FY2025 EPS Estimates for RenaissanceRe Cut by Zacks Research

RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) - Analysts at Zacks Research dropped their FY2025 earnings per share (EPS) estimates for shares of RenaissanceRe in a research note issued to investors on Monday, April 14th. Zacks Research analyst K. Dey now expects that the insurance provider will earn $24.35 per share for the year, down from their previous forecast of $25.41. The consensus estimate for RenaissanceRe's current full-year earnings is $26.04 per share. Zacks Research also issued estimates for RenaissanceRe's FY2026 earnings at $38.02 EPS, Q1 2027 earnings at $7.61 EPS and FY2027 earnings at $42.14 EPS.

A number of other analysts also recently issued reports on RNR. Morgan Stanley reduced their price objective on RenaissanceRe from $265.00 to $245.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. JMP Securities restated a "market perform" rating on shares of RenaissanceRe in a research report on Thursday, January 30th. JPMorgan Chase & Co. upgraded shares of RenaissanceRe from a "neutral" rating to an "overweight" rating and set a $284.00 price objective for the company in a research report on Tuesday, April 8th. Wells Fargo & Company decreased their target price on shares of RenaissanceRe from $277.00 to $271.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Finally, Jefferies Financial Group dropped their price target on RenaissanceRe from $266.00 to $265.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, RenaissanceRe presently has an average rating of "Hold" and an average target price of $280.80.

RenaissanceRe Price Performance

Shares of RNR stock traded down $6.71 during trading hours on Wednesday, hitting $233.94. The stock had a trading volume of 117,860 shares, compared to its average volume of 416,740. The stock's 50-day moving average price is $237.23 and its two-hundred day moving average price is $253.17. RenaissanceRe has a one year low of $208.98 and a one year high of $300.00. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 2.09 and a beta of 0.29. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.42 and a quick ratio of 1.42.

RenaissanceRe (NYSE:RNR - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The insurance provider reported $8.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.94 by $1.12. RenaissanceRe had a net margin of 15.99% and a return on equity of 23.41%.

Institutional Trading of RenaissanceRe

Institutional investors and hedge funds have recently modified their holdings of the stock. Impax Asset Management Group plc raised its position in RenaissanceRe by 10.8% during the 4th quarter. Impax Asset Management Group plc now owns 1,880,166 shares of the insurance provider's stock valued at $466,969,000 after purchasing an additional 182,530 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of RenaissanceRe in the third quarter valued at about $16,176,000. Barclays PLC lifted its stake in RenaissanceRe by 57.1% in the third quarter. Barclays PLC now owns 22,923 shares of the insurance provider's stock worth $6,244,000 after acquiring an additional 8,333 shares during the period. Trexquant Investment LP bought a new position in RenaissanceRe during the 4th quarter worth about $561,000. Finally, Proficio Capital Partners LLC purchased a new position in RenaissanceRe during the 4th quarter valued at about $7,986,000. Institutional investors own 99.97% of the company's stock.

RenaissanceRe Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.68%. This is a boost from RenaissanceRe's previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 14th. RenaissanceRe's payout ratio is 4.57%.

RenaissanceRe Company Profile

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.