1 week Ago By ABMN Staff
RenaissanceRe ( NYSE:RNR – Get Free Report ) had its target price reduced by equities researchers at Jefferies Financial Group from $266.00 to $265.00 in a research note issued on Friday, Benzinga reports.
The firm presently has a “hold” rating on the insurance provider’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 11.38% from the stock’s previous close.
Several other brokerages have also issued reports on RNR. Barclays lowered RenaissanceRe from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $284.00 to $234.
00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods dropped their target price on RenaissanceRe from $318.00 to $294.
00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Morgan Stanley reduced their price target on shares of RenaissanceRe from $265.00 to $245.
00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. JMP Securities restated a “market perform” rating on shares of RenaissanceRe in a report on Thursday, January 30th. Finally, Bank of America cut their price objective on shares of RenaissanceRe from $437.
00 to $426.00 and set a “buy” rating for the company in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock.
According to data from MarketBeat, RenaissanceRe presently has a consensus rating of “Hold” and a consensus target price of $280.80. Get Our Latest Stock Analysis on RNR RenaissanceRe Stock Up 2.
5 % RenaissanceRe ( NYSE:RNR – Get Free Report ) last issued its quarterly earnings results on Tuesday, January 28th. The insurance provider reported $8.06 EPS for the quarter, topping 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%. Sell-side analysts predict that RenaissanceRe will post 26.
04 EPS for the current fiscal year. Insider Activity In other RenaissanceRe news, EVP David E. Marra sold 1,000 shares of the firm’s stock in a transaction on Wednesday, January 15th.
The stock was sold at an average price of $254.16, for a total transaction of $254,160.00.
Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link . Insiders own 2.
00% of the company’s stock. Hedge Funds Weigh In On RenaissanceRe Institutional investors and hedge funds have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd purchased a new stake in RenaissanceRe during the 4th quarter valued at $27,000.
SBI Securities Co. Ltd. purchased a new position in shares of RenaissanceRe during the 4th quarter valued at $29,000.
MassMutual Private Wealth & Trust FSB grew its position in shares of RenaissanceRe by 51.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 121 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 41 shares in the last quarter.
Jones Financial Companies Lllp grew its stake in RenaissanceRe by 1,587.5% during the fourth quarter. Jones Financial Companies Lllp now owns 135 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 127 shares in the last quarter.
Finally, Smartleaf Asset Management LLC lifted its position in shares of RenaissanceRe by 71.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 156 shares of the insurance provider’s stock worth $39,000 after buying an additional 65 shares in the last quarter.
Institutional investors own 99.97% of the company’s stock. RenaissanceRe Company Profile ( Get Free Report ) 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.
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