RenaissanceRe
About: RenaissanceRe Holdings Ltd provides reinsurance and insurance solutions and related services. The company's core products include property, casualty and specialty reinsurance. Revenue is derived from three sources: net premiums earned from the insurance and insurance products sold; net investment income from the investment of capital funds and cash; and other income from the company's joint ventures, advisory services, and other items. The reportable segments of the company are the Property segment which includes catastrophe and other property reinsurance, and the Casualty and Specialty segment which is comprised of casualty and specialty reinsurance. It derives a majority of its revenue from the Casualty and specialty segment.
Employees: 925
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0% more funds holding in top 10
Funds holding in top 10: 7 [Q1] → 7 (+0) [Q2]
0.76% less ownership
Funds ownership: 96.78% [Q1] → 96.02% (-0.76%) [Q2]
1% less funds holding
Funds holding: 427 [Q1] → 423 (-4) [Q2]
7% less first-time investments, than exits
New positions opened: 52 | Existing positions closed: 56
5% less capital invested
Capital invested by funds: $12B [Q1] → $11.3B (-$624M) [Q2]
12% less repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 164
39% less call options, than puts
Call options by funds: $15.6M | Put options by funds: $25.5M
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
JP Morgan Jimmy Bhullar 63% 1-year accuracy 19 / 30 met price target | 1%downside $274 | Neutral Maintained | 10 Oct 2024 |
B of A Securities Joshua Shanker 67% 1-year accuracy 31 / 46 met price target | 42%upside $391 | Buy Maintained | 10 Oct 2024 |
Wells Fargo Elyse Greenspan 73% 1-year accuracy 53 / 73 met price target | 14%upside $314 | Overweight Maintained | 10 Oct 2024 |
Jefferies Yaron Kinar 80% 1-year accuracy 12 / 15 met price target | 14%upside $314 | Buy Maintained | 9 Oct 2024 |
Evercore ISI Group David Motemaden 50% 1-year accuracy 6 / 12 met price target | 17%downside $229 | Underperform Maintained | 9 Oct 2024 |
Financial journalist opinion
Based on 9 articles about RNR published over the past 30 days
