RenaissanceRe Holdings Ltd. (RNR) To Go Ex-Dividend on June 15th

RenaissanceRe Holdings Ltd. (NYSE:RNR) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.41 per share by the insurance provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, June 15th.

RenaissanceRe has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 30 years. RenaissanceRe has a dividend payout ratio of 4.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect RenaissanceRe to earn $40.89 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 4.0%.

RenaissanceRe Stock Down 0.6%

Shares of NYSE RNR opened at $300.73 on Friday. RenaissanceRe has a 52 week low of $231.17 and a 52 week high of $318.20. The business has a 50-day simple moving average of $301.47 and a two-hundred day simple moving average of $283.17. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The company has a market cap of $12.82 billion, a P/E ratio of 5.01, a P/E/G ratio of 0.81 and a beta of 0.22.

RenaissanceRe (NYSE:RNR) last issued its earnings results on Tuesday, April 28th. The insurance provider reported $13.75 EPS for the quarter, topping the consensus estimate of $11.07 by $2.68. RenaissanceRe had a return on equity of 24.01% and a net margin of 24.25%.The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the company earned ($1.49) EPS. The firm’s revenue was down 36.8% compared to the same quarter last year. Research analysts anticipate that RenaissanceRe will post 39.08 earnings per share for the current fiscal year.

RenaissanceRe Company Profile

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance solutions, specializing in property catastrophe, casualty, and specialty lines. Established in 1993 and headquartered in Bermuda, the company trades on the New York Stock Exchange under the symbol RNR. With a focus on underwriting and risk assessment, RenaissanceRe offers tailored programs designed to help insurers and corporations manage exposure to natural disasters, liability claims, and other complex risks.

The company operates through two primary segments: Reinsurance and Insurance.