RenaissanceRe Holdings Ltd (NYSE: RNR) is 1.82% higher on its value in year-to-date trading and has touched a low of $197.49 and a high of $300.00 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 $253.84 in the last trading session, with the day’s loss setting it -0.51%.
Currently trading at $253.33, the stock is -0.41% and -4.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.42 million and changing -0.20% at the moment leaves the stock 3.54% off its SMA200. RNR registered 24.96% gain for a year compared to 6-month gain of 15.59%. The firm has a 50-day simple moving average (SMA 50) of $264.662 and a 200-day simple moving average (SMA200) of $244.6672.
The stock witnessed a -9.42% loss in the last 1 month and extending the period to 3 months gives it a -3.11%, and is 1.82% 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 2.21% over the week and 2.08% over the month.
RenaissanceRe Holdings Ltd (RNR) has around 925 employees, a market worth around $13.16B and $12.60B in sales. Current P/E ratio is 3.65 and Fwd P/E is 7.39. Profit margin for the company is 28.22%. Distance from 52-week low is 28.27% and -15.56% from its 52-week high. The company has generated returns on investments over the last 12 months (27.09%).
The EPS is expected to grow by 10.72% this year
610.0 institutions hold shares in RenaissanceRe Holdings Ltd (RNR), with institutional investors hold 103.89% of the company’s shares. The shares outstanding are 51.94M, and float is at 49.61M with Short Float at 3.98%. Institutions hold 101.91% 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
The most recent transaction is an insider sale by Klehm Henry III, the company’s Director. SEC filings show that Klehm Henry III sold 1,747 shares of the company’s common stock on Nov 18 ’24 at a price of $257.61 per share for a total of $0.45 million. Following the sale, the insider now owns 19164.0 shares.
Still, SEC filings show that on Nov 14 ’24, Marra David E (EVP,Chief Underwriting Officer) disposed off 1,000 shares at an average price of $260.00 for $0.26 million. The insider now directly holds 80,392 shares of RenaissanceRe Holdings Ltd (RNR).
