RenaissanceRe Holdings (NYSE:RNR) Earns Media Sentiment Rating of 0.09

News coverage about RenaissanceRe Holdings (NYSE:RNR) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. RenaissanceRe Holdings earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 46.2603803356281 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

RNR has been the subject of a number of research reports. Wells Fargo & Company set a $140.00 price target on shares of RenaissanceRe Holdings and gave the company a “hold” rating in a research report on Wednesday, October 4th. Zacks Investment Research downgraded RenaissanceRe Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. UBS AG cut their price objective on RenaissanceRe Holdings from $136.00 to $135.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Buckingham Research assumed coverage on RenaissanceRe Holdings in a report on Monday, September 11th. They issued a “buy” rating and a $165.00 price target for the company. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $143.00 price target on shares of RenaissanceRe Holdings in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. RenaissanceRe Holdings has a consensus rating of “Hold” and an average target price of $144.38.

Shares of RenaissanceRe Holdings (RNR) traded up $1.04 during midday trading on Friday, hitting $139.70. 318,400 shares of the stock traded hands, compared to its average volume of 281,703. RenaissanceRe Holdings has a one year low of $120.55 and a one year high of $152.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 1.66.

RenaissanceRe Holdings (NYSE:RNR) last announced its quarterly earnings data on Tuesday, October 31st. The insurance provider reported ($13.81) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($12.25) by ($1.56). RenaissanceRe Holdings had a negative net margin of 7.60% and a negative return on equity of 5.82%. The company had revenue of $483.22 million for the quarter, compared to analysts’ expectations of $300.46 million. During the same period in the prior year, the firm earned $2.09 earnings per share. The firm’s quarterly revenue was up 70.0% on a year-over-year basis. sell-side analysts expect that RenaissanceRe Holdings will post -6.7 EPS for the current fiscal year.

RenaissanceRe Holdings announced that its Board of Directors has authorized a share repurchase program on Wednesday, August 2nd that allows the company to buyback $500.00 million in shares. This buyback authorization allows the insurance provider to repurchase up to 8.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

In related news, CEO Kevin Odonnell sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $135.58, for a total transaction of $677,900.00. Following the completion of the sale, the chief executive officer now directly owns 193,447 shares of the company’s stock, valued at approximately $26,227,544.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

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About RenaissanceRe Holdings

RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services to a range of customers. The Company’s products include property, casualty and specialty reinsurance and certain insurance products principally distributed through intermediaries. Its segments include Property; Casualty and Specialty, and Other category.

Insider Buying and Selling by Quarter for RenaissanceRe Holdings (NYSE:RNR)

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