RenaissanceRe (RNR)

• Market cap: $13B
• 1 day: 0.40%
• 5 days: -6.43%
• 1 month: -5.65%
• 3 months: -5.42%
• 6 months: 10.37%
• Year to date: 24.60%
• 1 year: 29.40%
• 5 years: 25.43%
• 10 years: 156.92%
• Sector: Financials
• Industry: Fire, Marine & Casualty Insurance

About: RenaissanceRe Holdings Ltd provides reinsurance and insurance solutions and related services. The company's core products include property, casualty and specialty reinsurance. Revenue is derived from three sources: net premiums earned from the insurance and insurance products sold; net investment income from the investment of capital funds and cash; and other income from the company's joint ventures, advisory services, and other items. The reportable segments of the company are the Property segment which includes catastrophe and other property reinsurance, and the Casualty and Specialty segment which is comprised of casualty and specialty reinsurance. It derives a majority of its revenue from the Casualty and specialty segment.

Employees: 925

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

71% more funds holding in top 10

Funds holding in top 10: 7 [Q2] → 12 (+5) [Q3]

20% more capital invested

Capital invested by funds: $11.6B [Q2] → $13.8B (+$2.28B) [Q3]

15% more first-time investments, than exits

New positions opened: 68 | Existing positions closed: 59

2% more funds holding

Funds holding: 423 [Q2] → 432 (+9) [Q3]

0.4% less ownership

Funds ownership: 97.85% [Q2] → 97.45% (-0.4%) [Q3]

7% less repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 151

29% less call options, than puts

Call options by funds: $23.6M | Put options by funds: $33.4M

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $246 1% downside
• Avg. target: $304 22% upside
• High target: $391 57% upside

6 analyst ratings

• positive: 3 50%
• neutral: 2 33%
• negative: 1 17%

Jefferies Yaron Kinar 50% 1-year accuracy 8 / 16 met price target	13% upside $282	Hold Downgraded	18 Dec 2024
Keefe, Bruyette & Woods Meyer Shields 61% 1-year accuracy 54 / 88 met price target	24% upside $310	Outperform Maintained	12 Nov 2024
JP Morgan Jimmy Bhullar 55% 1-year accuracy 18 / 33 met price target	12% upside $280	Neutral Maintained	7 Nov 2024
Evercore ISI Group David Motemaden 53% 1-year accuracy 8 / 15 met price target	1% downside $246	Underperform Maintained	7 Nov 2024
B of A Securities Joshua Shanker 44% 1-year accuracy 24 / 54 met price target	57% upside $391	Buy Maintained	10 Oct 2024