RenaissanceRe Holdings Ltd (NYSE: RNR)’s stock price has plunge by 1.04relation to previous closing price of 223.15. Nevertheless, the company has seen a 0.98% surge in its stock price over the last five trading sessions. zacks.com reported 2024-05-30 that RenaissanceRe (RNR) reported earnings 30 days ago. What’s next for the stock?
Is It Worth Investing in RenaissanceRe Holdings Ltd (NYSE: RNR) Right Now?
The price-to-earnings ratio for RenaissanceRe Holdings Ltd (NYSE: RNR) is above average at 4.98x, Company’s 36-month beta value is 0.38.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for RNR is 50.54M, and currently, short sellers hold a 1.87% ratio of that floaft. The average trading volume of RNR on June 19, 2024 was 293.54K shares.
RNR’s Market Performance
RNR stock saw a decrease of 0.98% in the past week, with a monthly decline of -1.73% and a quarterly a decrease of -4.17%. The volatility ratio for the week is 2.07%, and the volatility levels for the last 30 days are 1.99% for RenaissanceRe Holdings Ltd (RNR). The simple moving average for the past 20 days is -0.15% for RNR’s stock, with a 4.61% simple moving average for the past 200 days.
Analysts’ Opinion of RNR
JP Morgan, on the other hand, stated in their research note that they expect to see RNR reach a price target of $204. The rating they have provided for RNR stocks is “Neutral” according to the report published on January 08th, 2024.
Evercore ISI gave a rating of “Underperform” to RNR, setting the target price at $200 in the report published on December 14th of the previous year.
RNR Trading at 1.00% from the 50-Day Moving Average
After a stumble in the market that brought RNR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.83% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 2.07%, as shares sank -0.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.10% upper at present.
During the last 5 trading sessions, RNR rose by +0.98%, which changed the moving average for the period of 200-days by +20.00% in comparison to the 20-day moving average, which settled at $225.71. In addition, RenaissanceRe Holdings Ltd saw 15.04% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RNR starting from BUSHNELL DAVID C, who sale 2,000 shares at the price of $222.69 back on May 15 ’24. After this action, BUSHNELL DAVID C now owns 18,011 shares of RenaissanceRe Holdings Ltd, valued at $445,373 using the latest closing price.
Marra David E, the EVP,Chief Underwriting Officer of RenaissanceRe Holdings Ltd, sale 750 shares at $239.00 during a trade that took place back on Mar 15 ’24, which means that Marra David E is holding 86,544 shares at $179,250 based on the most recent closing price.
Stock Fundamentals for RNR
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 1.0 for the gross margin
The net margin for RenaissanceRe Holdings Ltd stands at 0.27. The total capital return value is set at 0.04. Equity return is now at value 29.73, with 6.04 for asset returns.
Based on RenaissanceRe Holdings Ltd (RNR), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 1.15. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is 23.13.
Currently, EBITDA for the company is 2.53 billion with net debt to EBITDA at 0.41. When we switch over and look at the enterprise to sales, we see a ratio of 1.29. The receivables turnover for the company is 0.65for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.82.
Conclusion
In a nutshell, RenaissanceRe Holdings Ltd (RNR) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
