RenaissanceRe Holdings Ltd. (RNR) reported quarterly earnings results on Tuesday, Apr-26-2016. The company reported $1.51 earnings per share for the quarter, missing the analyst consensus estimate by $-1.19. Analysts had a consensus of $2.70. The company posted revenue of $448.12 million in the period, compared to analysts expectations of $398.98 million. The company’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.10 EPS.
Many Wall Street Analysts have commented on RenaissanceRe Holdings Ltd.. Company shares were Reiterated by RBC Capital Mkts on Feb 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 117 from a previous price target of $113 .
RenaissanceRe Holdings Ltd. opened for trading at $114.25 and hit $115.8 on the upside on Friday, eventually ending the session at $115.79, with a gain of 1.43% or 1.63 points. The heightened volatility saw the trading volume jump to 2,15,722 shares. Company has a market cap of $4,996 M.
In a different news, on Apr 4, 2016, Rider Fonner Todd (SVP & CIO) sold 1,500 shares at $119.00 per share price. According to the SEC, on Feb 18, 2016, William Francis Hagerty (director) purchased 2,000 shares at $113.23 per share price. On Feb 3, 2016, Kevin Odonnell (Pres & Chief Executive Officer) sold 2,000 shares at $114.02 per share price, according to the Form-4 filing with the securities and exchange commission.
RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services. The Companys core products include property catastrophe reinsurance specialty reinsurance risks and certain insurance products. Its operating segments include Catastrophe Reinsurance Specialty Reinsurance and Lloyd’s. Catastrophe Reinsurance offers coverage against natural catastrophes such as earthquakes hurricanes and tsunamis as well as other natural and manmade catastrophes. Specialty Reinsurance offers coverage in aviation casualty clash catastrophe exposed personal lines property. Lloyd’s underwriting platform provides access to Lloyd’s distribution network. Property catastrophe reinsurance is written for own account for DaVinci and for other joint ventures. It writes specialty reinsurance for own account and for DaVinci covering certain targeted classes of business. The Lloyd’s segment includes insurance and reinsurance business written for own account through Syndicate 1458.