Analysts See $2.40 EPS for RenaissanceRe Holdings Ltd. (RNR)

July 17, 2017 - By Maria Brooks

 Analysts See $2.40 EPS for RenaissanceRe Holdings Ltd. (RNR)
Investors sentiment increased to 0.83 in Q4 2016. Its up 0.05, from 0.78 in 2016Q3. It improved, as 24 investors sold RenaissanceRe Holdings Ltd. shares while 109 reduced holdings. 31 funds opened positions while 79 raised stakes. 37.51 million shares or 0.26% less from 37.61 million shares in 2016Q3 were reported.
Employees Retirement Systems Of Texas invested in 27,000 shares. Capstone Asset owns 0.02% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 5,912 shares. Dynamic Cap Mgmt Limited holds 0.17% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 11,659 shares. Moreover, Riverhead Lc has 0.02% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 2,200 shares. Chilton Capital Mngmt Ltd Com invested 0.02% in RenaissanceRe Holdings Ltd. (NYSE:RNR). State Teachers Retirement Sys stated it has 0.01% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Teachers Retirement Sys Of The State Of Kentucky accumulated 16,447 shares. Ubs Asset Americas has invested 0.06% in RenaissanceRe Holdings Ltd. (NYSE:RNR). State Treasurer State Of Michigan reported 0.02% stake. The New York-based D E Shaw And Communications has invested 0% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Principal Fincl Gp has invested 0.03% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR). James Inv Rech owns 6,437 shares. Teacher Retirement System Of Texas holds 0.09% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 91,572 shares. Jefferies Group Ltd Limited Liability Company invested in 0.01% or 16,086 shares. Rafferty Asset Management Lc has 2,124 shares for 0.01% of their portfolio.

Since February 1, 2017, it had 0 insider purchases, and 8 selling transactions for $10.25 million activity. $1.01M worth of RenaissanceRe Holdings Ltd. (NYSE:RNR) was sold by ODonnell Kevin on Monday, April 3. $566,498 worth of RenaissanceRe Holdings Ltd. (NYSE:RNR) was sold by Todd Rider Fonner. 18,732 shares were sold by Paradine Jonathan, worth $2.80 million on Wednesday, March 1. Another trade for 14,000 shares valued at $2.00M was made by Weinstein Stephen Howard on Thursday, June 1.

Wall Street await RenaissanceRe Holdings Ltd. (NYSE:RNR) to release earnings on July, 25. Analysts forecast EPS of $2.40, up exactly $0.85 or 54.84 % from 2014’s $1.55 EPS. The expected RNR’s profit could reach $97.15 million giving the stock 14.72 P/E in the case that $2.40 earnings per share is reported. After posting $1.18 EPS for the previous quarter, RenaissanceRe Holdings Ltd.’s analysts now forecast 103.39 % EPS growth. About 89,879 shares traded. RenaissanceRe Holdings Ltd. (NYSE:RNR) has risen 20.88% since July 17, 2016 and is uptrending. It has outperformed by 4.18% the S&P500.

RenaissanceRe Holdings Ltd. (NYSE:RNR) Ratings Coverage

Among 8 analysts covering RenaissanceRe (NYSE:RNR), 0 have Buy rating, 0 Sell and 8 Hold. Therefore 0 are positive. RenaissanceRe had 13 analyst reports since October 14, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating given on Wednesday, October 14 by Bernstein. Nomura upgraded the shares of RNR in report on Monday, December 7 to “Neutral” rating. The firm earned “Market Perform” rating on Monday, July 11 by Wood. On Friday, April 8 the stock rating was maintained by Citigroup with “Buy”. The firm earned “Hold” rating on Monday, November 21 by Deutsche Bank. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, February 4 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, June 26. Citigroup initiated the shares of RNR in report on Tuesday, November 22 with “Neutral” rating. The stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) earned “Neutral” rating by Goldman Sachs on Tuesday, November 15. The firm has “Neutral” rating by Citigroup given on Thursday, April 28.

RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services to a range of customers. The company has market cap of $5.72 billion. The Company’s products include property, casualty and specialty reinsurance and certain insurance products principally distributed through intermediaries. It has a 13.19 P/E ratio. The Company’s divisions include Property; Casualty and Specialty, and Other category.

More recent RenaissanceRe Holdings Ltd. (NYSE:RNR) news were published by: Nasdaq.com which released: “RenaissanceRe Holdings Ltd. (RNR) Ex-Dividend Date Scheduled for June 13, 2017” on May 16, 2017. Also Finance.Yahoo.com published the news titled: “RenaissanceRe Holdings Ltd. Announces Estimated Ogden Rate Change Impact” on April 12, 2017. Seekingalpha.com‘s news article titled: “RenaissanceRe Responsible For $140m Fibonacci Reinsurance Ltd.” with publication date: January 04, 2017 was also an interesting one.

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