5 hours Ago By Defense World Staff
RenaissanceRe ( NYSE:RNR – Free Report ) had its price target trimmed by Wells Fargo & Company from $288.00 to $277.00 in a report released on Thursday, Benzinga reports.
The brokerage currently has an overweight rating on the insurance provider’s stock. A number of other brokerages also recently commented on RNR. Evercore ISI upped their price objective on RenaissanceRe from $229.
00 to $246.00 and gave the stock an “underperform” rating in a research note on Thursday, November 7th. Jefferies Financial Group restated a “hold” rating and set a $282.
00 price objective (down from $304.00) on shares of RenaissanceRe in a research note on Wednesday, December 18th. StockNews.
com lowered shares of RenaissanceRe from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Barclays lowered shares of RenaissanceRe from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $284.00 to $234.
00 in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of RenaissanceRe from $280.
00 to $284.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock.
According to MarketBeat.com, RenaissanceRe has an average rating of “Hold” and an average target price of $283.45.
Get Our Latest Report on RNR RenaissanceRe Trading Down 2.5 % RenaissanceRe ( NYSE:RNR – Get Free Report ) last issued its earnings results on Tuesday, January 28th. The insurance provider reported $8.
06 EPS for the quarter, topping the consensus estimate of $6.94 by $1.12.
RenaissanceRe had a return on equity of 23.51% and a net margin of 15.99%.
As a group, research analysts expect that RenaissanceRe will post 34.22 EPS for the current fiscal year. RenaissanceRe Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st.
Shareholders of record on Friday, December 13th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, December 13th.
This represents a $1.56 dividend on an annualized basis and a yield of 0.67%.
RenaissanceRe’s payout ratio is presently 4.45%. Insider Activity at RenaissanceRe 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 transaction of $254,160.
00. Following the transaction, the executive vice president now owns 79,392 shares in the company, valued at approximately $20,178,270.72.
This trade represents a 1.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .
1.30% of the stock is currently owned by insiders. Institutional Trading of RenaissanceRe Several large investors have recently made changes to their positions in the stock.
Impax Asset Management Group plc raised its holdings in RenaissanceRe by 32.4% in the 3rd quarter. Impax Asset Management Group plc now owns 1,697,636 shares of the insurance provider’s stock worth $461,679,000 after acquiring an additional 415,366 shares during the period.
Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of RenaissanceRe in the third quarter worth $18,969,000. Northwest & Ethical Investments L.P.
bought a new position in shares of RenaissanceRe during the 3rd quarter worth about $17,086,000. World Investment Advisors LLC bought a new position in RenaissanceRe during the third quarter valued at about $16,176,000. Finally, Assetmark Inc.
raised its stake in shares of RenaissanceRe by 115.3% in the third quarter. Assetmark Inc.
now owns 81,006 shares of the insurance provider’s stock valued at $22,066,000 after purchasing an additional 43,384 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.S. See Also Five stocks we like better than RenaissanceRe What is an Earnings Surprise? ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains Why Invest in High-Yield Dividend Stocks? Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead Where to Find Earnings Call Transcripts Beyond Self-Driving Cars: Factory Automation Takes Center Stage Receive News & Ratings for RenaissanceRe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RenaissanceRe and related companies with MarketBeat.
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