Cantor Fitzgerald Lifts Earnings Estimates for RenaissanceRe

RenaissanceRe Holdings Ltd. (NYSE:RNR) – Stock analysts at Cantor Fitzgerald lifted their FY2026 EPS estimates for RenaissanceRe in a report released on Monday, November 3rd. Cantor Fitzgerald analyst R. Tunis now expects that the insurance provider will post earnings per share of $35.18 for the year, up from their previous forecast of $34.52. Cantor Fitzgerald currently has a “Hold” rating on the stock. The consensus estimate for RenaissanceRe’s current full-year earnings is $26.04 per share.

RenaissanceRe (NYSE:RNR) last posted its earnings results on Tuesday, October 28th. The insurance provider reported $15.62 earnings per share for the quarter, topping the consensus estimate of $9.49 by $6.13. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.97 billion. RenaissanceRe had a net margin of 14.23% and a return on equity of 16.83%. The company’s revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the company earned $10.23 earnings per share.

RNR has been the subject of several other research reports. Cowen reiterated a “hold” rating on shares of RenaissanceRe in a research note on Tuesday, October 7th. Wolfe Research initiated coverage on shares of RenaissanceRe in a research note on Monday, September 15th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $303.00 price objective on shares of RenaissanceRe in a research note on Thursday, October 9th. Citigroup initiated coverage on shares of RenaissanceRe in a research note on Wednesday, August 13th. They set a “buy” rating and a $288.00 price objective for the company. Finally, UBS Group boosted their price objective on shares of RenaissanceRe from $265.00 to $272.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $283.67.

RenaissanceRe Price Performance

RNR opened at $256.12 on Tuesday. The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of 7.12, a PEG ratio of 2.08 and a beta of 0.27. The company has a quick ratio of 1.36, a current ratio of 1.40 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $248.68 and a 200-day moving average price of $244.65. RenaissanceRe has a twelve month low of $219.00 and a twelve month high of $300.00.

Institutional Investors Weigh In On RenaissanceRe

Several hedge funds have recently bought and sold shares of RNR. ARGA Investment Management LP lifted its position in RenaissanceRe by 344.9% during the first quarter. ARGA Investment Management LP now owns 24,089 shares of the insurance provider’s stock valued at $5,781,000 after purchasing an additional 18,675 shares during the last quarter. M&T Bank Corp lifted its position in RenaissanceRe by 3.1% during the first quarter. M&T Bank Corp now owns 4,151 shares of the insurance provider’s stock valued at $996,000 after purchasing an additional 124 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in RenaissanceRe by 128.4% during the first quarter. Nisa Investment Advisors LLC now owns 1,142 shares of the insurance provider’s stock valued at $274,000 after purchasing an additional 642 shares during the last quarter. Bridges Investment Management Inc. lifted its position in RenaissanceRe by 21.9% during the first quarter. Bridges Investment Management Inc. now owns 6,020 shares of the insurance provider’s stock valued at $1,445,000 after purchasing an additional 1,080 shares during the last quarter. Finally, Alps Advisors Inc. lifted its position in RenaissanceRe by 5.3% during the first quarter. Alps Advisors Inc. now owns 62,070 shares of the insurance provider’s stock valued at $14,897,000 after purchasing an additional 3,102 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

About RenaissanceRe

RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance and excess of loss reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S.