RNR stock icon

RenaissanceRe
RNR

$229.43
0.03%

Market Cap: 12.1B

 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 10 analysts
0
News positive %
of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

90% more first-time investments, than exits

New positions opened: 80 | Existing positions closed: 42

18% more capital invested

Capital invested by funds: $10.1B [Q4 2023] → $11.9B (+$1.78B) [Q1 2024]

10% more funds holding

Funds holding: 385 [Q4 2023] → 423 (+38) [Q1 2024]

4% more repeat investments, than reductions

Existing positions increased: 146 | Existing positions reduced: 141

4.58% less ownership

Funds ownership: 100.47% [Q4 2023] → 95.89% (-4.58%) [Q1 2024]

22% less funds holding in top 10

Funds holding in top 10: 9 [Q4 2023] → 7 (-2) [Q1 2024]

39% less call options, than puts

Call options by funds: $21.2M | Put options by funds: $34.6M

Research analyst outlook

10 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$216
6%
downside
Avg. target
$255
11%
upside
High target
$347
51%
upside

10 analyst ratings

positive
20%
neutral
60%
negative
20%
B of A Securities
Joshua Shanker
51%upside
$347
Buy
Maintained
11 Jul 2024
JP Morgan
Jimmy Bhullar
16%upside
$265
Neutral
Maintained
11 Jul 2024
Morgan Stanley
Michael Phillips
5%upside
$240
Equal-Weight
Maintained
10 Jul 2024
UBS
Brian Meredith
8%upside
$248
Neutral
Maintained
9 Jul 2024
Evercore ISI Group
David Motemaden
5%downside
$218
Underperform
Maintained
1 May 2024

Financial journalist opinion

Based on 3 articles about RNR published over the past 30 days