RenaissanceRe (RNR) to Release Earnings on Wednesday

RenaissanceRe (NYSE:RNR) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect RenaissanceRe to post earnings of $4.60 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

RenaissanceRe Stock Down 0.4 %

Shares of NYSE:RNR opened at $268.08 on Wednesday. The company has a 50-day moving average price of $265.06 and a 200 day moving average price of $239.30. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.21. RenaissanceRe has a 12 month low of $188.24 and a 12 month high of $284.36. The company has a market cap of $14.18 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 1.75 and a beta of 0.38.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RNR shares. Jefferies Financial Group lifted their target price on RenaissanceRe from $270.00 to $314.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. StockNews.com downgraded shares of RenaissanceRe from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Morgan Stanley dropped their price target on shares of RenaissanceRe from $257.00 to $240.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Bank of America increased their price objective on shares of RenaissanceRe from $364.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Evercore ISI boosted their target price on RenaissanceRe from $218.00 to $229.00 and gave the company an “underperform” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $289.00.

Insider Activity at RenaissanceRe

In other RenaissanceRe news, EVP David E. Marra sold 1,000 shares of RenaissanceRe stock in a transaction on Friday, October 4th. The stock was sold at an average price of $279.00, for a total transaction of $279,000.00. Following the completion of the sale, the executive vice president now directly owns 82,044 shares of the company’s stock, valued at $22,890,276. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by company insiders.

RenaissanceRe Company Profile

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.