An Analysis Of RenaissanceRe Holdings Ltd. (RNR)’s Weekly Performance


As of Wednesday close, RenaissanceRe Holdings Ltd.’s (NYSE:RNR) stock was down -$0.3, moving down -0.16 percent to $185.24. The average number of shares traded per day over the past five days has been 310,800 shares. 3 times new highs have been achieved over the past 5 days, with a $4.35 gain in that time frame. In the last twenty days, the average volume was 493,225, while in the previous 50 days, it was 529,954.

Since last month, RNR stock rose 29.59%. Shares of the company fell to $138.81 on 10/24/22, the lowest level in the past month. A 52-week high of $187.88 was reached on 11/08/22 after having rallying from a 52-week low of $124.18. Since the beginning of this year, RNR’s stock price has risen by 9.40% or $15.91, and marked a new high 7 times. However, the stock has declined by -1.41% since its 52-week high.

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RNR stock investors should be aware that RenaissanceRe Holdings Ltd. (RNR) stock had its last reported insider trading activity 106 days ago on Aug 10. Gray Brian Gerald John, the Director of the company, purchased of 7,500 shares for $130.62 on Aug 10. It resulted in a $979,650 investment by the insider. BUSHNELL DAVID C sold 600 shares at an average price of $148.41 on May 20. The insider now owns 19,914 shares following the transaction.

Valuation Metrics

The stock’s beta is 0.38. Besides these, the trailing price-to-sales (P/S) ratio of 1.78, the price-to-book (PB) ratio of 1.92, and the price-to-cash flow ratio of 6.48 may also be considered.

The latest dividend of $0.37 per share was paid out, remained unchanged from last year’s $0.37. On Friday February 4 2022, a $0.01 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.28, and the total debt-to-equity ratio was 0.28. In the year ended September 29, operating margins totaled -33.00%. Based on annual data, RNR earned -$114.11 million in gross profit and brought in $5.28 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.40%. Return on equity (ROE) for the past 12 months was -26.20%.

In RenaissanceRe Holdings Ltd.’s quarter-end financial report for September 29, it reported total debt of $1.17 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RNR’s revenue fell -20.07% to $866.97 million during the quarter, while net income inched up to $1.29 billion. While analysts expected RenaissanceRe Holdings Ltd. to report -$7.74 quarterly earnings, the actual figure was -$9.27 per share, beating the consensus estimate by -19.80%. During the quarter, the company generated -$1.18 billion in EBITDA. The value of shareholders’ equity is $43.7 million.

Technical Picture

This quick technical analysis looks at RenaissanceRe Holdings Ltd.’s (RNR) price momentum. With a historical volatility rate of 28.04%, the RSI 9-day stood at 74.90% on 23 November.

With respect to its five-day moving average, the current RenaissanceRe Holdings Ltd. price is up by +2.40% percent or $4.35. At present, RNR shares trade +29.65% above its 20-day simple moving average and +22.59% percent above its 100-day simple moving average. However, the stock is currently trading approximately +24.44% above its SMA50 and +20.22% above its SMA200.

Stochastic coefficient K was 86.78% and Stochastic coefficient D was 85.42%, while ATR was 4.85. Given the Stochastic reading of 81.93% for the 14-day period, the RSI (14) reading has been calculated as 72.50%. As of today, the MACD Oscillator reading stands at 3.94, while the 14-day reading stands at 3.68.

Analyst Ratings

RenaissanceRe Holdings Ltd. downgraded its rating on RenaissanceRe Holdings Ltd. (NYSE: RNR) to a Hold in a note to investors on July 12, 2022. The analysts firm previously had a Buy rating on the stock.RenaissanceRe Holdings Ltd. (RNR) has been rated Hold by analysts. According to 2 brokerage firms, RNR is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate RenaissanceRe Holdings Ltd. stock as buy, with 4 recommending it as overweight.

With a median target price of $180.00, the current consensus forecast for the stock is $150.00 – $236.00. Based on these forecasts, analysts predict RenaissanceRe Holdings Ltd. (RNR) will achieve an average price target of $183.88.


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