RenaissanceRe Holdings Ltd. which can be found using ticker (RNR) now have 6 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 307 and 187 suggesting an average Analsyt target price of $238.83. Given that the stocks previous close was at $189.07 and the analysts are correct then we can expect a percentage increase in value of 26.3%. Also worth taking note is the 50 day moving average now sits at $202.78 and the 200 day moving average is $165.58. The company has a market capitalization of $8,644m. Company Website: https://www.renre.com
The potential market cap would be $10,919m based on the market consensus.
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RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance and excess of loss retrocessional reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as claims arising from other natural and man-made catastrophes comprising winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S. multi-line reinsurance. The Casualty and Specialty segment writes various classes of products, such as directors and officers, medical malpractice, and professional indemnity; automobile and employer’s liability, casualty clash, umbrella or excess casualty, workers’ compensation, and general liability; financial and mortgage guaranty, political risk, surety, and trade credit; and accident and health, agriculture, aviation, cyber, energy, marine, satellite, and terrorism. The company distributes its products and services primarily through intermediaries. It also invests in and manages funds. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda.
The company has a dividend yield of 0.75% with the ex dividend date set at 14-3-2023 (DMY).