Wells Fargo & Company Boosts RenaissanceRe (NYSE:RNR) Price Target to $329.00

Posted by Brenda Bartman on Jul 9th, 2026

RenaissanceRe (NYSE:RNR – Get Free Report) had its price objective upped by investment analysts at Wells Fargo & Company from $306.00 to $329.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 4.56% from the stock’s current price.

A number of other research firms have also weighed in on RNR. Keefe, Bruyette & Woods raised their price target on shares of RenaissanceRe from $327.00 to $342.00 and gave the company a “market perform” rating in a research report on Wednesday. UBS Group increased their price objective on shares of RenaissanceRe from $326.00 to $342.00 and gave the company a “neutral” rating in a research note on Wednesday. Cantor Fitzgerald lifted their target price on shares of RenaissanceRe from $340.00 to $354.00 and gave the stock an “overweight” rating in a research report on Thursday. Evercore set a $309.00 target price on RenaissanceRe in a research note on Thursday, April 9th. Finally, Citigroup raised RenaissanceRe from a “neutral” rating to a “buy” rating and upped their target price for the company from $335.00 to $345.00 in a report on Wednesday, June 10th. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $331.07.

Read Our Latest Analysis on RenaissanceRe

RenaissanceRe Stock Down 2.4%

Shares of RenaissanceRe stock traded down $7.72 on Thursday, hitting $314.65. The company had a trading volume of 263,204 shares, compared to its average volume of 367,638. The stock has a market capitalization of $13.41 billion, a price-to-earnings ratio of 5.25, a P/E/G ratio of 1.21 and a beta of 0.17. RenaissanceRe has a 1 year low of $231.17 and a 1 year high of $329.57. The stock has a 50 day moving average of $300.54 and a 200-day moving average of $295.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.37 and a current ratio of 1.37.

RenaissanceRe (NYSE:RNR – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $13.75 EPS for the quarter. RenaissanceRe had a return on equity of 24.01% and a net margin of 24.25%.The business had revenue of $2.19 billion during the quarter. As a group, sell-side analysts forecast that RenaissanceRe will post 40.19 earnings per share for the current year.

Institutional Investors Weigh In On RenaissanceRe

Several large investors have recently added to or reduced their stakes in RNR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in RenaissanceRe by 39.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,687 shares of the insurance provider’s stock worth $2,325,000 after purchasing an additional 2,737 shares during the period. Millennium Management LLC purchased a new stake in shares of RenaissanceRe in the first quarter worth about $15,289,000. Jones Financial Companies Lllp boosted its position in shares of RenaissanceRe by 900.0% in the first quarter. Jones Financial Companies Lllp now owns 1,350 shares of the insurance provider’s stock valued at $324,000 after acquiring an additional 1,215 shares during the period. Goldman Sachs Group Inc. grew its stake in RenaissanceRe by 72.5% during the first quarter. Goldman Sachs Group Inc. now owns 57,186 shares of the insurance provider’s stock valued at $13,725,000 after acquiring an additional 24,027 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in RenaissanceRe by 18.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 441 shares of the insurance provider’s stock valued at $107,000 after acquiring an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

About RenaissanceRe

(Get Free Report)

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.