RenaissanceRe Holdings Rating Lowered to Equal Weight at Barclays (RNR)
RenaissanceRe Holdings (NYSE:RNR) was downgraded by investment analysts at Barclays to an “equal weight” rating in a note issued to investors on Tuesday, AR Network reports.
A number of other firms have also recently commented on RNR. Analysts at Zacks reiterated a “neutral” rating on shares of RenaissanceRe Holdings in a research note to investors on Friday. They now have a $99.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of RenaissanceRe Holdings from $98.00 to $104.00 in a research note to investors on Thursday, November 7th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. RenaissanceRe Holdings has an average rating of “Hold” and a consensus price target of $92.60.
In other RenaissanceRe Holdings news, SVP Ross Curtis sold 12,458 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $96.52, for a total transaction of $1,202,446.16. Following the completion of the transaction, the senior vice president now directly owns 87,025 shares in the company, valued at approximately $8,399,653. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of RenaissanceRe Holdings (NYSE:RNR) traded up 0.01% during mid-day trading on Tuesday, hitting $91.18. The stock had a trading volume of 359,360 shares. RenaissanceRe Holdings has a 1-year low of $79.83 and a 1-year high of $97.53. The stock’s 50-day moving average is $93.2 and its 200-day moving average is $90.03. The company has a market cap of $4.050 billion and a P/E ratio of 9.49.
RenaissanceRe Holdings (NYSE:RNR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $4.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.90 by $2.11. The company had revenue of $391.57 million for the quarter, compared to the consensus estimate of $329.37 million. During the same quarter in the prior year, the company posted $3.62 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. Analysts expect that RenaissanceRe Holdings will post $11.86 EPS for the current fiscal year.
RenaissanceRe Holdings Ltd. (NYSE:RNR) is a global provider of reinsurance and insurance coverages and related services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.