A share price of RenaissanceRe Holdings Ltd [RNR] is currently trading at $278.80, up 1.82%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RNR shares have gain 1.80% over the last week, with a monthly amount glided 9.36%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
RenaissanceRe Holdings Ltd [NYSE: RNR] stock has seen the most recent analyst activity on September 05, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $287. Evercore ISI started tracking the stock assigning a Underperform rating and suggested a price target of $200 on December 14, 2023. Citigroup initiated its recommendation with a Buy and recommended $251 as its price target on November 22, 2023. Goldman started tracking with a Buy rating for this stock on September 08, 2023, and assigned it a price target of $242. In a note dated July 11, 2023, BMO Capital Markets upgraded an Outperform rating on this stock and boosted its target price from $198 to $216.
RenaissanceRe Holdings Ltd experienced fluctuations in its stock price throughout the past year between $188.24 and $279.76. Currently, Wall Street analysts expect the stock to reach $281 within the next 12 months. RenaissanceRe Holdings Ltd [NYSE: RNR] shares were valued at $278.80 at the most recent close of the market. An investor can expect a potential return of 0.79% based on the average RNR price forecast.
Analyzing the RNR fundamentals
Trailing Twelve Months sales for RenaissanceRe Holdings Ltd [NYSE:RNR] were 10.46B which represents 53.05% growth. Gross Profit Margin for this corporation currently stands at 1.01% with Operating Profit Margin at 0.24%, 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 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.19.
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 274.55 points at the first support level, and at 270.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 283.45, and for the 2nd resistance point, it is at 288.11.
Ratios To Look Out For
To put it in perspective, the Current Ratio for RenaissanceRe Holdings Ltd [NYSE:RNR] is 0.81. Considering the valuation of this stock, the price to sales ratio is 1.39, the price to book ratio is 1.55 and price to earnings (TTM) ratio is 5.51.
Transactions by insiders
Recent insider trading involved Marra David E, Officer, that happened on Oct 04 ’24 when 1000.0 shares were purchased. EVP,Chief Underwriting Officer, Marra David E completed a deal on Oct 04 ’24 to sell 1000.0 shares. Meanwhile, EVP,Chief Underwriting Officer Marra David E sold 1000.0 shares on Sep 26 ’24.
