RenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally. More Details
Flawless balance sheet average dividend payer.
Share Price & News
How has RenaissanceRe Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RNR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: RNR's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: RNR underperformed the US Insurance industry which returned 29.7% over the past year.
Return vs Market: RNR underperformed the US Market which returned 33.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is RenaissanceRe Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StRenaissanceRe Holdings' (NYSE:RNR) Upcoming Dividend Will Be Larger Than Last Year's
2 weeks ago | Simply Wall StShould Weakness in RenaissanceRe Holdings Ltd.'s (NYSE:RNR) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
4 months ago | Simply Wall StIs It Smart To Buy RenaissanceRe Holdings Ltd. (NYSE:RNR) Before It Goes Ex-Dividend?
Is RenaissanceRe Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RNR ($153.27) is trading below our estimate of fair value ($268.27)
Significantly Below Fair Value: RNR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RNR is poor value based on its PE Ratio (19x) compared to the US Insurance industry average (10x).
PE vs Market: RNR is poor value based on its PE Ratio (19x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: RNR is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: RNR's PB Ratio (1.1x) is in line with the US Insurance industry average.
How is RenaissanceRe Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RNR's forecast earnings growth (40% per year) is above the savings rate (2%).
Earnings vs Market: RNR's earnings (40% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: RNR's revenue (8.4% per year) is forecast to grow slower than the US market (9.1% per year).
High Growth Revenue: RNR's revenue (8.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RNR's Return on Equity is forecast to be low in 3 years time (11.9%).
How has RenaissanceRe Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RNR has high quality earnings.
Growing Profit Margin: RNR's current net profit margins (7.9%) are lower than last year (12%).
Past Earnings Growth Analysis
Earnings Trend: RNR's earnings have grown by 16.8% per year over the past 5 years.
Accelerating Growth: RNR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RNR had negative earnings growth (-28.4%) over the past year, making it difficult to compare to the Insurance industry average (72.8%).
Return on Equity
High ROE: RNR's Return on Equity (4.7%) is considered low.
How is RenaissanceRe Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: RNR's short term assets ($29.7B) exceed its short term liabilities ($20.5B).
Long Term Liabilities: RNR's short term assets ($29.7B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: RNR's debt to equity ratio (10%) is considered satisfactory.
Reducing Debt: RNR's debt to equity ratio has reduced from 16.4% to 10% over the past 5 years.
Debt Coverage: RNR's debt is well covered by operating cash flow (135.5%).
Interest Coverage: RNR's interest payments on its debt are well covered by EBIT (10.9x coverage).
What is RenaissanceRe Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: RNR's dividend (0.94%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: RNR's dividend (0.94%) is low compared to the top 25% of dividend payers in the US market (3.57%).
Stability and Growth of Payments
Stable Dividend: RNR's dividends per share have been stable in the past 10 years.
Growing Dividend: RNR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17.6%), RNR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RNR's dividends in 3 years are forecast to be thoroughly covered by earnings (7.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kevin O'Donnell (54 yo)
Mr. Kevin Joseph O’Donnell has been the Chief Executive Officer and President at RenaissanceRe Holdings Ltd. and Renaissance Reinsurance U.S. Inc. since July 1, 2013 and November 13, 2012 respectively. Mr....
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD9.56M) is above average for companies of similar size in the US market ($USD6.51M).
Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.
Experienced Management: RNR's management team is considered experienced (4.5 years average tenure).
Experienced Board: RNR's board of directors are considered experienced (8.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
RenaissanceRe Holdings Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: RenaissanceRe Holdings Ltd.
- Ticker: RNR
- Exchange: NYSE
- Founded: 1993
- Industry: Reinsurance
- Sector: Insurance
- Market Cap: US$7.220b
- Shares outstanding: 47.11m
- Website: https://www.renre.com
Number of Employees
- RenaissanceRe Holdings Ltd.
- Renaissance House
- 12 Crow Lane
- HM 19
RenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property se...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/05 22:51|
|End of Day Share Price||2021/08/05 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.