Trade Report: The RenaissanceRe Holdings Ltd. (RNR) Set to Announce Earnings on Tuesday

The RenaissanceRe Holdings Ltd. (RNR) Set to Announce Earnings on Tuesday

RenaissanceRe Holdings Ltd. (NYSE:RNR) is scheduled to be announcing its Q316 earnings results on Tuesday, November 1st. Analysts expect the company to announce earnings of $1.79 per share and revenue of $488.38 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) opened at 123.50 on Monday. The stock has a market cap of $5.09 billion, a PE ratio of 12.53 and a beta of 0.49. The firm has a 50 day moving average price of $121.14 and a 200 day moving average price of $117.07. RenaissanceRe Holdings Ltd. has a 12-month low of $107.27 and a 12-month high of $125.00.

Several analysts recently commented on RNR shares. Keefe, Bruyette & Woods lifted their price objective on RenaissanceRe Holdings from $130.00 to $134.00 and gave the stock a “market perform” rating in a report on Thursday, July 28th. Zacks Investment Research raised RenaissanceRe Holdings from a “sell” rating to a “hold” rating in a report on Friday, October 7th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. RenaissanceRe Holdings presently has an average rating of “Hold” and an average target price of $119.14.

In other news, SVP Stephen Howard Weinstein sold 3,000 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $120.00, for a total value of $360,000.00. Following the completion of the transaction, the senior vice president now owns 82,511 shares of the company’s stock, valued at $9,901,320. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Ian D. Branagan sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $117.32, for a total value of $234,640.00. Following the completion of the transaction, the senior vice president now directly owns 55,589 shares of the company’s stock, valued at approximately $6,521,701.48. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in RNR. Pacad Investment Ltd. acquired a new position in RenaissanceRe Holdings during the second quarter worth $470,000. Martingale Asset Management L P raised its position in RenaissanceRe Holdings by 6.0% in the second quarter. Martingale Asset Management L P now owns 152,987 shares of the company’s stock worth $17,968,000 after buying an additional 8,695 shares during the period. Gideon Capital Advisors Inc. acquired a new position in RenaissanceRe Holdings during the second quarter worth $227,000. Sei Investments Co. raised its position in RenaissanceRe Holdings by 12.2% in the second quarter. Sei Investments Co. now owns 64,815 shares of the company’s stock worth $7,612,000 after buying an additional 7,071 shares during the period. Finally, Comerica Bank raised its position in RenaissanceRe Holdings by 2.5% in the second quarter. Comerica Bank now owns 30,283 shares of the company’s stock worth $3,572,000 after buying an additional 750 shares during the period. 94.74% of the stock is owned by hedge funds and other institutional investors.

RenaissanceRe Holdings Company Profile

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