Zacks Research Lowers Earnings Estimates for RenaissanceRe

RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) - Zacks Research cut their Q1 2025 earnings estimates for RenaissanceRe in a research report issued on Monday, April 14th. Zacks Research analyst K. Dey now anticipates that the insurance provider will post earnings of $0.35 per share for the quarter, down from their previous forecast of $1.77. The consensus estimate for RenaissanceRe's current full-year earnings is $26.04 per share. Zacks Research also issued estimates for RenaissanceRe's Q2 2025 earnings at $11.40 EPS, Q3 2025 earnings at $4.00 EPS, Q4 2025 earnings at $8.59 EPS, Q1 2026 earnings at $6.91 EPS, Q2 2026 earnings at $12.41 EPS, Q3 2026 earnings at $8.38 EPS and Q4 2026 earnings at $10.32 EPS.

Several other equities analysts have also recently commented on RNR. Bank of America reduced their target price on RenaissanceRe from $437.00 to $426.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Barclays decreased their price target on RenaissanceRe from $234.00 to $231.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. JMP Securities reiterated a "market perform" rating on shares of RenaissanceRe in a research report on Thursday, January 30th. Wells Fargo & Company reduced their price objective on RenaissanceRe from $277.00 to $271.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, Morgan Stanley dropped their target price on shares of RenaissanceRe from $265.00 to $245.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $280.80.

RenaissanceRe Stock Up 3.2 %

Shares of RenaissanceRe stock traded up $7.42 during trading hours on Thursday, hitting $242.24. 101,687 shares of the company's stock traded hands, compared to its average volume of 527,980. The company has a market cap of $11.87 billion, a PE ratio of 6.92, a PEG ratio of 2.09 and a beta of 0.29. RenaissanceRe has a twelve month low of $208.98 and a twelve month high of $300.00. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.19. The stock has a 50 day simple moving average of $237.30 and a 200-day simple moving average of $252.85.

RenaissanceRe (NYSE:RNR - Get Free Report) last posted its 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 return on equity of 23.41% and a net margin of 15.99%.

Institutional Investors Weigh In On RenaissanceRe

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RNR. First Trust Advisors LP increased its position in RenaissanceRe by 462.8% in the 4th quarter. First Trust Advisors LP now owns 864,252 shares of the insurance provider's stock worth $215,035,000 after purchasing an additional 710,698 shares during the last quarter. Norges Bank bought a new position in shares of RenaissanceRe during the 4th quarter valued at $173,530,000. Boston Partners boosted its holdings in RenaissanceRe by 28.5% in the fourth quarter. Boston Partners now owns 2,013,382 shares of the insurance provider's stock worth $500,991,000 after purchasing an additional 446,781 shares in the last quarter. GAMMA Investing LLC raised its holdings in RenaissanceRe by 33,487.8% during the first quarter. GAMMA Investing LLC now owns 396,000 shares of the insurance provider's stock valued at $95,040,000 after buying an additional 394,821 shares in the last quarter. Finally, Capital World Investors boosted its stake in shares of RenaissanceRe by 8.8% during the 4th quarter. Capital World Investors now owns 2,882,835 shares of the insurance provider's stock worth $717,278,000 after acquiring an additional 233,708 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company's stock.

RenaissanceRe Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.40 dividend. This is an increase from RenaissanceRe's previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.66%. RenaissanceRe's dividend payout ratio is currently 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.