RenaissanceRe Holdings Ltd. (NYSE:RNR – Get Free Report) has received a consensus recommendation of “Hold” from the seventeen brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $335.3333.
Several research analysts have commented on the company. Morgan Stanley lifted their price target on RenaissanceRe from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. TD Cowen raised their target price on shares of RenaissanceRe from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Tuesday, July 7th. Mizuho lifted their target price on shares of RenaissanceRe from $325.00 to $329.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Bank of America upped their price target on shares of RenaissanceRe from $410.00 to $438.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Citigroup upgraded shares of RenaissanceRe from a “neutral” rating to a “buy” rating and increased their price target for the stock from $335.00 to $345.00 in a research note on Wednesday, June 10th.
Get Our Latest Research Report on RenaissanceRe
Key Stories Impacting RenaissanceRe
- 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 Stock Performance
NYSE RNR opened at $316.86 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.37. RenaissanceRe has a 1 year low of $231.17 and a 1 year high of $329.57. The company has a market capitalization of $13.51 billion, a PE ratio of 5.44, a P/E/G ratio of 1.24 and a beta of 0.17. The company has a fifty day moving average of $304.42 and a two-hundred day moving average of $298.21.
RenaissanceRe (NYSE:RNR – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The insurance provider reported $12.92 EPS for the quarter, topping analysts’ consensus estimates of $11.72 by $1.20. RenaissanceRe had a return on equity of 23.25% and a net margin of 23.65%.The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the firm earned $12.29 earnings per share. As a group, analysts expect that RenaissanceRe will post 40.57 earnings per share for the current year.
RenaissanceRe Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 15th. RenaissanceRe’s dividend payout ratio is presently 2.73%.
Hedge Funds Weigh In On RenaissanceRe
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kingdom Financial Group LLC. purchased a new stake in RenaissanceRe during the 4th quarter valued at approximately $36,000. Quarry LP grew its stake in shares of RenaissanceRe by 65.0% in the 3rd quarter. Quarry LP now owns 132 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 52 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of RenaissanceRe by 235.0% in the third quarter. CIBC Private Wealth Group LLC now owns 134 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 94 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in shares of RenaissanceRe in the fourth quarter valued at approximately $38,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of RenaissanceRe by 33.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 147 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.
About RenaissanceRe
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.
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