DOWLING & PARTN Comments on RenaissanceRe FY2026 Earnings

RenaissanceRe Holdings Ltd. (NYSE:RNR) – Equities researchers at DOWLING & PARTN lifted their FY2026 earnings per share estimates for shares of RenaissanceRe in a research report issued on Wednesday, October 7th. DOWLING & PARTN analyst N. Iacoviello now expects that the insurance provider will post earnings per share of $44.00 for the year, up from their previous estimate of $40.00. The consensus estimate for RenaissanceRe’s current full-year earnings is $44.98 per share.

RenaissanceRe (NYSE:RNR) last issued its quarterly earnings results on Tuesday, June 30th. The insurance provider reported $12.92 earnings per share for the quarter. RenaissanceRe had a return on equity of 23.10% and a net margin of 23.65%. The business had revenue of $2.77 billion during the quarter.

RNR has been the subject of several other research reports. TD Cowen boosted their target price on shares of RenaissanceRe from $315.00 to $320.00 and gave the company a “hold” rating in a research note on Monday. JPMorgan Chase & Co. reduced their price target on shares of RenaissanceRe from $360.00 to $355.00 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Royal Bank Of Canada started coverage on shares of RenaissanceRe in a report on Tuesday, September 22nd. They issued a “sector perform” rating and a $365.00 price target for the company. Bank of America lifted their price target on shares of RenaissanceRe from $410.00 to $438.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, UBS Group set a $349.00 price objective on shares of RenaissanceRe and gave the company a “neutral” rating in a research report on Monday, July 27th. Six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, RenaissanceRe presently has an average rating of “Hold” and a consensus price target of $337.50.

RenaissanceRe Stock Performance

RenaissanceRe stock opened at $341.29 on Monday. The company has a market cap of $14.18 billion, a PE ratio of 5.86, a P/E/G ratio of 0.95 and a beta of 0.12. The company has a fifty day moving average price of $326.27 and a two-hundred day moving average price of $313.11. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.38 and a quick ratio of 1.38. RenaissanceRe has a 12 month low of $231.17 and a 12 month high of $342.38.

Institutional Investors Weigh In On RenaissanceRe

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of RenaissanceRe during the second quarter valued at $1,319,724,000. Lightrock Netherlands B.V. grew its position in shares of RenaissanceRe by 15.8% during the first quarter. Lightrock Netherlands B.V. now owns 1,178,423 shares of the insurance provider’s stock worth $350,263,000 after acquiring an additional 160,915 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of RenaissanceRe by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,085,380 shares of the insurance provider’s stock worth $322,603,000 after acquiring an additional 52,371 shares during the period. GQG Partners LLC acquired a new stake in shares of RenaissanceRe in the 2nd quarter worth about $185,351,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of RenaissanceRe in the 2nd quarter worth about $116,717,000. 99.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at RenaissanceRe

In related news, EVP Robert Qutub sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $333.03, for a total transaction of $1,665,150.00. Following the completion of the transaction, the executive vice president directly owned 72,907 shares in the company, valued at $24,280,218.21. This represents a 6.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by corporate insiders.

RenaissanceRe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.41 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.64 dividend on an annualized basis and a yield of 0.5%. RenaissanceRe’s payout ratio is currently 2.81%.

About RenaissanceRe

RenaissanceRe Holdings Ltd. is a Bermuda-based global provider of reinsurance and insurance solutions. Founded in 1993, the company focuses on managing and underwriting risks that can be difficult to place in traditional insurance markets, with an emphasis on disciplined underwriting and catastrophe risk management.

RenaissanceRe’s business includes property catastrophe reinsurance, which provides coverage for events such as hurricanes, earthquakes and other natural disasters, as well as property, casualty and specialty reinsurance.