How to buy RenaissanceRe stock | $154.12

RenaissanceRe Holdings Ltd is an insurance-reinsurance business based in the US. RenaissanceRe shares (RNR) are listed on the NYSE and all prices are listed in US Dollars. RenaissanceRe employs 604 staff and has a trailing 12-month revenue of around 0.00.

RenaissanceRe stock price (NYSE: RNR)

Use our graph to track the performance of RNR stocks over time.

RenaissanceRe shares at a glance

• Key figures

Information last updated 2021-07-30.

Latest market close	$154.12
52-week range	$142.86 - $189.58
50-day moving average	$149.16
200-day moving average	$158.70
Wall St. target price	$184.29
PE ratio	19.0123
Dividend yield	$1.42 (0.95%)
Earnings per share (TTM)	$8.05

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Is it a good time to buy RenaissanceRe stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of RenaissanceRe Holdings Ltd by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

RenaissanceRe price performance over time

Historical closes compared with the close of $154.12 from 2021-05-28

1 week (2021-07-22)	N/A
1 month (2021-07-02)	3.55%
3 months (2021-04-30)	-8.70%
6 months (2021-01-29)	N/A

1 year (2020-07-29)	N/A
2 years (2019-07-29)	N/A
3 years (2018-07-29)	N/A
5 years (2016-07-29)	N/A

Is RenaissanceRe under- or over-valued?

Valuing RenaissanceRe stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of RenaissanceRe's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

RenaissanceRe's P/E ratio

RenaissanceRe's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 19x. In other words, RenaissanceRe shares trade at around 19x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

RenaissanceRe's EBITDA

RenaissanceRe's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.1 billion.

The EBITDA is a measure of a RenaissanceRe's overall financial performance and is widely used to measure a its profitability.

RenaissanceRe financials

Revenue TTM	$5 billion
Operating margin TTM	10.74%
Gross profit TTM	$1.3 billion
Return on assets TTM	1.07%
Return on equity TTM	4.75%
Profit margin	8.57%
Book value	$139.35
Market capitalisation	$7.2 billion

TTM: trailing 12 months

Shorting RenaissanceRe shares

There are currently 723,084 RenaissanceRe shares held short by investors – that's known as RenaissanceRe's "short interest". This figure is 19.9% up from 603,057 last month.

There are a few different ways that this level of interest in shorting RenaissanceRe shares can be evaluated.

RenaissanceRe's "short interest ratio" (SIR)

RenaissanceRe's "short interest ratio" (SIR) is the quantity of RenaissanceRe shares currently shorted divided by the average quantity of RenaissanceRe shares traded daily (recently around 378578.0104712). RenaissanceRe's SIR currently stands at 1.91. In other words for every 100,000 RenaissanceRe shares traded daily on the market, roughly 1910 shares are currently held short.

However RenaissanceRe's short interest can also be evaluated against the total number of RenaissanceRe shares, or, against the total number of tradable RenaissanceRe shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case RenaissanceRe's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 RenaissanceRe shares in existence, roughly 20 shares are currently held short) or 0.0162% of the tradable shares (for every 100,000 tradable RenaissanceRe shares, roughly 16 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against RenaissanceRe.

Find out more about how you can short RenaissanceRe stock.

RenaissanceRe's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like RenaissanceRe.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

RenaissanceRe's total ESG risk score

Total ESG risk: 37.43

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and RenaissanceRe's overall score of 37.43 (as at 12/31/2018) is pretty weak – landing it in it in the 68th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like RenaissanceRe is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

RenaissanceRe's environmental score

Environmental score: 8/100

RenaissanceRe's environmental score of 8 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that RenaissanceRe is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

RenaissanceRe's social score

Social score: 18.12/100

RenaissanceRe's social score of 18.12 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that RenaissanceRe is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

RenaissanceRe's governance score

Governance score: 24.81/100

RenaissanceRe's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that RenaissanceRe is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Environmental, social, and governance (ESG) summary

RenaissanceRe Holdings Ltd was last rated for ESG on: 2019-01-01.

Total ESG score	37.43
Total ESG percentile	67.56
Environmental score	8
Environmental score percentile	8
Social score	18.12
Social score percentile	8
Governance score	24.81
Governance score percentile	8

RenaissanceRe share dividends

Dividend payout ratio: 94.67% of net profits

Recently RenaissanceRe has paid out, on average, around 94.67% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.94% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), RenaissanceRe shareholders could enjoy a 0.94% return on their shares, in the form of dividend payments. In RenaissanceRe's case, that would currently equate to about $1.42 per share.

RenaissanceRe's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

RenaissanceRe's most recent dividend payout was on 29 June 2021. The latest dividend was paid out to all shareholders who bought their shares by 13 September 2021 (the "ex-dividend date").

Have RenaissanceRe's shares ever split?

RenaissanceRe's shares were split on a 3:1 basis on 30 May 2002. So if you had owned 1 share the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your RenaissanceRe shares – just the quantity. However, indirectly, the new 66.7% lower share price could have impacted the market appetite for RenaissanceRe shares which in turn could have impacted RenaissanceRe's share price.

RenaissanceRe share price volatility

Over the last 12 months, RenaissanceRe's shares have ranged in value from as little as $142.86 up to $189.5792. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while RenaissanceRe's is 0.4701. This would suggest that RenaissanceRe's shares are less volatile than average (for this exchange).

RenaissanceRe overview

RenaissanceRe Holdings Ltd. 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, and other windstorms, as well as claims arising from other natural and man-made catastrophes comprising tsunamis, winter storms, freezes, floods, fires, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, and 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.

Frequently asked questions

What percentage of RenaissanceRe is owned by insiders or institutions?
Currently 1.499% of RenaissanceRe shares are held by insiders and 105.971% by institutions. How many people work for RenaissanceRe?
Latest data suggests 604 work at RenaissanceRe. When does the fiscal year end for RenaissanceRe?
RenaissanceRe's fiscal year ends in December. Where is RenaissanceRe based?
RenaissanceRe's address is: Renaissance House, Pembroke, Bermuda, HM 19 What is RenaissanceRe's ISIN number?
RenaissanceRe's international securities identification number is: BMG7496G1033 What is RenaissanceRe's CUSIP number?
RenaissanceRe's Committee on Uniform Securities Identification Procedures number is: G7496G103