RenaissanceRe (RNR) Scheduled to Post Quarterly Earnings on Wednesday

RenaissanceRe (NYSE:RNR - Get Free Report) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect RenaissanceRe to post earnings of $4.60 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

RenaissanceRe Price Performance

Shares of RenaissanceRe stock traded down $0.19 during trading hours on Wednesday, reaching $267.89. The company's stock had a trading volume of 99,593 shares, compared to its average volume of 343,338. The firm has a 50 day moving average price of $265.06 and a 200-day moving average price of $239.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $14.17 billion, a P/E ratio of 5.92, a P/E/G ratio of 1.75 and a beta of 0.38. RenaissanceRe has a one year low of $188.24 and a one year high of $284.36.

Analyst Upgrades and Downgrades

RNR has been the topic of a number of recent research reports. Jefferies Financial Group upped their price objective on RenaissanceRe from $270.00 to $314.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price objective on shares of RenaissanceRe from $267.00 to $274.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. UBS Group reduced their target price on shares of RenaissanceRe from $251.00 to $248.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 9th. Barclays initiated coverage on shares of RenaissanceRe in a report on Wednesday, September 4th. They issued an "equal weight" rating and a $287.00 target price for the company. Finally, StockNews.com lowered shares of RenaissanceRe from a "buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $289.00.

Insider Buying and Selling

In other news, EVP David E. Marra sold 1,000 shares of the business's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $279.00, for a total value of $279,000.00. Following the completion of the sale, the executive vice president now owns 82,044 shares in the company, valued at approximately $22,890,276. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

About RenaissanceRe

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.