RenaissanceRe Holdings Ltd [RNR] stock prices are down -0.86% to $251.14 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RNR shares have gain 1.01% over the last week, with a monthly amount drifted -7.25%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
RenaissanceRe Holdings Ltd [NYSE: RNR] stock has seen the most recent analyst activity on January 06, 2025, when Barclays downgraded its rating to a Underweight and also revised its price target to $234 from $284. Previously, Jefferies downgraded its rating to Hold on December 18, 2024, and dropped its price target to $282. On September 05, 2024, Barclays initiated with a Equal Weight rating and assigned a price target of $287 on the stock. TD Cowen started tracking the stock assigning a Market Perform rating. Evercore ISI started tracking with a Underperform rating for this stock on December 14, 2023, and assigned it a price target of $200. In a note dated November 22, 2023, Citigroup initiated an Buy rating and provided a target price of $251 on this stock.
The stock price of RenaissanceRe Holdings Ltd [RNR] has been fluctuating between $203.35 and $300.00 over the past year. Currently, Wall Street analysts expect the stock to reach $295 within the next 12 months. RenaissanceRe Holdings Ltd [NYSE: RNR] shares were valued at $251.14 at the most recent close of the market. An investor can expect a potential return of 17.46% based on the average RNR price forecast.
Analyzing the RNR fundamentals
The RenaissanceRe Holdings Ltd [NYSE:RNR] reported sales of 12.60B for trailing twelve months, representing a surge of 117.41%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.36%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.36 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.17.
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 248.90 points at the first support level, and at 246.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 254.34, and for the 2nd resistance point, it is at 257.53.
Ratios To Look Out For
It’s worth pointing out that RenaissanceRe Holdings Ltd [NYSE:RNR]’s Current Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 1.04, the price to book ratio is 1.24 and price to earnings (TTM) ratio is 3.62.
Transactions by insiders
Recent insider trading involved Klehm Henry III, Director, that happened on Nov 18 ’24 when 1747.0 shares were sold. Director, Klehm Henry III completed a deal on Nov 18 ’24 to buy 1747.0 shares. Meanwhile, EVP,Chief Underwriting Officer Marra David E sold 1000.0 shares on Nov 14 ’24.
