In yesterday’s Wall Street session, RenaissanceRe Holdings Ltd (NYSE:RNR) shares traded at $253.33, down -0.20% from the previous session.
RNR stock price is now -4.28% away from the 50-day moving average and 3.54% away from the 200-day moving average. The market capitalization of the company currently stands at $13.16B.
With the price target reduced from $284 to $234, Barclays Downgraded its rating from Equal Weight to Underweight for RenaissanceRe Holdings Ltd (NYSE: RNR). On December 18, 2024, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $304 to quote $282, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Klehm Henry III, Director sold 1,747 shares of the company’s stock on Nov 18 ’24. The stock was sold for $450,048 at an average price of $257.61. Upon completion of the transaction, the Director now directly owns 19,164 shares in the company, valued at $4.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Director Klehm Henry III bought 1,747 shares of the business’s stock. A total of $450,048 was incurred on buying the stock at an average price of $257.61. A total of 4.49% of the company’s stock is owned by insiders.
During the past 12 months, RenaissanceRe Holdings Ltd has had a low of $197.49 and a high of $300.00. According to the stock market information, the enterprise value for the company is $-7450345984, which is based on a 3.65 price-to-earnings ratio, a 0.10 price-to-earnings-growth ratio, and a beta of 0.44. The fifty day moving average price for RNR is $264.662 and a two-hundred day moving average price translates $244.6672 for the stock.
The latest earnings results from RenaissanceRe Holdings Ltd (NYSE: RNR) was released for 2024-09-30. The net profit margin was 28.22% and return on equity was 38.15% for RNR. The company reported revenue of $3.97 billion for the quarter, compared to $1.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 116.44 percent.
