RenaissanceRe Holdings Ltd (NYSE: RNR) on Tuesday, plunged -3.73% from the previous trading day, before settling in for the closing price of $221.17. Within the past 52 weeks, RNR’s price has moved between $174.22 and $239.42.
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During the last 5-year period, the sales growth of Financial Sector giant was 40.93%. The company achieved an average annual earnings per share of -0.86%. With a float of $50.54 million, this company’s outstanding shares have now reached $52.69 million.
Let’s determine the extent of company efficiency that accounts for 925 employees.
RenaissanceRe Holdings Ltd (RNR) Breakdown of a Key Holders of the stock
Observing investor behavior towards Insurance – Reinsurance industry stocks is more important than anything else. The insider ownership of RenaissanceRe Holdings Ltd is 4.43%, while institutional ownership is 94.88%. The most recent insider transaction that took place on May 15 ’24, was worth 445,373. In this transaction Director of this company sold 2,000 shares at a rate of $222.69, taking the stock ownership to the 18,011 shares. Before that another transaction happened on Mar 15 ’24, when Company’s EVP,Chief Underwriting Officer sold 750 for $239.00, making the entire transaction worth $179,250. This insider now owns 86,544 shares in total.
RenaissanceRe Holdings Ltd (RNR) Recent Fiscal highlights
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported 8.79 earnings per share (EPS) for the period topping the consensus outlook (set at 7.47) by 1.32. Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.42 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -0.86% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.60% during the next five years compared to 60.49% growth over the previous five years of trading.
RenaissanceRe Holdings Ltd (NYSE: RNR) Trading Performance Indicators
RenaissanceRe Holdings Ltd (RNR) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.19. Likewise, its price to free cash flow for the trailing twelve months is 5.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 45.24, a number that is poised to hit 10.71 in the next quarter and is forecasted to reach 35.46 in one year’s time.
Technical Analysis of RenaissanceRe Holdings Ltd (RNR)
Looking closely at RenaissanceRe Holdings Ltd (NYSE: RNR), its last 5-days average volume was 0.42 million, which is a jump from its year-to-date volume of 0.34 million. As of the previous 9 days, the stock’s Stochastic %D was 19.13%. Additionally, its Average True Range was 5.00.
During the past 100 days, RenaissanceRe Holdings Ltd’s (RNR) raw stochastic average was set at 2.75%, which indicates a significant increase from 1.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.16% in the past 14 days, which was higher than the 20.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $224.19, while its 200-day Moving Average is $216.99. However, in the short run, RenaissanceRe Holdings Ltd’s stock first resistance to watch stands at $216.54. Second resistance stands at $220.14. The third major resistance level sits at $222.12. If the price goes on to break the first support level at $210.95, it is likely to go to the next support level at $208.97. Now, if the price goes above the second support level, the third support stands at $205.37.
RenaissanceRe Holdings Ltd (NYSE: RNR) Key Stats
Market capitalization of the company is 11.26 billion based on 52,879K outstanding shares. Right now, sales total 9,135 M and income totals 2,561 M. The company made 2,599 M in profit during its latest quarter, and 373,640 K in sales during its previous quarter.
