RenaissanceRe (RNR) Stock Price, News & Analysis

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RenaissanceRe in the last year. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research 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.
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10 brokers have issued 12 month price targets for RenaissanceRe's stock. Their RNR share price targets range from $216.00 to $295.00. On average, they predict the company's stock price to reach $247.89 in the next year. This suggests a possible upside of 16.1% from the stock's current price.
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RenaissanceRe's stock was trading at $196.00 on January 1st, 2024. Since then, RNR stock has increased by 8.9% and is now trading at $213.52.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
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RenaissanceRe will be holding an earnings conference call on Wednesday, May 1st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

RenaissanceRe Holdings Ltd. (NYSE:RNR) posted its earnings results on Tuesday, January, 30th. The insurance provider reported $11.77 EPS for the quarter, beating the consensus estimate of $8.13 by $3.64. The insurance provider earned $1.59 billion during the quarter, compared to analyst estimates of $1.83 billion. RenaissanceRe had a trailing twelve-month return on equity of 26.93% and a net margin of 28.04%. The company's revenue for the quarter was up 17.9% on a year-over-year basis. During the same period last year, the company posted $7.33 EPS.

RenaissanceRe announced a quarterly dividend on Tuesday, February 6th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.39 per share on Friday, March 29th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of $0.38.
Read our dividend analysis for RNR.

RenaissanceRe (NYSE:RNR) pays an annual dividend of $1.56 per share and currently has a dividend yield of 0.72%. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 3.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RNR will have a dividend payout ratio of 4.60% next year. This indicates that the company will be able to sustain or increase its dividend.
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 Quality ETF (XMHQ), WBI BullBear Quality 3000 ETF (WBIL), Invesco S&P MidCap Value with Momentum ETF (XMVM), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).

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's stock is owned by a number of retail and institutional investors. Top institutional investors include Nepsis Inc. (0.17%), Global Assets Advisory LLC (0.08%), Alaska Permanent Fund Corp (0.03%), ARGA Investment Management LP (0.01%), First Hawaiian Bank (0.01%) and CHICAGO TRUST Co NA (0.01%). Insiders that own company stock include Brian Gerald John Gray, Carol P Sanders, David C Bushnell, David E Marra, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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