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Shares of RenaissanceRe Holdings (NYSE:RNR) have earned a consensus recommendation of “Hold” from the eleven analysts that are covering the stock, Stock Ratings reports. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $101.67.

Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of RenaissanceRe Holdings in a research note on Monday. They now have a $100.00 price target on the stock, down previously from $102.00. Separately, analysts at Morgan Stanley downgraded shares of RenaissanceRe Holdings from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 1st. They now have a $105.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of RenaissanceRe Holdings in a research note on Thursday, July 31st. They now have a $107.00 price target on the stock, down previously from $110.00.

In other RenaissanceRe Holdings news, SVP Rider Fonner Todd sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $96.52, for a total transaction of $96,520.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

RenaissanceRe Holdings (NYSE:RNR) traded up 0.68% during mid-day trading on Thursday, hitting $99.61. 100,092 shares of the company’s stock traded hands. RenaissanceRe Holdings has a one year low of $83.19 and a one year high of $108.99. The stock has a 50-day moving average of $105.2 and a 200-day moving average of $100.0. The company has a market cap of $4.036 billion and a P/E ratio of 5.92.

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 $9.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.17%.

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

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