RenaissanceRe Holdings Ltd [RNR] stock is trading at $231.86, down -0.02%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RNR shares have gain 5.59% over the last week, with a monthly amount glided 8.89%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On December 14, 2023, Evercore ISI initiated with a Underperform rating and assigned a price target of $200 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $251 on November 22, 2023. Goldman initiated its recommendation with a Buy and recommended $242 as its price target on September 08, 2023. BMO Capital Markets upgraded its rating to Outperform for this stock on July 11, 2023, and upped its price target to $216. In a note dated June 20, 2023, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $222 on this stock.
RenaissanceRe Holdings Ltd [RNR] stock has fluctuated between $174.22 and $239.42 over the past year. Currently, Wall Street analysts expect the stock to reach $251.67 within the next 12 months. RenaissanceRe Holdings Ltd [NYSE: RNR] shares were valued at $231.86 at the most recent close of the market. An investor can expect a potential return of 8.54% based on the average RNR price forecast.
Analyzing the RNR fundamentals
RenaissanceRe Holdings Ltd [NYSE:RNR] reported sales of 10.46B for the trailing twelve months, which represents a growth of 53.05%. Gross Profit Margin for this corporation currently stands at 1.01% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.29 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 227.85 points at the first support level, and at 223.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 235.10, and for the 2nd resistance point, it is at 238.35.
Ratios To Look Out For
For context, RenaissanceRe Holdings Ltd’s Current Ratio is 0.81. Considering the valuation of this stock, the price to sales ratio is 1.16, the price to book ratio is 1.29 and price to earnings (TTM) ratio is 4.59.
Transactions by insiders
Recent insider trading involved Qutub Robert, Officer, that happened on Jul 26 ’24 when 2500.0 shares were purchased. EVP, Chief Financial Officer, Qutub Robert completed a deal on Jul 26 ’24 to sell 2500.0 shares. Meanwhile, EVP,Chief Underwriting Officer Marra David E sold 1000.0 shares on Jul 17 ’24.
