Research Analysts’ Recent Ratings Updates for RenaissanceRe (RNR)

RenaissanceRe (NYSE: RNR) recently received a number of ratings updates from brokerages and research firms:

• 1/14/2025 – RenaissanceRe had its price target lowered by analysts at Wells Fargo & Company from $301.00 to $288.00. They now have an “overweight” rating on the stock.
• 1/10/2025 – RenaissanceRe had its price target raised by analysts at Keefe, Bruyette & Woods from $310.00 to $318.00. They now have an “outperform” rating on the stock.
• 1/6/2025 – RenaissanceRe was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating. They now have a $234.00 price target on the stock, down previously from $284.00.
• 1/3/2025 – RenaissanceRe had its price target raised by analysts at JPMorgan Chase & Co. from $280.00 to $284.00. They now have a “neutral” rating on the stock.
• 12/18/2024 – RenaissanceRe had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $282.00 price target on the stock, down previously from $304.00.

RenaissanceRe Price Performance

Shares of NYSE RNR opened at $251.04 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.43 and a current ratio of 1.43. RenaissanceRe Holdings Ltd. has a one year low of $203.35 and a one year high of $300.00. The firm has a market capitalization of $13.04 billion, a P/E ratio of 3.62, a PEG ratio of 1.31 and a beta of 0.44. The company’s fifty day moving average is $263.52 and its two-hundred day moving average is $254.35.

RenaissanceRe (NYSE:RNR) last announced its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $10.23 EPS for the quarter, topping the consensus estimate of $7.89 by $2.34. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.35 billion. RenaissanceRe had a return on equity of 26.31% and a net margin of 28.84%. The company’s quarterly revenue was up 52.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $8.33 EPS. Analysts forecast that RenaissanceRe Holdings Ltd. will post 41.94 EPS for the current fiscal year.

RenaissanceRe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday, December 13th. RenaissanceRe’s dividend payout ratio is presently 2.25%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC raised its holdings in shares of RenaissanceRe by 52.9% in the 2nd quarter. Intech Investment Management LLC now owns 7,193 shares of the insurance provider’s stock worth $1,608,000 after purchasing an additional 2,490 shares during the period. Algert Global LLC purchased a new position in RenaissanceRe in the second quarter valued at approximately $1,186,000. Rockefeller Capital Management L.P. acquired a new position in RenaissanceRe during the third quarter valued at approximately $3,684,000. Fisher Asset Management LLC grew its stake in RenaissanceRe by 12.3% during the third quarter. Fisher Asset Management LLC now owns 80,773 shares of the insurance provider’s stock worth $22,003,000 after buying an additional 8,844 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of RenaissanceRe by 2.9% in the third quarter. Geode Capital Management LLC now owns 920,814 shares of the insurance provider’s stock worth $250,892,000 after acquiring an additional 25,773 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

RenaissanceRe Holdings Ltd., together with its subsidiaries, 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 reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as 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.