RenaissanceRe (NYSE:RNR) Price Target Raised to $438.00 at Bank of America

RenaissanceRe (NYSE:RNR) had its price objective lifted by Bank of America from $410.00 to $438.00 in a research report report published on Thursday,Benzinga reports. Bank of America currently has a buy rating on the insurance provider’s stock.

A number of other equities analysts also recently weighed in on RNR. JPMorgan Chase & Co. upped their target price on RenaissanceRe from $329.00 to $360.00 and gave the company a “neutral” rating in a report on Monday. Citigroup upgraded shares of RenaissanceRe from a “neutral” rating to a “buy” rating and raised their price target for the stock from $335.00 to $345.00 in a report on Wednesday, June 10th. TD Cowen boosted their price objective on shares of RenaissanceRe from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. Wells Fargo & Company upped their price objective on shares of RenaissanceRe from $306.00 to $329.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Finally, Wall Street Zen downgraded shares of RenaissanceRe from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $335.33.

RenaissanceRe Stock Performance

Shares of RNR stock opened at $316.86 on Thursday. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 5.44, a P/E/G ratio of 1.24 and a beta of 0.17. RenaissanceRe has a 1-year low of $231.17 and a 1-year high of $329.57. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.22. The stock’s fifty day simple moving average is $304.42 and its 200-day simple moving average is $298.21.

RenaissanceRe (NYSE:RNR) last announced its quarterly earnings data on Wednesday, July 22nd. The insurance provider reported $12.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.72 by $1.20. RenaissanceRe had a return on equity of 23.25% and a net margin of 23.65%.The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the business earned $12.29 EPS. On average, sell-side analysts predict that RenaissanceRe will post 40.57 earnings per share for the current fiscal year.

RenaissanceRe Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 0.5%. RenaissanceRe’s dividend payout ratio (DPR) is 2.73%.

Institutional Investors Weigh In On RenaissanceRe

Large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in RenaissanceRe by 39.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,687 shares of the insurance provider’s stock valued at $2,325,000 after acquiring an additional 2,737 shares in the last quarter. Millennium Management LLC bought a new stake in RenaissanceRe in the first quarter worth approximately $15,289,000. Jones Financial Companies Lllp grew its position in RenaissanceRe by 900.0% in the first quarter. Jones Financial Companies Lllp now owns 1,350 shares of the insurance provider’s stock worth $324,000 after acquiring an additional 1,215 shares in the last quarter. Goldman Sachs Group Inc. grew its position in RenaissanceRe by 72.5% in the first quarter. Goldman Sachs Group Inc. now owns 57,186 shares of the insurance provider’s stock worth $13,725,000 after acquiring an additional 24,027 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of RenaissanceRe by 18.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 441 shares of the insurance provider’s stock worth $107,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

Key Headlines Impacting RenaissanceRe

Here are the key news stories impacting RenaissanceRe this week:

• Positive Sentiment: RenaissanceRe beat Q2 expectations, reporting $12.92 EPS versus consensus estimates around $11.44-$11.72, with revenue of $2.77 billion above estimates. The company also highlighted stronger operating income, higher investment income, and lower expenses. RenaissanceRe Holdings Ltd (RNR) Q2 2026 Earnings Call Highlights
• Positive Sentiment: Bank of America raised its price target on RNR to $438 from $410 and kept a Buy rating, signaling confidence in further upside after the earnings beat. Benzinga report on Bank of America price target increase
• Positive Sentiment: JPMorgan also lifted its price target to $360, and AM Best affirmed the credit ratings of RenaissanceRe and its core subsidiaries, reinforcing balance-sheet and credit quality confidence. JPMorgan Chase & Co. Increases RenaissanceRe (NYSE:RNR) Price Target to $360.00 AM Best Affirms Credit Ratings of RenaissanceRe Holdings Ltd., Its Core Subsidiaries and Joint Ventures
• Neutral Sentiment: Analyst coverage remains mixed overall, with one report noting an average rating of Hold, suggesting the market may still be waiting for more evidence that earnings strength can sustain. RenaissanceRe Holdings Ltd. (NYSE:RNR) Given Average Rating of “Hold” by Analysts
• Negative Sentiment: Some commentary pointed to weaker premiums and revenues even as earnings beat estimates, which may be limiting investor enthusiasm and contributing to the stock’s recent pullback. RNR Q2 Earnings Beat on Higher Investment Income and Lower Expenses

RenaissanceRe Company Profile

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance solutions, specializing in property catastrophe, casualty, and specialty lines. Established in 1993 and headquartered in Bermuda, the company trades on the New York Stock Exchange under the symbol RNR. With a focus on underwriting and risk assessment, RenaissanceRe offers tailored programs designed to help insurers and corporations manage exposure to natural disasters, liability claims, and other complex risks.

The company operates through two primary segments: Reinsurance and Insurance.