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
0
Funds holding %
of 7,372 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
79% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 42
6% more funds holding
Funds holding: 435 [Q3] → 462 (+27) [Q4]
0.47% more ownership
Funds ownership: 97.69% [Q3] → 98.16% (+0.47%) [Q4]
4% less repeat investments, than reductions
Existing positions increased: 156 | Existing positions reduced: 162
9% less capital invested
Capital invested by funds: $13.9B [Q3] → $12.7B (-$1.2B) [Q4]
38% less funds holding in top 10
Funds holding in top 10: 13 [Q3] → 8 (-5) [Q4]
53% less call options, than puts
Call options by funds: $6.17M | Put options by funds: $13.1M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$234
3%
downside
Avg. target
$267
11%
upside
High target
$294
22%
upside
5 analyst ratings
2 positive
40%
2 neutral
40%
1 negative
20%
Keefe, Bruyette & Woods Meyer Shields 73% 1-year accuracy 79 / 108 met price target | 22%upside $294 | Outperform Maintained | 4 Feb 2025 |
Morgan Stanley Michael Phillips 79% 1-year accuracy 11 / 14 met price target | 2%upside $245 | Equal-Weight Maintained | 31 Jan 2025 |
Wells Fargo Elyse Greenspan 64% 1-year accuracy 76 / 118 met price target | 15%upside $277 | Overweight Maintained | 30 Jan 2025 |
Barclays Alex Scott 53% 1-year accuracy 42 / 79 met price target | 3%downside $234 | Underweight Downgraded | 6 Jan 2025 |
JP Morgan Jimmy Bhullar 62% 1-year accuracy 21 / 34 met price target | 18%upside $284 | Neutral Maintained | 3 Jan 2025 |
Financial journalist opinion
Based on 4 articles about RNR published over the past 30 days
Positive
Zacks Investment Research
1 week ago
RenaissanceRe Expands Cat Bond Business With $340M Medici UCITS Fund
This new fund aligns with RNR's broader strategy of expanding globally, diversifying capital sources and strengthening its investment platform.
Neutral
Business Wire
2 weeks ago
RenaissanceRe Launches New Property Catastrophe Bond Fund - Medici UCITS
PEMBROKE, Bermuda--(BUSINESS WIRE)--RenaissanceRe Holdings Ltd. (NYSE: RNR) (“RenaissanceRe” or the “Company”) today announced the launch of a new Irish domiciled property catastrophe bond fund, RenaissanceRe Medici UCITS Fund, a sub-fund of RenaissanceRe Medici ICAV (“Medici UCITS”). Medici UCITS is purpose-built to provide European and other global investors with access to RenaissanceRe's successful catastrophe bond investment strategy through a dedicated European-regulated UCITS structure. R.
Neutral
Business Wire
3 weeks ago
RenaissanceRe Holdings Ltd. Announces Pricing of $300 Million Senior Notes Offering by Joint Venture, DaVinciRe Holdings Ltd.
PEMBROKE, Bermuda--(BUSINESS WIRE)--RenaissanceRe Holdings Ltd. (NYSE:RNR) (“RenaissanceRe” or the “Company”) announced today that its joint venture, DaVinciRe Holdings Ltd. (“DaVinci”), has agreed to sell in a private debt offering $300 million aggregate principal amount of 5.950% Senior Notes due 2035. The offering is expected to close on or about March 5, 2025, subject to the satisfaction of customary closing conditions. DaVinci intends to use the net proceeds from the offering for general c.
Neutral
Business Wire
4 weeks ago
RenaissanceRe Holdings Ltd. Announces Pricing of $500 Million Senior Notes Offering
PEMBROKE, Bermuda--(BUSINESS WIRE)--RenaissanceRe Holdings Ltd. (NYSE:RNR) (“RenaissanceRe” or the “Company”) announced today that it has agreed to sell in an underwritten public offering $500 million aggregate principal amount of 5.800% Senior Notes due 2035. The Company expects to close the offering on or about February 25, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from this offering for general corporate purposes, which may.
Neutral
Business Wire
1 month ago
RenaissanceRe Holdings Ltd. Announces Thirtieth Consecutive Annual Increase in Quarterly Dividend and Renewal of Share Repurchase Program
PEMBROKE, Bermuda--(BUSINESS WIRE)--The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR) today voted to increase the Company's quarterly dividend to $0.40 per common share, from $0.39 per common share. The Company has increased its dividend during each of the thirty years since its initial public offering. The dividend is payable on March 31, 2025, to shareholders of record on March 14, 2025. In addition, the Board of Directors approved a renewal of RenaissanceRe's authorized share.
Positive
Zacks Investment Research
1 month ago
RenaissanceRe Q4 Earnings Beat on Premium Growth in Property Unit
RNR's Q4 results benefit from account renewals as a result of the Validus buyout and higher yields from the fixed maturity portfolio, partly offset by an increase in claim expenses.
Neutral
Seeking Alpha
1 month ago
RenaissanceRe Holdings Ltd. (RNR) Q4 2024 Earnings Call Transcript
RenaissanceRe Holdings Ltd. (RNR) Q4 2024 Earnings Call Transcript
Neutral
Seeking Alpha
1 month ago
RenaissanceRe: A Solid Q4 Though Wildfires Will Weigh On 2025
RenaissanceRe Holdings shares gained 21% over the past year but fell 10% recently due to concerns about hurricane and wildfire losses. Despite strong earnings, RNR's performance lagged the market, and ongoing catastrophe risks justify maintaining a "hold" rating. 2024's catastrophe losses were higher but normalized, and 2025 is expected to be worse due to California wildfires.
Neutral
Zacks Investment Research
1 month ago
Compared to Estimates, RenaissanceRe (RNR) Q4 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for RenaissanceRe (RNR) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
RenaissanceRe (RNR) Surpasses Q4 Earnings Estimates
RenaissanceRe (RNR) came out with quarterly earnings of $8.06 per share, beating the Zacks Consensus Estimate of $7.61 per share. This compares to earnings of $11.77 per share a year ago.
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