Stock Price & Analysis

Analysis and Insights

To determine whether it's a good time to buy or sell RenaissanceRe (RNR) stock, we need to analyze both technical and fundamental factors.

Technical Analysis:

RenaissanceRe's stock price has been showing a bullish trend recently, with a 2.35% increase in the regular market. The stock closed at $245.29 on March 17, 2025, with a volume of 532,796 shares traded. The Fibonacci levels suggest that the stock is currently trading above the pivot point of $241.46, with resistance levels at $247.05 and $250.50.

The Relative Strength Index (RSI) for RNR is 57.82, indicating that the stock is not overbought. The MACD is slightly positive, suggesting a bullish trend.

Fundamental Analysis:

RenaissanceRe has recently taken several positive steps, including raising its quarterly dividend to $0.40 per share and renewing its buyback program. These actions indicate a commitment to returning value to shareholders. Additionally, the company has launched a new property catastrophe bond fund, the RenaissanceRe Medici UCITS Fund, which diversifies its capital sources and strengthens its investment platform.

However, the company has also filed to sell 1.32 million common shares on behalf of its holders, which could lead to short-term dilution. The joint venture, DaVinciRe, has issued $300 million in senior notes, which will be used for general corporate purposes and debt repayment.

Analyst Sentiment:

Analyst opinions on RNR are mixed. Keefe Bruyette lowered its price target from $318 to $294, while Wells Fargo maintained a buy rating with a price target of $288. The average price target among analysts is $284.70, suggesting a potential upside of approximately 20% from the current price.

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Conclusion:

Given the positive dividend increase, buyback program, and expansion into new investment strategies, RenaissanceRe appears to be in a strong position. However, the share sale could cause short-term weakness. The stock's technical indicators suggest a bullish trend, and the Fibonacci levels indicate potential upside if the stock breaks above $247.05.

Recommendation: Buy RNR stock, as the company's fundamentals and technical indicators suggest a positive outlook.

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RNR stock is predicted to reach $255 in 2025, driven by strong financial performance and growth initiatives. The stock may face short-term volatility due to share sale announcements but is supported by positive dividend increases and buyback programs.

The S1 support level for RNR Stock is $234.43 ,The R1 resistant level for RNR Stock is $245.14.

As of the end of day on 2025-03-24, the price of RNR Stock was $239.69.

The target price for RNR Stock according to analyst rating is 266.09, with the highest price target at 294.00 and the lowest at 234.00. Analysts have a Hold rating on RNR Stock overall.

The market cap of RNR is $11.7B.

RenaissanceRe (RNR) appears to be fairly valued based on current metrics, but its Q4 performance raises concerns. While valuation ratios like EV/EBITDA and PS are moderate, the drop in net income and margins in Q4, along with mixed analyst sentiment, suggests caution. Investors should monitor the company's recovery and stability in future quarters.

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RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. The Company has two segments. The Property segment is comprised of catastrophe and other property reinsurance and insurance written on behalf of its operating subsidiaries, joint ventures, and managed funds. The Casualty and Specialty segment is comprised of casualty and specialty reinsurance and insurance written on behalf of its operating subsidiaries, joint ventures, and managed funds. The Company writes catastrophe reinsurance and insurance coverage protecting against natural and man-made catastrophes, such as earthquakes, hurricanes, typhoons and tsunamis, winter storms, freezes, floods, fires, windstorms, tornadoes, explosions and acts of terrorism, among others. Its subsidiaries include Renaissance Reinsurance Ltd., Validus Reinsurance Ltd. and others.

RNR stock is predicted to reach $370 by 2030, driven by consistent profitability, dividend growth, and strategic expansion into new markets. The company's strong financial performance, including a recent earnings beat and increased dividend payouts, supports this outlook.

RNR has a total of 925 employees.