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Shares of RenaissanceRe Holdings (NYSE:RNR) hit a new 52-week high during trading on Tuesday , AR Network reports. The company traded as high as $106.52 and last traded at $105.96, with a volume of 238,582 shares. The stock had previously closed at $105.69.

A number of analysts have recently weighed in on RNR shares. Analysts at Zacks downgraded shares of RenaissanceRe Holdings from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 27th. They now have a $108.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of RenaissanceRe Holdings from $99.00 to $102.00 in a research note on Friday, May 9th. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of RenaissanceRe Holdings in a research note on Thursday, May 1st. They now have a $105.00 price target on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. RenaissanceRe Holdings presently has a consensus rating of “Hold” and a consensus price target of $98.70.

The stock has a 50-day moving average of $102.4 and a 200-day moving average of $96.32. The company has a market cap of $4.293 billion and a price-to-earnings ratio of 7.44.

RenaissanceRe Holdings (NYSE:RNR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.64. The company had revenue of $343.60 million for the quarter, compared to the consensus estimate of $344.07 million. During the same quarter in the previous year, the company posted $4.23 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts predict that RenaissanceRe Holdings will post $9.62 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Wednesday, June 11th.

In other RenaissanceRe Holdings news, SVP Jonathan Paradine unloaded 4,392 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $105.21, for a total transaction of $462,082.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

RenaissanceRe Holdings Ltd. (NYSE:RNR) is a global provider of reinsurance and insurance coverages and related services.

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