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RenaissanceRe Holdings (NYSE:RNR) was downgraded by equities researchers at Bernstein to an “underperform” rating in a research report issued on Thursday.

Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein downgraded shares of RenaissanceRe Holdings from a “market perform” rating to an “underperform” rating in a research note on Thursday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of RenaissanceRe Holdings in a research note on Wednesday. They now have a $109.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of RenaissanceRe Holdings from $98.00 to $103.00 in a research note on Monday, June 30th. They now have an “equal weight” rating on the stock. Four research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $101.89.

Shares of RenaissanceRe Holdings (NYSE:RNR) traded up 1.53% during mid-day trading on Thursday, hitting $99.31. 711,716 shares of the company’s stock traded hands. RenaissanceRe Holdings has a 1-year low of $83.19 and a 1-year high of $108.99. The stock has a 50-day moving average of $105.8 and a 200-day moving average of $99.76. The company has a market cap of $3.946 billion and a price-to-earnings ratio of 5.85.

RenaissanceRe Holdings (NYSE:RNR) last released its earnings data on Tuesday, July 29th. The company reported $2.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.81 by $0.53. The company had revenue of $331.20 million for the quarter, compared to the consensus estimate of $329.60 million. During the same quarter in the prior year, the company posted $2.17 earnings per share. The company’s quarterly revenue was up 32.4% on a year-over-year basis. Analysts expect that RenaissanceRe Holdings will post $9.32 EPS for the current fiscal year.

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

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