RenaissanceRe Holdings Ltd. (NYSE:RNR – Get Free Report) announced a quarterly dividend on Wednesday, November 11th. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.41 per share by the insurance provider on Thursday, December 31st. This represents a $1.64 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, December 15th.
RenaissanceRe has a dividend payout ratio of 4.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RenaissanceRe to earn $42.24 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 3.9%.
RenaissanceRe Stock Down 0.6%
Shares of RNR opened at $353.59 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.22. The stock has a fifty day simple moving average of $336.59 and a two-hundred day simple moving average of $313.19. RenaissanceRe has a 52-week low of $251.60 and a 52-week high of $363.84. The company has a market capitalization of $14.29 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 0.92 and a beta of 0.11.
RenaissanceRe (NYSE:RNR – Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The insurance provider reported $12.71 EPS for the quarter, beating the consensus estimate of $10.56 by $2.15. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.78 billion. RenaissanceRe had a return on equity of 21.13% and a net margin of 16.25%. During the same quarter in the prior year, the company posted $15.62 EPS. As a group, equities analysts forecast that RenaissanceRe will post 49.24 EPS for the current year.
About RenaissanceRe
RenaissanceRe Holdings Ltd. is a Bermuda-based provider of reinsurance and insurance, serving clients around the world. The company focuses on helping insurers and other businesses manage risks that can be difficult to predict or absorb. Its main offerings include property catastrophe reinsurance, which helps protect insurers against losses from events such as hurricanes and earthquakes, as well as casualty and specialty reinsurance and insurance. RenaissanceRe also manages capital on behalf of third-party investors and uses risk modeling to assess and manage its exposure.
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