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How to buy RenaissanceRe stock | $167.21

Own RenaissanceRe stock in just a few minutes.

Fact checked

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 566 staff and has a trailing 12-month revenue of around USD$4.9 billion.

How to buy shares in RenaissanceRe

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for RenaissanceRe. Find the stock by name or ticker symbol: RNR. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until RenaissanceRe reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$167.21, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of RenaissanceRe, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of RenaissanceRe. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

RenaissanceRe share price

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

RenaissanceRe shares at a glance

Information last updated 2021-01-15.
Latest market closeUSD$167.21
52-week rangeUSD$112.5855 - USD$201.0032
50-day moving average USD$164.9552
200-day moving average USD$172.7712
Wall St. target priceUSD$192.89
PE ratio 13.0968
Dividend yield USD$1.4 (0.85%)
Earnings per share (TTM) USD$12.474

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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.

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 $167.21 from 2021-01-11

1 week (2021-01-08) 0.60%
1 month (2020-12-17) -0.20%
3 months (2020-10-16) -2.89%
6 months (2020-07-17) -8.35%
1 year (2020-01-17) -13.46%
2 years (2019-01-17) 25.96%
3 years (2018-01-17) 36.03%
5 years (2016-01-15) 51.33%

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 13x. In other words, RenaissanceRe shares trade at around 13x 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 USD$930 million.

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 USD$4.9 billion
Operating margin TTM 18.64%
Gross profit TTM USD$1.3 billion
Return on assets TTM 2.01%
Return on equity TTM 8.63%
Profit margin 12.46%
Book value $135.127
Market capitalisation USD$8.3 billion

TTM: trailing 12 months

Shorting RenaissanceRe shares

There are currently 538,673 RenaissanceRe shares held short by investors – that's known as RenaissanceRe's "short interest". This figure is 50.1% up from 358,967 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 359115.33333333). RenaissanceRe's SIR currently stands at 1.5. In other words for every 100,000 RenaissanceRe shares traded daily on the market, roughly 1500 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 0.01% of the outstanding shares (for every 100,000 RenaissanceRe shares in existence, roughly 10 shares are currently held short) or 0.0137% of the tradable shares (for every 100,000 tradable RenaissanceRe shares, roughly 14 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 01/01/2019) 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

52%

Dividend payout ratio: 51.85% of net profits

Recently RenaissanceRe has paid out, on average, around 51.85% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.85% 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 0.85% return on their shares, in the form of dividend payments. In RenaissanceRe's case, that would currently equate to about $1.4 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 31 December 2020. The latest dividend was paid out to all shareholders who bought their shares by 14 December 2020 (the "ex-dividend date").

Have RenaissanceRe's shares ever split?

RenaissanceRe's shares were split on a 3:1 basis on 31 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 $112.5855 up to $201.0032. 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 0.4527. 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. It distributes its products and services primarily through intermediaries. The company was founded in 1993 and is headquartered in Pembroke, Bermuda.

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