RenaissanceRe
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]
26% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 54
20% more capital invested
Capital invested by funds: $11.6B [Q2] → $13.9B (+$2.27B) [Q3]
2% more funds holding
Funds holding: 423 [Q2] → 432 (+9) [Q3]
0.54% less ownership
Funds ownership: 98.21% [Q2] → 97.68% (-0.54%) [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
6 analyst ratings
Wells Fargo Elyse Greenspan 67% 1-year accuracy 70 / 105 met price target | 12%upside $288 | Overweight Maintained | 14 Jan 2025 |
Keefe, Bruyette & Woods Meyer Shields 64% 1-year accuracy 68 / 106 met price target | 24%upside $318 | Outperform Maintained | 10 Jan 2025 |
Barclays Alex Scott 56% 1-year accuracy 38 / 68 met price target | 9%downside $234 | Underweight Downgraded | 6 Jan 2025 |
JP Morgan Jimmy Bhullar 51% 1-year accuracy 19 / 37 met price target | 10%upside $284 | Neutral Maintained | 3 Jan 2025 |
Jefferies Yaron Kinar 47% 1-year accuracy 7 / 15 met price target | 10%upside $282 | Hold Downgraded | 18 Dec 2024 |
Financial journalist opinion
Based on 5 articles about RNR published over the past 30 days