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RenaissanceRe Holdings (NYSE:RNR) reached a new 52-week high during mid-day trading on Friday , American Banking and Market News reports. The company traded as high as $107.51 and last traded at $106.56, with a volume of 119,456 shares trading hands. The stock had previously closed at $106.86.

RNR has been the subject of a number of recent research reports. Analysts at JMP Securities downgraded shares of RenaissanceRe Holdings from an “outperform” rating to a “market perform” rating in a research note on Monday. They now have a $110.00 price target on the stock. They noted that the move was a valuation call. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $100.60.

The stock has a 50-day moving average of $103.6 and a 200-day moving average of $97.06. The company has a market cap of $4.313 billion and a price-to-earnings ratio of 7.52.

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 declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, June 11th.

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

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