Recent Research Analysts’ Ratings Changes for RenaissanceRe (RNR)

RenaissanceRe (NYSE: RNR) has recently received a number of price target changes and ratings updates:

• 2/4/2025 – RenaissanceRe had its price target lowered by analysts at Keefe, Bruyette & Woods from $318.00 to $294.00. They now have an “outperform” rating on the stock.
• 1/31/2025 – RenaissanceRe had its price target lowered by analysts at Morgan Stanley from $265.00 to $245.00. They now have an “equal weight” rating on the stock.
• 1/30/2025 – RenaissanceRe had its price target lowered by analysts at Wells Fargo & Company from $288.00 to $277.00. They now have an “overweight” rating on the stock.
• 1/30/2025 – RenaissanceRe had its “market perform” rating reaffirmed by analysts at JMP Securities.
• 1/14/2025 – RenaissanceRe had its price target lowered by analysts at Wells Fargo & Company from $301.00 to $288.00. They now have an “overweight” rating on the stock.
• 1/10/2025 – RenaissanceRe had its price target raised by analysts at Keefe, Bruyette & Woods from $310.00 to $318.00. They now have an “outperform” rating on the stock.
• 1/6/2025 – RenaissanceRe was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating. They now have a $234.00 price target on the stock, down previously from $284.00.
• 1/3/2025 – RenaissanceRe had its price target raised by analysts at JPMorgan Chase & Co. from $280.00 to $284.00. They now have a “neutral” rating on the stock.
• 12/18/2024 – RenaissanceRe had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $282.00 price target on the stock, down previously from $304.00.

RenaissanceRe Price Performance

NYSE RNR traded up $0.98 on Tuesday, reaching $233.21. 389,899 shares of the company’s stock traded hands, compared to its average volume of 587,776. RenaissanceRe Holdings Ltd. has a 12 month low of $208.98 and a 12 month high of $300.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.42 and a quick ratio of 1.43. The stock has a 50-day simple moving average of $258.91 and a 200 day simple moving average of $257.61. The stock has a market cap of $12.11 billion, a PE ratio of 6.66, a P/E/G ratio of 1.65 and a beta of 0.43.

RenaissanceRe (NYSE:RNR) last announced its quarterly earnings results on Tuesday, January 28th. The insurance provider reported $8.06 EPS for the quarter, topping analysts’ consensus estimates of $6.94 by $1.12. RenaissanceRe had a return on equity of 23.41% and a net margin of 15.99%. As a group, research analysts predict that RenaissanceRe Holdings Ltd. will post 33.43 earnings per share for the current year.

RenaissanceRe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Friday, December 13th. RenaissanceRe’s payout ratio is 4.45%.

Insider Buying and Selling at RenaissanceRe

In other news, EVP David E. Marra sold 1,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $254.16, for a total transaction of $254,160.00. Following the completion of the transaction, the executive vice president now directly owns 79,392 shares in the company, valued at $20,178,270.72. This trade represents a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On RenaissanceRe

Several large investors have recently bought and sold shares of RNR. Northwestern Mutual Wealth Management Co. increased its holdings in RenaissanceRe by 23.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 342 shares of the insurance provider’s stock worth $76,000 after buying an additional 64 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in RenaissanceRe in the 2nd quarter worth approximately $229,000. Handelsbanken Fonder AB lifted its holdings in RenaissanceRe by 11.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 12,300 shares of the insurance provider’s stock worth $3,351,000 after purchasing an additional 1,300 shares in the last quarter. GAMMA Investing LLC increased its stake in RenaissanceRe by 68.5% in the 3rd quarter. GAMMA Investing LLC now owns 959 shares of the insurance provider’s stock worth $261,000 after acquiring an additional 390 shares during the last quarter. Finally, Greenfield Savings Bank bought a new stake in RenaissanceRe in the 3rd quarter worth approximately $230,000. 99.97% of the stock is currently owned by institutional investors.

RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance and excess of loss reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S.