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 January 17, 2025, RNR stock price climbed to $257.46 with 1,259,512 million shares trading.

RNR has a market cap of $13.37 billion. This is considered a Large Cap stock.

Last quarter Renaissancere Holdings Ltd. reported $4 billion in Revenue and $10.23 earnings per share. This beat revenue expectation by $1 billion and exceeded earnings estimates by $2.48.

In the last 3 years, RNR traded as high as $300.00 and as low as $124.18.

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

RNR has underperformed the market in the last year with a return of +26.0%, while the SPY ETF gained +28.0%. In the last 3 month period, RNR fell short of the market, returning -9.0%, while SPY returned +3.0%. However, in the most recent 2 weeks RNR has outperformed the stock market by returning +1.8%, while SPY returned +1.0%.

RNR support price is $252.96 and resistance is $260.98 (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 shares will trade within this expected range on the day.