Zacks Research Raises Earnings Estimates for RenaissanceRe

RenaissanceRe Holdings Ltd. (NYSE:RNR) – Equities researchers at Zacks Research lifted their Q1 2025 earnings estimates for RenaissanceRe in a report released on Tuesday, November 19th. Zacks Research analyst K. Dey now expects that the insurance provider will post earnings per share of $10.90 for the quarter, up from their previous forecast of $10.60. The consensus estimate for RenaissanceRe’s current full-year earnings is $40.57 per share. Zacks Research also issued estimates for RenaissanceRe’s Q2 2025 earnings at $11.44 EPS, FY2025 earnings at $35.25 EPS, Q1 2026 earnings at $13.17 EPS and FY2026 earnings at $41.12 EPS.

RenaissanceRe (NYSE:RNR) last announced its earnings results on Wednesday, November 6th. The insurance provider reported $10.23 earnings per share for the quarter, beating the consensus estimate of $7.89 by $2.34. RenaissanceRe had a net margin of 28.84% and a return on equity of 26.31%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the firm earned $8.33 earnings per share. RenaissanceRe’s revenue was up 52.1% compared to the same quarter last year.

Several other research firms also recently commented on RNR. Evercore ISI lifted their price objective on shares of RenaissanceRe from $229.00 to $246.00 and gave the stock an “underperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of RenaissanceRe from $274.00 to $280.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Barclays started coverage on shares of RenaissanceRe in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $287.00 price objective for the company. StockNews.com downgraded shares of RenaissanceRe from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their target price on shares of RenaissanceRe from $280.00 to $314.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $293.00.

RenaissanceRe Trading Down 0.1 %

NYSE:RNR opened at $264.30 on Thursday. RenaissanceRe has a 12 month low of $188.24 and a 12 month high of $300.00. The firm has a fifty day simple moving average of $268.38 and a 200-day simple moving average of $244.22. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $13.73 billion, a P/E ratio of 3.81, a PEG ratio of 1.33 and a beta of 0.39.

RenaissanceRe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.56 annualized dividend and a yield of 0.59%. RenaissanceRe’s dividend payout ratio is presently 2.25%.

Insider Activity at RenaissanceRe

In other RenaissanceRe 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 transaction, the executive vice president now directly owns 82,044 shares in the company, valued at $22,890,276. The trade was a 1.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RenaissanceRe

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rehmann Capital Advisory Group acquired a new position in RenaissanceRe in the 3rd quarter valued at about $256,000. Coldstream Capital Management Inc. acquired a new position in RenaissanceRe in the 3rd quarter valued at about $257,000. Geode Capital Management LLC lifted its holdings in shares of RenaissanceRe by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 920,814 shares of the insurance provider’s stock worth $250,892,000 after acquiring an additional 25,773 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of RenaissanceRe by 4.4% in the 3rd quarter. M&T Bank Corp now owns 4,516 shares of the insurance provider’s stock worth $1,230,000 after acquiring an additional 190 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of RenaissanceRe by 57.1% in the 3rd 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 last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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.