Shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) have been assigned an average rating of “Hold” from the seven research firms that are covering the company. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $116.80.

RNR has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of RenaissanceRe Holdings from $130.00 to $134.00 and gave the company a “market perform” rating in a report on Thursday, July 28th. Zacks Investment Research upgraded shares of RenaissanceRe Holdings from a “sell” rating to a “hold” rating in a report on Friday, October 7th.

In related news, SVP Rider Fonner Todd sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $119.47, for a total value of $179,205.00. Following the completion of the transaction, the senior vice president now owns 66,753 shares of the company’s stock, valued at approximately $7,974,980.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stephen Howard Weinstein sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $120.00, for a total transaction of $360,000.00. Following the completion of the transaction, the senior vice president now directly owns 82,511 shares of the company’s stock, valued at approximately $9,901,320. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Walleye Trading LLC purchased a new position in RenaissanceRe Holdings during the second quarter worth approximately $125,000. Seven Eight Capital LLC purchased a new position in RenaissanceRe Holdings during the first quarter worth approximately $192,000. Chevy Chase Trust Holdings Inc. purchased a new position in RenaissanceRe Holdings during the second quarter worth approximately $200,000. BTC Capital Management Inc. raised its position in RenaissanceRe Holdings by 8.8% in the second quarter. BTC Capital Management Inc. now owns 1,823 shares of the company’s stock worth $216,000 after buying an additional 148 shares in the last quarter. Finally, Gideon Capital Advisors Inc. purchased a new position in RenaissanceRe Holdings during the second quarter worth approximately $227,000. 94.50% of the stock is owned by hedge funds and other institutional investors.

RenaissanceRe Holdings (NYSE:RNR) opened at 129.08 on Monday. The firm has a market capitalization of $5.31 billion, a P/E ratio of 10.97 and a beta of 0.46. The firm has a 50-day moving average price of $122.86 and a 200 day moving average price of $117.71. RenaissanceRe Holdings has a one year low of $107.27 and a one year high of $129.14.

RenaissanceRe Holdings (NYSE:RNR) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.30. The business earned $442.47 million during the quarter, compared to analysts’ expectations of $488.38 million. RenaissanceRe Holdings had a net margin of 30.02% and a return on equity of 8.54%. The business’s revenue was up 23.9% on a year-over-year basis. During the same period last year, the firm posted $2.58 earnings per share. Equities research analysts anticipate that RenaissanceRe Holdings will post $6.59 earnings per share for the current year.

RenaissanceRe Holdings Company Profile

RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services. The Company’s core products include property catastrophe reinsurance and specialty reinsurance risks. The Company’s segments include Catastrophe Reinsurance, Specialty Reinsurance and Lloyd’s. Catastrophe Reinsurance includes catastrophe reinsurance and certain property catastrophe joint ventures managed by the Company’s ventures unit.

5 Day Chart for NYSE:RNR

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