RenaissanceRe (RNR) to Release Quarterly Earnings on Tuesday

RenaissanceRe (NYSE:RNR - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Tuesday, January 28th. Analysts expect RenaissanceRe to post earnings of $6.94 per share and revenue of $2,682,500.00 billion for the quarter. Investors interested in listening to the company's conference call can do so using this link.

RenaissanceRe (NYSE:RNR - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $10.23 earnings per share for the quarter, beating analysts' consensus estimates of $7.89 by $2.34. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.35 billion. RenaissanceRe had a return on equity of 26.31% and a net margin of 28.84%. The company's revenue for the quarter was up 52.1% compared to the same quarter last year. During the same period in the previous year, the business earned $8.33 earnings per share. On average, analysts expect RenaissanceRe to post $42 EPS for the current fiscal year and $34 EPS for the next fiscal year.

RenaissanceRe Price Performance

Shares of NYSE RNR traded down $0.22 during trading on Tuesday, hitting $257.24. 167,864 shares of the company were exchanged, compared to its average volume of 526,446. RenaissanceRe has a 1 year low of $205.62 and a 1 year high of $300.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $13.36 billion, a price-to-earnings ratio of 3.72, a PEG ratio of 1.90 and a beta of 0.44. The firm's fifty day moving average price is $262.19 and its 200 day moving average price is $255.73.

RenaissanceRe Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, December 13th. RenaissanceRe's dividend payout ratio is currently 2.25%.

Insider Buying and Selling

In other news, EVP David E. Marra sold 1,000 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $254.16, for a total value of $254,160.00. Following the transaction, the executive vice president now owns 79,392 shares of the company's stock, valued at approximately $20,178,270.72. This trade represents a 1.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company's stock.

Analyst Ratings Changes

RNR has been the subject of several research reports. Jefferies Financial Group reaffirmed a "hold" rating and set a $282.00 price target (down previously from $304.00) on shares of RenaissanceRe in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods upped their price target on shares of RenaissanceRe from $310.00 to $318.00 and gave the company an "outperform" rating in a report on Friday, January 10th. Bank of America increased their price target on shares of RenaissanceRe from $364.00 to $391.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price objective on RenaissanceRe from $280.00 to $284.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company lowered their target price on RenaissanceRe from $301.00 to $288.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. Two equities 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $284.00.

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.