RenaissanceRe (RNR)

• Market cap: $11.2B
• 1 day: -1.04%
• 5 days: -2.62%
• 1 month: -11.92%
• 3 months: -14.39%
• 6 months: -7.52%
• Year to date: -8.95%
• 1 year: 2.26%
• 5 years: 14.25%
• 10 years: 122.33%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

76% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 42

6% more funds holding

Funds holding: 434 [Q3] → 458 (+24) [Q4]

0.39% more ownership

Funds ownership: 97.69% [Q3] → 98.08% (+0.39%) [Q4]

5% less repeat investments, than reductions

Existing positions increased: 154 | Existing positions reduced: 162

9% less capital invested

Capital invested by funds: $13.9B [Q3] → $12.7B (-$1.21B) [Q4]

38% less funds holding in top 10

Funds holding in top 10: 13 [Q3] → 8 (-5) [Q4]

53% less call options, than puts

Call options by funds: $6.17M | Put options by funds: $13.1M

Research analyst outlook

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

• Low target: $234 3% upside
• Avg. target: $269 19% upside
• High target: $294 30% upside

6 analyst ratings

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

Keefe, Bruyette & Woods Meyer Shields 62% 1-year accuracy 69 / 112 met price target	30% upside $294	Outperform Maintained	4 Feb 2025
Morgan Stanley Michael Phillips 64% 1-year accuracy 9 / 14 met price target	8% upside $245	Equal-Weight Maintained	31 Jan 2025
Wells Fargo Elyse Greenspan 68% 1-year accuracy 77 / 114 met price target	22% upside $277	Overweight Maintained	30 Jan 2025
Barclays Alex Scott 48% 1-year accuracy 37 / 77 met price target	3% upside $234	Underweight Downgraded	6 Jan 2025
JP Morgan Jimmy Bhullar 66% 1-year accuracy 23 / 35 met price target	25% upside $284	Neutral Maintained	3 Jan 2025