RenaissanceRe Holdings Ltd (NYSE: RNR) is 35.62% higher on its value in year-to-date trading and has touched a low of $188.24 and a high of $284.36 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RNR stock was last observed hovering at around $277.90 in the last trading session, with the day’s loss setting it -12.09%.
Currently trading at $265.81, the stock is -2.50% and -0.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -4.35% at the moment leaves the stock 12.09% off its SMA200. RNR registered 28.19% gain for a year compared to 6-month gain of 17.71%. The firm has a 50-day simple moving average (SMA 50) of $267.2406 and a 200-day simple moving average (SMA200) of $236.8625.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -2.93% loss in the last 1 month and extending the period to 3 months gives it a 12.66%, and is 1.30% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.00% over the week and 2.80% over the month.
RenaissanceRe Holdings Ltd (RNR) has around 925 employees, a market worth around $13.86B and $12.39B in sales. Current P/E ratio is 3.83 and Fwd P/E is 7.44. Profit margin for the company is 28.85%. Distance from 52-week low is 41.21% and -6.52% from its 52-week high. The company has generated returns on investments over the last 12 months (27.12%).
RenaissanceRe Holdings Ltd quarterly earnings per share for the current quarter are estimated at 7.94 with sales reaching $2.6B over the same period.The EPS is expected to grow by 7.27% this year, but quarterly earnings will post 38.70% year-over-year. Quarterly sales are estimated to grow 47.90% in year-over-year returns.
602.0 institutions hold shares in RenaissanceRe Holdings Ltd (RNR), with institutional investors hold 102.54% of the company’s shares. The shares outstanding are 52.69M, and float is at 49.82M with Short Float at 3.50%. Institutions hold 100.59% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 5.49 million shares valued at $1.23 billion. The investor’s holdings represent 10.6326 of the RNR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.69 million shares valued at $1.05 billion to account for 9.0717 of the shares outstanding. The other top investors are ORBIS ALLAN GRAY LTD which holds 2.72 million shares representing 5.2693 and valued at over $608.64 million, while CAPITAL WORLD INVESTORS holds 4.792 of the shares totaling 2.48 million with a market value of $553.51 million.
RenaissanceRe Holdings Ltd (RNR) Insider Activity
RenaissanceRe Holdings Ltd disclosed in a document filed with the SEC on Oct 04 ’24 that Marra David E (EVP,Chief Underwriting Officer) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Oct 04 ’24 and was made at $279.00 per share for $0.28 million. Following the transaction, the insider now directly holds 82044.0 shares of the RNR stock.
Still, SEC filings show that on Sep 26 ’24, Marra David E (EVP,Chief Underwriting Officer) disposed off 1,000 shares at an average price of $269.00 for $0.27 million. The insider now directly holds 83,044 shares of RenaissanceRe Holdings Ltd (RNR).
