|Bid||145.46 x 800|
|Ask||150.44 x 900|
|Day's Range||149.53 - 151.03|
|52 Week Range||144.03 - 191.69|
|Beta (5Y Monthly)||0.47|
|PE Ratio (TTM)||14.31|
|Earnings Date||Jul 26, 2021 - Jul 30, 2021|
|Forward Dividend & Yield||1.44 (0.95%)|
|Ex-Dividend Date||Jun 14, 2021|
|1y Target Est||187.43|
RenaissanceRe (RNR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Reinsurance and insurance solutions provider RenaissanceRe Holdings (RNR) has announced a quarterly dividend of $0.36 per share. The dividend is payable on June 30 to investors of record on June 15. Furthermore, RenaissanceRe has renewed its authorized share repurchase program. The renewal brings the present total authorization to $500 million. The $500 million buyback also includes pending amounts from previously authorized repurchase programs. (See RenaissanceRe stock analysis on TipRanks) The current buyback program is expected to continue until the company repurchases the total value of the authorized shares, or until it is terminated by its board of directors. On April 29, Wells Fargo analyst Elyse Greenspan reiterated a Buy rating on the stock and a $200 price target (21.3% upside potential). During RenaissanceRe’s recent Q1 conference call, Greenspan asked for more color on the company’s share repurchases and the trend going forward. To this RenaissanceRe’s President and CEO Kevin O’Donnell replied that the company does have “dry powder” in terms of excess capital and has been returning some of it. O’Donnell emphasized that the company will remain a good steward of the shareholders’ capital. Based on 2 Buys and 2 Holds, consensus on the Street is that RenaissanceRe is a Moderate Buy. The average analyst price target of $193.75 implies 17.5% upside potential. Shares have gained about 10.2% over the past year. Related News: Fastly Reports Disappointing 1Q Results, Light Outlook, CFO Exit; Shares Fall 17.5% Roku Reports Profit In 1Q As Results Beat Estimates; Shares Pop 9% Verizon To Sell Media Business To Apollo Management For $5B But Will Retain 10% Stake More recent articles from Smarter Analyst: Cohu To Sell Printed Circuit Board Test Unit For $125M BioNTech To Set Up Manufacturing Plant In Singapore KKR To Invest In Charter Next Generation Park Hotels To Sell 2 Hotels For $149M To Pare Down Debt
The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR) ("RenaissanceRe" or the "Company") announced today a quarterly dividend of $0.36 per common share on its common shares. The dividend is payable on June 30, 2021, to shareholders of record on June 15, 2021.