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Renaissancere Holdings Ltd (RNR)
NYSE:RNR
Renaissancere Holdings (RNR) Stock Price & Analysis
231 Followers
RNR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$173.27 - $239.42
Previous Close$224.74
Volume308.69K
Average Volume (3M)371.33K
Market Cap
$11.74B
Enterprise Value$17.84B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)4.3
Beta0.21
Next Earnings
Apr 30, 2024EPS Estimate
$9.56Last Dividend Ex-Date
Mar 14, 2024Dividend Yield0.69%
Share Statistics
EPS (TTM)51.22
Shares Outstanding52,694,415
10 Day Avg. Volume327,258
30 Day Avg. Volume371,327
Standard Deviation0.08
R-Squared0.04
Alpha0.00841
Financial Highlights & Ratios
Price to Book (P/B)1.44
Price to Sales (P/S)1.28
Price to Cash Flow (P/CF)5.60
P/FCF Ratio5.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.64
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda5.77
Forecast
1Y Price Target
$268.40Price Target Upside19.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Renaissancere Holdings News
Bulls Say, Bears Say
Bulls Say
Company ResilienceThe redundancy in RenRe's casualty reserves is set to strengthen the company's loss ratio, indicating a more robust financial position.
Financial PerformanceThe integration of Validus is expected to boost earnings per share due to an increase in insurance premiums and investment income.
Insurance Industry TrendsRising auto and home insurance prices are likely to provide primary insurers with additional funds to enhance their reinsurance protections.
Bears Say
Earnings PerformanceGross premiums grew by 14%, falling short of the analyst's 21% estimate due to lower premiums within other property and casualty.
Tax Legislation ImpactNotable variances versus the analyst's estimate include a lower income tax rate related to recently enacted Bermuda tax legislation that will raise RenRe’s tax rate beginning January 1, 2025.
Valuation ConcernDespite improving fundamentals in global reinsurance markets, the analyst believes the stock's current 1.3x book value multiple appropriately reflects their ROE expectations.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
RNR FAQ
What was Renaissancere Holdings Ltd’s price range in the past 12 months?
Renaissancere Holdings Ltd lowest stock price was $173.27 and its highest was $239.42 in the past 12 months.
What is Renaissancere Holdings Ltd’s market cap?
Currently, no data Available
When is Renaissancere Holdings Ltd’s upcoming earnings report date?
Renaissancere Holdings Ltd’s upcoming earnings report date is Apr 30, 2024 which is in 9 days.
How were Renaissancere Holdings Ltd’s earnings last quarter?
Renaissancere Holdings Ltd released its earnings results on Jan 30, 2024. The company reported $11.77 earnings per share for the quarter, beating the consensus estimate of $8.315 by $3.455.
Is Renaissancere Holdings Ltd overvalued?
According to Wall Street analysts Renaissancere Holdings Ltd’s price is currently Undervalued.
Does Renaissancere Holdings Ltd pay dividends?
Renaissancere Holdings Ltd pays a Quarterly dividend of $0.39 which represents an annual dividend yield of 0.69%. See more information on Renaissancere Holdings Ltd dividends here
What is Renaissancere Holdings Ltd’s EPS estimate?
Renaissancere Holdings Ltd’s EPS estimate is $9.56.
How many shares outstanding does Renaissancere Holdings Ltd have?
Renaissancere Holdings Ltd has 52,694,416 shares outstanding.
What happened to Renaissancere Holdings Ltd’s price movement after its last earnings report?
Renaissancere Holdings Ltd reported an EPS of $11.77 in its last earnings report, beating expectations of $8.315. Following the earnings report the stock price went up 6.404%.
Which hedge fund is a major shareholder of Renaissancere Holdings Ltd?
Among the largest hedge funds holding Renaissancere Holdings Ltd’s share is Egerton Capital (UK) LLP. It holds Renaissancere Holdings Ltd’s shares valued at 322M.
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Renaissancere Holdings Stock Smart Score
Neutral
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$268.40 (19.43% Upside)
$268.40 (19.43% Upside)
Blogger Sentiment
Bullish
RNR Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 61.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $783.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▲ 0.3%
Last 30 Days ▼ 1.3%
Last 30 Days ▼ 1.3%
Technicals
SMA
Positive
20 days / 200 days
Momentum
7.70%
12-Months-Change
Fundamentals
Return on Equity
34.15%
Trailing 12-Months
Asset Growth
38.35%
Trailing 12-Months
Company Description
Renaissancere Holdings Ltd
RenaissanceRe Holdings Ltd. engages in the provision of reinsurance and insurance services. It operates through the following segments: Property, Casualty and Specialty, and Other. The Property segment comprises of catastrophe, and other property reinsurance and insurance. The Casualty and Specialty segment deals with casualty and specialty reinsurance and insurance. The Other segment includes strategic investments, investments unit, corporate expense, capital servicing costs, and non-controlling interests. The company was founded by Neill A. Currie on June 7, 1993 and is headquartered in Pembroke, Bermuda.
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RNR Earnings Call
Q4 2024
0:00 / 0:00
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RNR Stock 12 Months Forecast
Average Price Target
$268.40
▲(19.43% Upside)
Technical Analysis
Best Analysts Covering RNR
1 Year
1 Year Success Rate
23/27 ratings generated profit
1 Year Average Return
+15.32%
reiterated a buy rating 12 days ago
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