JPMorgan Chase & Co. (1.62%) and Geode Capital Management LLC (1.35%). 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 $195.33.

RenaissanceRe (NYSE:RNR) has a market capitalization of $8.54 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 ($25.63) 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.