RenaissanceRe Holdings Ltd (NYSE: RNR) kicked off on Friday, down -0.31% from the previous trading day, before settling in for the closing price of $283.49. Over the past 52 weeks, RNR has traded in a range of $188.24-$283.86.
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A company in the Financial sector has jumped its sales by 40.93% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 4.84%. With a float of $49.82 million, this company’s outstanding shares have now reached $52.69 million.
In an organization with 925 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 100.53%, operating margin of 23.75%, and the pretax margin is 30.61%.
RenaissanceRe Holdings Ltd (RNR) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Insurance – Reinsurance Industry. The insider ownership of RenaissanceRe Holdings Ltd is 4.48%, while institutional ownership is 95.49%. The most recent insider transaction that took place on Oct 04 ’24, was worth 279,000. Before that another transaction happened on Oct 04 ’24, when Company’s EVP,Chief Underwriting Officer sold 1,000 for $279.00, making the entire transaction worth $279,000. This insider now owns 82,044 shares in total.
RenaissanceRe Holdings Ltd (RNR) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 4.84% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.41% 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
Take a look at RenaissanceRe Holdings Ltd’s (RNR) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.41. Likewise, its price to free cash flow for the trailing twelve months is 4.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 50.57, a number that is poised to hit 7.85 in the next quarter and is forecasted to reach 35.49 in one year’s time.
Technical Analysis of RenaissanceRe Holdings Ltd (RNR)
Let’s dig in a bit further. During the last 5-days, its volume was 0.57 million. That was better than the volume of 0.35 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 89.83%. Additionally, its Average True Range was 7.25.
During the past 100 days, RenaissanceRe Holdings Ltd’s (RNR) raw stochastic average was set at 98.32%, which indicates a significant increase from 96.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.96% in the past 14 days, which was higher than the 27.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $260.01, while its 200-day Moving Average is $232.63. However, in the short run, RenaissanceRe Holdings Ltd’s stock first resistance to watch stands at $283.95. Second resistance stands at $285.30. The third major resistance level sits at $287.50. If the price goes on to break the first support level at $280.40, it is likely to go to the next support level at $278.20. Assuming the price breaks the second support level, the third support level stands at $276.85.
RenaissanceRe Holdings Ltd (NYSE: RNR) Key Stats
The company with the Market Capitalisation of 14.74 billion has total of 52,879K Shares Outstanding. Its annual sales at the moment are 9,135 M in contrast with the sum of 2,561 M annual income. Company’s last quarter sales were recorded 2,829 M and last quarter income was 503,890 K.
