News articles about RenaissanceRe (NYSE:RNR) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. RenaissanceRe earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 46.9013409988569 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several brokerages have issued reports on RNR. Wells Fargo & Co set a $140.00 price target on RenaissanceRe and gave the company a “hold” rating in a report on Wednesday, December 6th. Citigroup set a $152.00 price objective on RenaissanceRe and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Zacks Investment Research upgraded RenaissanceRe from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. RenaissanceRe currently has a consensus rating of “Hold” and a consensus price target of $145.88.
RenaissanceRe (RNR) opened at $136.54 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $5,485.26, a price-to-earnings ratio of -21.50, a price-to-earnings-growth ratio of 1.45 and a beta of 0.60. RenaissanceRe has a 12-month low of $116.50 and a 12-month high of $152.00.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.33 per share. This is a boost from RenaissanceRe’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.32 annualized dividend and a yield of 0.97%. RenaissanceRe’s dividend payout ratio (DPR) is presently -20.16%.
RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services to a range of customers. The Company’s products include property, casualty and specialty reinsurance and certain insurance products principally distributed through intermediaries. Its segments include Property; Casualty and Specialty, and Other category.
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