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RenaissanceRe Holdings (NYSE:RNR) was downgraded by equities research analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.

Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at JMP Securities downgraded shares of RenaissanceRe Holdings from an “outperform” rating to a “market perform” rating in a research note on Monday, June 16th. They now have a $110.00 price target on the stock. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $101.89.

Shares of RenaissanceRe Holdings (NYSE:RNR) traded up 1.53% during mid-day trading on Thursday, hitting $99.31. The stock had a trading volume of 711,716 shares. RenaissanceRe Holdings has a 52-week low of $83.19 and a 52-week high of $108.99. The stock’s 50-day moving average is $105.8 and its 200-day moving average is $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 posted its quarterly earnings results on Tuesday, July 29th. The company reported $2.28 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $2.17 earnings per share. The company’s revenue for the quarter 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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