RNR Stock Summary and Trading Ideas (Renaissancere Holdings Ltd. | NYSE:RNR)

RenaissanceRe Holdings Ltd provides reinsurance and insurance solutions and related services. The company's core products include property, casualty and specialty reinsurance. Revenue is derived from three sources: net premiums earned from the insurance and insurance products sold; net investment income from the investment of capital funds and cash; and other income from the company's joint ventures, advisory services, and other items. The reportable segments of the company are the Property segment which includes catastrophe and other property reinsurance, and the Casualty and Specialty segment which is comprised of casualty and specialty reinsurance. It derives a majority of its revenue from the Casualty and specialty segment.

Renaissancere Holdings Ltd. trades on the NYSE stock market under the symbol RNR.

As of May 14, 2024, RNR stock price declined to $223.15 with 250,067 million shares trading.

RNR has a beta of -0.10, meaning it tends to be less sensitive to market movements. RNR has a correlation of 0.00 to the broad based SPY ETF.

RNR has a market cap of $11.76 billion. This is considered a Large Cap stock.

Last quarter Renaissancere Holdings Ltd. reported $3 billion in Revenue and $12.18 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $2.77.

In the last 3 years, RNR stock traded as high as $239.42 and as low as $124.18.

The top ETF exchange traded funds that RNR belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

RNR has underperformed the market in the last year with a price return of +7.5% while the SPY ETF gained +28.8%. RNR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.9% and +0.7%, respectively, while the SPY returned +6.2% and +2.6%, respectively.

RNR support price is $219.94 and resistance is $227.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RNR stock will trade within this expected range on the day.